secwatch.observer — SEC 8-K summary
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Issuer:     Douglas Elliman Inc. (DOUG)
CIK:        0001878897
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001878897-24-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Douglas Elliman Q1 revenue down 6% to $200.2M; net loss $41.5M with $17.75M litigation charge
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- Revenue $200.2M vs $214.0M prior year; real estate brokerage GTV ~$7.1B (down from ~$7.3B).
- Operating loss $41.5M includes $17.75M litigation settlement; net loss $0.50 per diluted share.
- Litigation settlement: $7.75M due by June 12, 2024; up to $10M contingent payments through 2027.
- Adjusted EBITDA loss $18.2M; real estate brokerage segment adjusted EBITDA loss $14.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1878897/000187889724000016/0001878897-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1878897/000187889724000016/doug-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001878897-24-000016

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