secwatch.observer — SEC 8-K summary
======================================

Issuer:     DeFi Development Corp. (DFDV)
CIK:        0001805526
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001575872-24-000533
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Janover Q1 2024 revenue $411K, net loss $964K; highlights 17% sequential growth, 18% recurring revenue
--------------------------------------------------------------------------------

- Revenue $411K in Q1 2024, down 12% YoY from $467K; net loss widened to $964K from $220K.
- Sequential revenue grew 17% vs Q4 2023; SBA revenue up 16% sequentially.
- Revenue per transaction increased 10% YoY; 18% of revenue from recurring subscriptions.
- Adjusted EBITDA loss $837K vs $175K loss in prior year.
- Cash $3.9M, no debt; focus on larger loans and recurring revenue via Groundbreaker and Janover Insurance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805526/000157587224000533/0001575872-24-000533-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805526/000157587224000533/jnvr-20240514.htm
  HTML page:      https://secwatch.observer/filing/0001575872-24-000533

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