secwatch.observer — SEC 8-K summary
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Issuer:     CALLAN JMB INC. (CJMB)
CIK:        0002032545
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001641172-25-011058
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Callan JMB Q1 net loss $1.2M, revenue $1.45M; CFO Appleman terminated for cause
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- Revenue $1.45M, down due to lower emergency preparedness demand; gross margin 42.5%.
- Operating loss ($1.2M) and net loss ($1.2M) for Q1 2025.
- CFO Jeffrey Appleman terminated for cause effective May 13, 2025; Shannon Badger appointed interim CFO.
- IPO completed Feb 2025, gross proceeds ~$5.7M at $4.00/share.
- Renewed Texas DSHS contract and granted second 5-year contract by Oregon Health Authority.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2032545/000164117225011058/0001641172-25-011058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2032545/000164117225011058/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-011058

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