secwatch.observer — SEC 8-K summary
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Issuer:     DeFi Development Corp. (DFDV)
CIK:        0001805526
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001575872-24-000301
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Janover reports FY2023 revenue $2.0M, net loss $3.4M; small business revenue doubles again
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- Revenue per transaction increased 54% YoY.
- Small business revenue grew >100% for second consecutive year.
- Revenue $2.0M vs $2.2M; net loss $3.4M ($0.40) vs $1.3M ($0.18).
- Adjusted EBITDA loss $1.9M; cash $5.1M as of Dec 31, 2023.
- Completed IPO July 2023 raising $5M; acquired Groundbreaker Tech (recurring SaaS).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805526/000157587224000301/0001575872-24-000301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805526/000157587224000301/jnvr-20240328.htm
  HTML page:      https://secwatch.observer/filing/0001575872-24-000301

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