secwatch.observer — SEC 8-K summary
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Issuer:     Sharecare, Inc. (—)
CIK:        0001816233
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001816233-24-000108
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sharecare Q1 revenue down 22% to $90.9M; net loss $35.1M; strategic review active
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- Revenue $90.9M, down 22% YoY; adjusted EBITDA loss $2.7M vs prior-year profit $0.6M.
- Net loss $35.1M; adjusted net loss $13.3M; EPS loss $0.10 (adjusted loss $0.04).
- Strategic review active with multiple bidders; expects conclusion within 30-45 days.
- Medicaid digital navigation platform launching July 1, 2024 to 750,000 members.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816233/000181623324000108/0001816233-24-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816233/000181623324000108/shcr-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001816233-24-000108

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