---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-026954"
form_type: "8-K"
ticker: null
cik: "0001606698"
company_name: "ALPINE 4 HOLDINGS, INC."
filed_at: "2024-06-06T23:59:59+00:00"
generated_at: "2026-06-01T05:54:25.511562+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alpine 4 reports Q3 2023 revenue down 7% to $25.6M; $33M non-cash impairment

## Summary
- Q3 2023 revenue $25.6M vs $27.5M in Q3 2022 (-7%); YTD revenue flat at $78M.
- Non-cash impairment charges of $33M in Q3 due to sustained share price drop and macro conditions.
- Cash position $2.9M at quarter end; gross margin steady at 21%.
- R&D expenses surged to $3.1M YTD from $0.7M YTD 2022.
- CEO cited divestment plan for non-performing subsidiaries to improve margins in H2 2024.

## SEC filing metadata
- accession: 0001628280-24-026954
- form_type: 8-K
- cik: 0001606698
- company_name: ALPINE 4 HOLDINGS, INC.
- filed_at: 2024-06-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.06, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606698/000162828024026954/0001628280-24-026954-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606698/000162828024026954/alpp-20240605.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-026954
- JSON: https://secwatch.observer/filing/0001628280-24-026954.json
- Plain text: https://secwatch.observer/filing/0001628280-24-026954.txt

## Key facts
- Restructurings & Charges
  ALPINE 4 HOLDINGS, INC. announced a impairment with charges of $33 million affecting certain reporting units.
  - Type: impairment
  - Charge: $33 million
  - Affected area: certain reporting units
  source text: Non-cash impairment charges amounted to $33 million in Q3 2023, resulting from several different triggering events.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606698/000162828024026954/0001628280-24-026954-index.htm
- Restructurings & Charges
  ALPINE 4 HOLDINGS, INC. announced a impairment with charges of $33 million affecting certain reporting units.
  - Type: impairment
  - Charge: $33 million
  - Affected area: certain reporting units
  source text: The gross margin remained steady at 21% for the first nine months of 2023, compared to the same period in 2022. • Impairment Charges: Non-cash impairment charges amounted to $33 million in Q3 2023, resulting from several different triggering events. • Cash Position: The cash position at the end of the period was $2.9 million. • Research and Development (R&D):
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606698/000162828024026954/0001628280-24-026954-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.