---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-002974"
form_type: "8-K"
ticker: "EMPD"
cik: "0001829794"
company_name: "Empery Digital Inc."
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T17:22:08.788460+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Volcon Q1 revenue $1.2M, net loss $7.3M; Stag pre-orders >$113M

## Summary
- Revenue $1.17M in Q1 2023, up from $0.75M in Q4 2022; net loss $7.3M vs $7.8M in Q4.
- Adjusted EBITDA loss $4.4M vs $5.4M; gross margin improved to ($0.06M) from ($1.1M).
- 143 dealers as of Mar 31 (down 8); targeting 250 by end 2023; Stag pre-orders >$113M potential revenue.
- Brazil distributor deal with $12M minimum over 3 years; Grunt EVO and Runt LT launch expected Q2 2023.
- Electrameccanica (SOLO) selected for final assembly of Grunt EVO, RUNT, Stag in Mesa, AZ.

## SEC filing metadata
- accession: 0001683168-23-002974
- form_type: 8-K
- ticker: EMPD
- cik: 0001829794
- company_name: Empery Digital Inc.
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829794/000168316823002974/0001683168-23-002974-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829794/000168316823002974/volcon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-002974
- JSON: https://secwatch.observer/filing/0001683168-23-002974.json
- Plain text: https://secwatch.observer/filing/0001683168-23-002974.txt

## Key facts
- Earnings Releases
  Empery Digital Inc. reported first quarter of 2023 results: revenue $ 1,170,458, net income $ (7,299,469 ).
  - Period: first quarter of 2023
  - Revenue: $ 1,170,458
  - Net income: $ (7,299,469 )
  - Result: reported results
  source text: Financial highlights: GAAP 3 Months Ended March 31, 2023 December 31, 2022 September 30, 2022 Revenue $ 1,170,458 $ 751,621 $ 242,710 Cost of goods sold (1,229,981 ) (1,862,949 ) (2,012,829 ) Gross Margin (59,523 ) (1,111,328 ) (1,770,119 ) Sales & Marketing 1,789,370 1,751,729 1,282,014 Product Development 1,786,351 1,680,389 2,177,347 General & Administrative 1,890,091 1,637,176 2,085,211 Total Operating Expenses 5,465,812 5,069,294 5,544,572 Loss from Operations (5,525,335 ) (6,180,622 ) (7,314,691 ) Other Income (Expense) (1,774,134 ) (1,616,791 ) (584,493 ) Net loss $ (7,299,469 ) $ (7,797,413 ) $ (7,899,184 )
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316823002974/0001683168-23-002974-index.htm

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