secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2024-08-16T23:59:59+00:00
Accession:  0001493152-24-032878
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Ally Q2 2024 revenue down 32% YoY; gross profit plunges 91%
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- Total revenue $5.6M, down 32% from $8.3M; entertainment segment revenue down 47% to $2.5M.
- Overall gross profit $242K, down 91% from $2.7M; entertainment segment posted gross loss of $647K.
- Operating loss improved 21% to $3.9M from $4.9M; net loss per share $1.74 vs $3.12 for first half.
- Sold Lenexa office building on Aug 12, 2024; amended note with $100K/month payment and potential penalties.
- Kustom Entertainment business combination with Clover Leaf SPAC registration effective July 30, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315224032878/0001493152-24-032878-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315224032878/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-032878

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