secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001654954-24-001788
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Know Labs Q1 net loss $3.45M, EPS -$0.04; cash burn $3.39M; going concern remains
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- Net loss $3.45M vs $3.82M year ago; EPS loss -$0.04 improved from -$0.08.
- R&D expense $1.48M, down 14.7% YoY; SG&A $2.01M, up 5.6% YoY.
- Cash $4.82M at Dec 31, down from $8.02M at Sep 30; operating burn $3.39M in Q1.
- Filed $18M S-3 shelf registration, effective Jan 11, 2024, for future fundraising.
- Going concern qualification; management says cash sufficient until June 30, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000165495424001788/0001654954-24-001788-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000165495424001788/knwn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-001788

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