Volcon corrects Q2 adjusted EBITDA loss to $4.2M; Stag launch delayed to Q4 2023

Empery Digital Inc.

Revenue $519k, down $0.7M from Q1 2023; net loss $23.0M includes $22.3M loss on extinguishment.
Adjusted EBITDA loss (corrected) $4.2M vs previously reported; GAAP figures unchanged.
Stag pre-orders exceed $115M in expected revenue; launch pushed to Q4 2023 from Q3.
Grunt EVO production started; deliveries expected in September 2023; Runt LT in Q4 2023.
Assembly moved from Mesa, AZ to Puebla, Mexico; dealer count stable at 142, Canadian expansion deferred to 2024.

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 1.0

Empery Digital Inc. reported second quarter of 2023 results: revenue $519,300, net income $23.0 million.

Period: second quarter of 2023
Revenue: $519,300
Net income: $23.0 million
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 0001683168-23-006312

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