01—Abstract
Summary
Summary of the 8-K filed May 4, 2023. Cited figures are marked; the original filing is the authoritative source.
Coinbase Global, Inc. (COIN) filed an 8-K on May 4, 2023, to announce its Q1 2023 financial results and upcoming conference call.
The filing primarily furnishes a Shareholder Letter, which contains the detailed financial performance for the quarter ended March 31, 2023. Investors are directed to this Shareholder Letter for comprehensive information, including a reconciliation of GAAP to non-GAAP financial measures. Coinbase emphasizes its commitment to transparency by disclosing material information through various channels, including SEC filings, its website, blog, social media, and public calls.
02—Key points
Key Highlights
- Coinbase is releasing its Q1 2023 financial results via a furnished Shareholder Letter as part of an 8-K filing.
- A conference call to discuss the Q1 2023 financial results will be held on May 4, 2023.
- The Shareholder Letter contains the detailed financial performance for the quarter ending March 31, 2023.
- The filing notes that non-GAAP financial information will be used in the Shareholder Letter and conference call.
- A reconciliation between GAAP and non-GAAP financial results is provided within the Shareholder Letter.
- Coinbase reiterates its commitment to disseminating material information through multiple public channels to ensure investor awareness.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to announce Coinbase's Q1 2023 financial results and to furnish a Shareholder Letter that details these results. It also serves to announce an upcoming conference call to discuss the financial performance.
Where can I find the detailed Q1 2023 financial results?
The detailed Q1 2023 financial results are primarily located within the Shareholder Letter, which is furnished as Exhibit 99.1 to this 8-K filing. Investors should refer to this document for comprehensive information.
Will Coinbase be using non-GAAP financial measures?
Yes, Coinbase has stated that it will be making reference to non-GAAP financial information in both the Shareholder Letter and the conference call. A reconciliation of these non-GAAP measures to GAAP results is available in the Shareholder Letter.
How does Coinbase communicate material information to investors?
Coinbase communicates material information through various channels including SEC filings, its corporate website, its blog, press releases, public conference calls and webcasts, and its social media feeds (Twitter, Facebook, LinkedIn, YouTube), as well as the personal Twitter feed of its CEO.
04—Continue