secwatch.observer — SEC 8-K summary
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Issuer:     Empery Digital Inc. (EMPD)
CIK:        0001829794
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001683168-23-002974
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829794/000168316823002974/0001683168-23-002974-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829794/000168316823002974/volcon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-002974

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