---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-007527"
form_type: "8-K"
ticker: "EMPD"
cik: "0001829794"
company_name: "Empery Digital Inc."
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:55:34.434991+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Volcon Q3 revenue $0.5M, net loss $11.3M; Stag delayed to Nov, regains Nasdaq compliance

## Summary
- Q3 revenue $487K; net loss $11.3M vs $23.0M in Q2; nine-month net loss $41.7M.
- Stag launch delayed from October to November 2023; Runt LT deferred to 2024.
- Dealer count dropped to 133 from 143; entered accounts receivable factoring with Prestige Capital.
- Regained Nasdaq compliance on Oct 30 after bid price above $1.00 for 10 consecutive days.
- Adjusted EBITDA loss of $8.9M in Q3 vs $4.2M in Q2; inventory write-down of $1.6M.

## SEC filing metadata
- accession: 0001683168-23-007527
- form_type: 8-K
- ticker: EMPD
- cik: 0001829794
- company_name: Empery Digital Inc.
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829794/000168316823007527/0001683168-23-007527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829794/000168316823007527/volcon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-007527
- JSON: https://secwatch.observer/filing/0001683168-23-007527.json
- Plain text: https://secwatch.observer/filing/0001683168-23-007527.txt

## Key facts
- Earnings Releases
  Empery Digital Inc. reported the three months ended September 30, 2023 results: revenue $487,430, net income $(11,327,896).
  - Period: the three months ended September 30, 2023
  - Revenue: $487,430
  - Net income: $(11,327,896)
  - Result: reported results
  source text: Financial highlights: 3 Months Ended Nine Months Ended September GAAP September 30, 2023 June 30, 2023 March 31, 2023 2023 2022 Revenue $ 487,430 $ 519,300 $ 1,170,458 $ 2,177,188 $ 3,795,065 Cost of goods sold (3,542,468 ) (334,647 ) (1,229,981 ) (5,107,096 ) (11,549,871 ) Gross Margin (3,055,038 ) 184,653 ) (59,523 ) (2,929,908 ) (7,754,806 ) Sales & Marketing 1,870,532 2,380,617 1,789,370 6,040,519 3,942,827 Product Development 2,983,197 1,166,732 1,786,351 5,936,280 6,775,768 General & Administrative 1,544,344 1,568,700 1,890,091 5,003,135 7,409,601 Total Operating Expenses 6,398,073 5,116,049 5,465,812 16,979,934 18,128,196 Loss from Operations (9,453,111 ) (4,931,396 ) (5,525,335 ) (19,909,842 ) (25,883,002 ) Other Income (Expense) (1,874,785 ) (18,096,798 ) (1,774,134 ) (21,745,717 ) (554,989 ) Net loss $ (11,327,896 ) $ (23,028,194 ) $ (7,299,469 ) $ (41,655,559 ) $ (26,437,991 )
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316823007527/0001683168-23-007527-index.htm
- Earnings Releases
  Empery Digital Inc. reported the nine months ended September 30, 2023 results: revenue $2,177,188, net income $(41,655,559).
  - Period: the nine months ended September 30, 2023
  - Revenue: $2,177,188
  - Net income: $(41,655,559)
  - Result: reported results
  source text: Financial highlights: 3 Months Ended Nine Months Ended September GAAP September 30, 2023 June 30, 2023 March 31, 2023 2023 2022 Revenue $ 487,430 $ 519,300 $ 1,170,458 $ 2,177,188 $ 3,795,065 Cost of goods sold (3,542,468 ) (334,647 ) (1,229,981 ) (5,107,096 ) (11,549,871 ) Gross Margin (3,055,038 ) 184,653 ) (59,523 ) (2,929,908 ) (7,754,806 ) Sales & Marketing 1,870,532 2,380,617 1,789,370 6,040,519 3,942,827 Product Development 2,983,197 1,166,732 1,786,351 5,936,280 6,775,768 General & Administrative 1,544,344 1,568,700 1,890,091 5,003,135 7,409,601 Total Operating Expenses 6,398,073 5,116,049 5,465,812 16,979,934 18,128,196 Loss from Operations (9,453,111 ) (4,931,396 ) (5,525,335 ) (19,909,842 ) (25,883,002 ) Other Income (Expense) (1,874,785 ) (18,096,798 ) (1,774,134 ) (21,745,717 ) (554,989 ) Net loss $ (11,327,896 ) $ (23,028,194 ) $ (7,299,469 ) $ (41,655,559 ) $ (26,437,991 )
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316823007527/0001683168-23-007527-index.htm

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