{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-24-003301","form_type":"8-K","ticker":null,"cik":"0001893311","company_name":"LUXURBAN HOTELS INC.","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.119780+00:00","generated_at":"2026-06-02T01:22:03.466190+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"LuxUrban Q1 net loss widens to $16.8M; revenue up 27.6% to $29.1M; exits Wyndham franchise","bullets":["Net rental revenue rose 27.6% YoY to $29.1M, driven by more rooms (1,535 vs 571) but lower TRevPAR.","Net loss was $16.8M vs $2.8M loss in Q1 2023; adjusted EBITDA fell to $2.5M from $4.0M.","Gross loss of $4.6M vs prior-year gross profit of $5.4M, reflecting $12.1M increase in other expenses.","Cash and equivalents $1.0M at March 31, 2024; company terminated Wyndham franchise agreements on May 6, 2024.","Priorities for 2024 include improving working capital, balance sheet, and organic revenue growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-24-003301","json":"https://secwatch.observer/filing/0001829126-24-003301.json","markdown":"https://secwatch.observer/filing/0001829126-24-003301.md","text":"https://secwatch.observer/filing/0001829126-24-003301.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1893311/000182912624003301/0001829126-24-003301-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1893311/000182912624003301/luxurban_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T01:22:03.466190+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8ea46939817a8ab50a0a971fd0b4a2d877ae8afd","claim":"LUXURBAN HOTELS INC. reported the first quarter ended March 31, 2024 results: revenue $29.1 million, net income $(16.8) million.","evidence_excerpt":"this release. The Company also announced that it will file its Form 10-Q with the Securities and Exchange Commission on May 13, 2024. “We reported Q1 2024 net rental revenue of $29.1 million, a 27.6% increase from last year’s first quarter, and adjusted EBITDA of $2.5 million. Our bookings outlook as we enter the seasonally stronger spring and summer months is","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1893311/000182912624003301/0001829126-24-003301-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$29.1 million"},{"label":"Net income","value":"$(16.8) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}