---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-003060"
form_type: "8-K"
ticker: "EMPD"
cik: "0001829794"
company_name: "Empery Digital Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:53:31.592139+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Volcon Q1 2024 net loss $26M on warrant revaluation; Stag deliveries begin

## Summary
- Revenue $1.03M, flat QoQ; gross margin negative $0.59M.
- Net loss $26.05M includes $19.8M loss on warrant liabilities revaluation.
- Adjusted EBITDA loss $4.1M, improved from $9.4M in Q4 2023.
- First Stag deliveries began in May 2024; Nasdaq compliance extension until June 24, 2024.
- Company cancels Runt LT launch; evaluating new two-wheel products.

## SEC filing metadata
- accession: 0001683168-24-003060
- form_type: 8-K
- ticker: EMPD
- cik: 0001829794
- company_name: Empery Digital Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829794/000168316824003060/0001683168-24-003060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829794/000168316824003060/volcon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-003060
- JSON: https://secwatch.observer/filing/0001683168-24-003060.json
- Plain text: https://secwatch.observer/filing/0001683168-24-003060.txt

## Key facts
- Earnings Releases
  Empery Digital Inc. reported the quarter ended March 31, 2024 results: revenue $1,033,548, net income $(26,048,044).
  - Period: the quarter ended March 31, 2024
  - Revenue: $1,033,548
  - Net income: $(26,048,044)
  - Result: reported results
  source text: move forward with reducing cost of operations and production.” 1 Financial highlights: 3 Months Ended GAAP March 31, 2024 December 31, 2023 September 30, 2023 Revenue $ 1,033,548 $ 1,083,800 $ 487,430 Cost of goods sold (1,621,580 ) (6,283,944 ) (3,542,468 ) Gross Margin (588,032 ) (5,200,144 ) (3,055,038 Sales & Marketing 760,564 1,365,186 1,870,532
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316824003060/0001683168-24-003060-index.htm

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