secwatch.observer — SEC 8-K summary
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Issuer:     Empery Digital Inc. (EMPD)
CIK:        0001829794
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001683168-23-005584
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829794/000168316823005584/0001683168-23-005584-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829794/000168316823005584/volcon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-005584

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