{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-017702","form_type":"8-K","ticker":"BMTM","cik":"0001568385","company_name":"Bright Mountain Media, Inc.","filed_at":"2023-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.448225+00:00","generated_at":"2026-06-15T02:31:28.941580+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Bright Mountain Media Q1 revenue down 57% to $1.5M; net loss widens to $3.8M; Big Village acquisition adds $50M revenue","bullets":["Revenue $1.5M, down 57% YoY from $3.5M; gross margin $528K, down 70%.","Net loss $3.8M compared to $2.1M loss in Q1 2022 (increase of 79%).","Adjusted EBITDA loss $2.1M vs $1.6M loss in prior-year period.","Acquisition of Big Village Insights & Agency divisions expected to add ~$50M annualized revenue and be accretive to adjusted EBITDA.","CEO Drinkwater cites transformation; integration of Big Village's proprietary data underway."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-017702","json":"https://secwatch.observer/filing/0001628280-23-017702.json","markdown":"https://secwatch.observer/filing/0001628280-23-017702.md","text":"https://secwatch.observer/filing/0001628280-23-017702.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1568385/000162828023017702/0001628280-23-017702-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1568385/000162828023017702/bmm-20230511.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T02:31:28.941580+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ea6e621d207c88948ec2bf250c0ce903f9f89b85","claim":"Bright Mountain Media, Inc. reported first quarter and Three Months Ended March 31, 2023 results: revenue $1.5 million, net income $3.8 million net loss.","evidence_excerpt":"use this acquisition as a springboard to accelerating growth and maximizing value to shareholders.” 1 Financial Results for the Three Months Ended March 31, 2023 • Revenue was $1.5 million, a decrease of $2.0 million or 57% compared to $3.5 million for the same period of 2022. • Gross margin was $528,000, a reduction of 70%, compared to $1.7 million in the same","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1568385/000162828023017702/0001628280-23-017702-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter and Three Months Ended March 31, 2023"},{"label":"Revenue","value":"$1.5 million"},{"label":"Net income","value":"$3.8 million net loss"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}