Volcon Q2 revenue $0.5M; net loss $23M on $22.3M extinguishment charge

Empery Digital Inc.

2023-Q2 EPS reported -$1.17 vs consensus -$499392.00 ▲ beat (+100.0%)

Revenue $519,300, down 56% from Q1 2023; no Grunt sales in Q2.
Net loss $23.0M vs $7.3M in Q1; includes $22.3M loss on convertible note extinguishment.
Adjusted EBITDA loss $1.3M, improved from $4.4M loss in Q1.
Stag launch delayed to Q4 2023; pre-orders over $115M (cancelable).
Grunt EVO and Runt LT launches expected Q3 and Q4 2023; production moved to Mexico.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Empery Digital Inc. reported the three and six months ended June 30, 2023 results: revenue $ 519,300, net income $ (23,028,194 ).

Period: the three and six months ended June 30, 2023
Revenue: $ 519,300
Net income: $ (23,028,194 )
Result: reported results

Exact text from the filing

until they are fulfilled. 1 Financial highlights: 3 Months Ended Six Months Ended GAAP June 30, 2023 March 31, 2023 December 31, 2022 June 30, 2023 June 30, 2022 Revenue $ 519,300 $ 1,170,458 $ 751,621 $ 1,689,758 $ 3,552,355 Cost of goods sold (334,647 ) (1,229,981 ) (1,862,949 ) (1,564,628 ) (9,537,042 ) Gross Margin 184,653 (59,523 ) (1,111,328 ) 125,130

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Empery Digital Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-005584

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