secwatch.observer — SEC 8-K summary
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Issuer:     Forge Global Holdings, Inc. (—)
CIK:        0001827821
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001628280-24-013092
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forge Global Q4 revenue up 13% YoY; operating loss widens to $24.4M; names Drew Sievers COO
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- Total revenue less transaction-based expenses $18.9M in Q4, up 13% YoY; full year $69.4M, up 1% YoY.
- Q4 net loss $26.2M vs $19.0M prior quarter; operating loss $24.4M vs $21.5M.
- Annual trading volume $0.8B, down 37% YoY; custodial admin fee revenue up 53% to $44.0M.
- Cash and equivalents $144.7M; operating cash flow improved 40% YoY to -$41.5M.
- Appointed Drew Sievers as COO effective March 26; previously Chief Delivery Officer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1827821/000162828024013092/0001628280-24-013092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1827821/000162828024013092/forge-20240326.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-013092

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