secwatch.observer — SEC 8-K summary
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Issuer:     Emerald Holding, Inc. (EEX)
CIK:        0001579214
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001564590-21-053048
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Emerald Q3 2021 revenue $76.5M, net loss $9M; restates historical financials
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- Revenue $76.5M vs $8.5M YoY; net loss $9.0M vs $15.3M; adjusted EBITDA $9.4M vs -$3.2M.
- Staged 32 live events with 92,000+ attendees and 5,200 exhibitors; organic revenue down 11.7%.
- Ended Q3 with $303.6M cash; repurchased 1.2M shares at avg $4.69; board expanded buyback to $20M through Dec 2022.
- Insurance claims submitted: $167M for 2020 events, $76.2M for 2021; filed lawsuit against insurers for bad faith.
- Restating prior financials to classify redeemable convertible preferred stock as temporary equity, correcting per-share data.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579214/000156459021053048/0001564590-21-053048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579214/000156459021053048/eex-8k_20211101.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-053048

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