01—Abstract
Summary
Summary of the 8-K filed November 9, 2021. Cited figures are marked; the original filing is the authoritative source.
Coinbase Global, Inc. (COIN) filed an 8-K on November 9, 2021, to announce its financial results for the third quarter ended September 30, 2021.
The filing primarily directs investors to a furnished Shareholder Letter (Exhibit 99.1) and an upcoming conference call for detailed financial performance information. Investors should note that the information furnished, including the Shareholder Letter, is not considered "filed" for regulatory purposes and thus may not be subject to the same liabilities as a formally filed document. Coinbase also stated its intention to use non-GAAP financial measures in its reporting, with a reconciliation provided in the Shareholder Letter.
The company emphasizes its commitment to transparent communication by disclosing material information through various channels, including SEC filings, its official website, blog, press releases, and social media platforms like Twitter, Facebook, LinkedIn, and YouTube, as well as through its CEO's Twitter feed. Investors are encouraged to monitor these diverse sources for comprehensive updates on Coinbase's performance and strategic communications.
02—Key points
Key Highlights
- Coinbase announced its Q3 2021 financial results via an 8-K filing on November 9, 2021.
- The primary source for detailed financial results and performance commentary is a furnished Shareholder Letter (Exhibit 99.1).
- A conference call to discuss Q3 2021 results was scheduled for November 9, 2021.
- The company will be referencing non-GAAP financial information, with reconciliations available in the Shareholder Letter.
- Information furnished in the 8-K, including the Shareholder Letter, is not "filed" for Section 18 purposes.
- Coinbase utilizes multiple channels (website, blog, social media, press releases) for disseminating material information to investors.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to announce Coinbase's financial results for the third quarter ended September 30, 2021, and to direct investors to the Shareholder Letter and an associated conference call for detailed information.
Where can I find the detailed Q3 2021 financial results?
Detailed financial results and commentary for Q3 2021 can be found in the Shareholder Letter, furnished as Exhibit 99.1 to this 8-K filing, and will be discussed on the conference call.
Are the results presented in the Shareholder Letter considered officially 'filed'?
No, the information furnished in this 8-K, including the Shareholder Letter, is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. It is provided for informational purposes.
Does Coinbase use non-GAAP financial measures?
Yes, Coinbase indicates that it will be referencing non-GAAP financial information. A reconciliation of GAAP to non-GAAP results is provided within the Shareholder Letter.
04—Continue