secwatch.observer — SEC 8-K summary
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Issuer:     SPLASH BEVERAGE GROUP, INC. (SBEV)
CIK:        0001553788
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001731122-23-001538
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.02, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Splash Beverage Q2 rev $5.2M (+15% YoY); net loss $5.6M; cash $903k; raised $2.7M + $10M facility
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- Q2 net revenue $5.2M vs $4.5M YoY (+15%); six-month revenue $11.0M vs $8.4M (+31%).
- Q2 gross profit $1.7M vs $1.3M (+32%); gross margin 32% up 90 bps.
- Q2 net loss $5.6M (slightly improved); cash $903k at June 30 vs $4.4M at Dec 31, 2022.
- Post-Q2: raised $2.7M from existing investors, entered $10M credit facility, withdrew $200M shelf offering.
- Issued convertible notes: $3.1M (0%) and $1.6M (12%) in Feb-July 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1553788/000173112223001538/0001731122-23-001538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1553788/000173112223001538/e4957_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-23-001538

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