secwatch.observer — SEC 8-K summary
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Issuer:     Bright Mountain Media, Inc. (BMTM)
CIK:        0001568385
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001628280-23-038876
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bright Mountain Media Q3 revenue up 192% to $15.3M, net loss widens to $19.8M on $16.3M goodwill impairment
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- Revenue $15.3M, +192% YoY on Big Village acquisition; ad-tech $3.6M, digital pub $1.0M, creative insights $8.0M, services $2.6M.
- Net loss $19.8M vs $2.2M loss, includes $16.3M goodwill impairment; Adjusted EBITDA profit $283K vs loss $373K.
- Nine-month revenue $29.4M (+104%), net loss $29.6M, Adjusted EBITDA loss $3.6M vs $1.8M.
- Gross margin $3.4M (+57%) despite cost of revenue $11.9M; G&A $4.1M up 24%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568385/000162828023038876/0001628280-23-038876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568385/000162828023038876/bmm-20231114.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-038876

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