secwatch.observer — SEC 8-K summary
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Issuer:     Bright Mountain Media, Inc. (BMTM)
CIK:        0001568385
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001628280-23-029389
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bright Mountain Media Q2 revenue up 121% to $12.6M; net loss widens to $6.1M
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- Revenue of $12.6M for Q2 2023, up 121% from $5.7M in Q2 2022, driven by Big Village acquisition.
- Net loss of $6.1M compared to $1.5M loss in prior year; adjusted EBITDA loss of $1.9M vs $39K positive.
- Advertising technology revenue $11.2M; digital publishing contributed $1.4M in Q2 2023.
- General and administrative expense rose 114% to $7.4M, primarily from Big Village acquisition costs.
- Big Village acquisition closed April 20, 2023; management expects cross-selling opportunities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568385/000162828023029389/0001628280-23-029389-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568385/000162828023029389/bmm-20230814.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-029389

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