secwatch.observer — SEC 8-K summary
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Issuer:     System1, Inc. (SST)
CIK:        0001805833
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001805833-23-000145
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

System1 Q2 2023 revenue $147.2M, operating loss $36.4M, adjusted EBITDA $14.6M
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- Revenue of $147.2M, down 33% YoY from $219.8M in Q2 2022.
- Operating loss of $36.4M vs loss of $31.1M in Q2 2022.
- Net loss from continuing operations of $44.2M, vs $33.8M in prior year.
- Adjusted EBITDA of $14.6M, down from $34.2M in Q2 2022.
- O&O revenue $77.3M, RPS $0.09, spread 55% compared to 30% a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805833/000180583323000145/0001805833-23-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805833/000180583323000145/sst-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001805833-23-000145

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