secwatch.observer — SEC 8-K summary
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Issuer:     Bright Mountain Media, Inc. (BMTM)
CIK:        0001568385
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001628280-24-014136
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bright Mountain Media Q4 rev +193% to $15.1M, but net loss widens to $5.9M; FY net loss $35.6M on $44.5M rev
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- Q4 revenue $15.1M (up 193% YoY); full-year revenue $44.5M (up 128% YoY), driven by Big Village acquisition.
- Q4 net loss $5.9M (up 156% YoY); full-year net loss $35.6M (up 338% YoY), impacted by impairment charges.
- Recorded $14.1M goodwill impairment and $2.9M intangible asset impairment for Ad Network and Owned & Operated units.
- Adjusted EBITDA loss Q4 $616K (vs $694K YoY); full-year Adjusted EBITDA loss $3.9M (vs $2.5M YoY).
- CEO cites transformative year with Big Village and Deep Focus; focus on profitable growth and smart M&A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568385/000162828024014136/0001628280-24-014136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568385/000162828024014136/bmm-20240401.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-014136

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