secwatch.observer — SEC 8-K summary
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Issuer:     TruGolf Holdings, Inc. (TRUG)
CIK:        0001857086
Form:       8-K/A
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001493152-24-015048
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1857086/000149315224015048/0001493152-24-015048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1857086/000149315224015048/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-015048

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