---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-015048"
form_type: "8-K/A"
ticker: "TRUG"
cik: "0001857086"
company_name: "TruGolf Holdings, Inc."
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:51:31.656157+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# TruGolf, Inc. 2023 net loss $10.3M vs $0.96M; going concern doubt raised

## Summary
- Net loss of $10,283,109 (revenue $20,583,851) vs 2022 loss of $956,841 (revenue $20,227,331).
- Operating loss of $8,660,212 vs prior-year operating income of $732,382; SG&A surged to $11,027,332 from $4,952,381.
- Issued 1,073 shares of common stock for services worth $5,872,529, primarily related to the DMAC business combination.
- Substantial doubt about ability to continue as a going concern within one year; management projects $7M–8M in salary costs.
- Stockholders' deficit worsened to ($3,917,728) from ($3,430,759); debt maturities through 2033 total ~$7.4M.

## SEC filing metadata
- accession: 0001493152-24-015048
- form_type: 8-K/A
- ticker: TRUG
- cik: 0001857086
- company_name: TruGolf Holdings, Inc.
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1857086/000149315224015048/0001493152-24-015048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1857086/000149315224015048/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-015048
- JSON: https://secwatch.observer/filing/0001493152-24-015048.json
- Plain text: https://secwatch.observer/filing/0001493152-24-015048.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.