{"schema_version":"secwatch.filing_event.v1","accession":"0001522767-23-000075","form_type":"8-K","ticker":"MRMD","cik":"0001522767","company_name":"MARIMED INC.","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.230685+00:00","generated_at":"2026-06-15T13:04:03.551461+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"MariMed Q1 revenue up 10% YoY to $34.4M but GAAP net loss of $0.7M vs prior-year profit","bullets":["Revenue $34.4M vs $31.3M YoY (+10%); GAAP gross margin fell to 45% from 54%.","GAAP net loss $(0.7)M vs net income $4.2M a year ago; non-GAAP net income $0.3M.","Adjusted EBITDA $7.1M (21% margin) down from $10.4M (33% margin) in Q1 2022.","CEO notes 13th consecutive quarter of positive adjusted EBITDA; expects 4th straight year of positive operating cash flow.","Non-GAAP adjusted EBITDA margin declined to 21% from 33% on higher costs and product mix."],"urls":{"canonical":"https://secwatch.observer/filing/0001522767-23-000075","json":"https://secwatch.observer/filing/0001522767-23-000075.json","markdown":"https://secwatch.observer/filing/0001522767-23-000075.md","text":"https://secwatch.observer/filing/0001522767-23-000075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1522767/000152276723000075/0001522767-23-000075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1522767/000152276723000075/mrmd-20230508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T13:04:03.551461+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ed64d6a9a4b62dd95cedbcc42eb6c956022d2652","claim":"MARIMED INC. reported the first quarter ended March 31, 2023 results: revenue $34.4, net income $(0.7).","evidence_excerpt":"Financial Highlights 1 The following table summarizes the Company's consolidated financial highlights (in millions, except percentage amounts): Three months ended March 31, 2023 2022 Revenue $ 34.4 $ 31.3 GAAP Gross margin 45 % 54 % Non-GAAP Gross margin 46 % 54 % GAAP Net (loss) income $ (0.7) $ 4.2 Non-GAAP Net income $ 0.3 $ 6.9 Non-GAAP Adjusted EBITDA $ 7.1 $ 10.4 Non-GAAP Adjusted EBITDA margin 21 % 33 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1522767/000152276723000075/0001522767-23-000075-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$34.4"},{"label":"Net income","value":"$(0.7)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}