secwatch.observer — SEC 8-K summary
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Issuer:     Compass, Inc. (COMP)
CIK:        0001563190
Form:       8-K
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0001563190-22-000112
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Compass Q2 revenue $2.0B (+4% YoY); GAAP net loss $101M; $320M cost cuts; Q3 revenue guidance $1.4-1.5B
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- Revenue $2.0B, up 4% YoY; GAAP net loss $101M vs $7M loss in 2Q21.
- Adjusted EBITDA fell to $4M from $71M; cash and cash equivalents $431M.
- New cost reduction program targeting ~$320M annual run rate savings, to complete by end of 2022.
- National market share LTM increased to 4.6% (revised NAR methodology); agents reached 12,979.
- Q3 2022 revenue guidance $1.4-1.5B; FY22 revenue guidance $6.15-6.45B; adjusted EBITDA negative.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563190/000156319022000112/0001563190-22-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563190/000156319022000112/compassinc_20220815x8-k.htm
  HTML page:      https://secwatch.observer/filing/0001563190-22-000112

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer