secwatch.observer — SEC 8-K summary
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Issuer:     System1, Inc. (SST)
CIK:        0001805833
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001805833-24-000048
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

System1 Q4 2023 revenue $96.1M, -31% YoY; adjusted EBITDA $10.0M
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- Revenue $96.1M vs $140.1M in Q4 2022; net loss from continuing ops $25.4M vs $29.8M loss.
- Adjusted EBITDA $10.0M vs $14.4M a year ago; O&O revenue $79.4M (-38% YoY).
- Full-year 2023 revenue $402.0M (-40% YoY); net loss from continuing ops $111.3M (2022: $421.4M incl. $372.7M impairment).
- Discontinued ops loss $11.1M in Q4; pro forma adjusted for planned disposition of Total Security Limited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805833/000180583324000048/0001805833-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805833/000180583324000048/sst-20240318.htm
  HTML page:      https://secwatch.observer/filing/0001805833-24-000048

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