secwatch.observer — SEC 8-K summary
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Issuer:     Compass, Inc. (COMP)
CIK:        0001563190
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001563190-22-000185
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Compass Q3 revenue down 14% to $1.49B; Adj EBITDA loss of $42M vs +$12M a year ago
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- GAAP net loss $154M vs $100M loss in 3Q21; includes $29M restructuring and $50M stock-based comp.
- Adjusted EBITDA loss of $42M; guides Q4 Adj EBITDA loss of $50M-$80M and FY22 loss $185M-$215M.
- Transactions down 12% vs market down 21%; principal agents up 15% to 13,314; national share 4.6%.
- Cash and equivalents $355M; $300M revolver available; Q4 revenue guidance $1.15B-$1.30B.
- Restructuring charges of $29M in Q3 as part of cost savings program targeting $1.05B-$1.15B non-GAAP opex exiting 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563190/000156319022000185/0001563190-22-000185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563190/000156319022000185/compassinc_202201110x8-k.htm
  HTML page:      https://secwatch.observer/filing/0001563190-22-000185

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