secwatch.observer — SEC 8-K summary
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Issuer:     ALPINE 4 HOLDINGS, INC. (—)
CIK:        0001606698
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001628280-24-026954
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 2.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606698/000162828024026954/0001628280-24-026954-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606698/000162828024026954/alpp-20240605.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-026954

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