01—Abstract
Summary
Summary of the 8-K filed August 3, 2023. Cited figures are marked; the original filing is the authoritative source.
Coinbase Global, Inc. (COIN) filed an 8-K on August 3, 2023, to announce its financial results for the quarter ended June 30, 2023.
The primary purpose of this filing is to furnish the accompanying Shareholder Letter, which provides detailed information about the company's performance and outlook. Investors should note that this information, including the Shareholder Letter, is furnished and not officially "filed" with the SEC, meaning it does not trigger certain liabilities under the Exchange Act unless specifically incorporated into other SEC filings. The Shareholder Letter, which will be discussed further on a conference call scheduled for August 3, 2023, is the key document for understanding Coinbase's Q2 2023 financial results.
The filing also notes that Coinbase will be referencing non-GAAP financial measures, with reconciliations provided within the Shareholder Letter. Investors are encouraged to review all public disclosures from Coinbase, including its website, blog, social media channels, and press releases, for a comprehensive view of material information.
02—Key points
Key Highlights
- Coinbase announced its financial results for the quarter ended June 30, 2023, via an 8-K filing.
- The filing includes a furnished Shareholder Letter (Exhibit 99.1) detailing the Q2 2023 results.
- A conference call will be held on August 3, 2023, to discuss the Q2 financial results.
- The company will be presenting non-GAAP financial information, with reconciliations available in the Shareholder Letter.
- Information furnished via this 8-K is not deemed 'filed' under Section 18 of the Exchange Act unless specifically referenced in another filing.
- Coinbase emphasizes its use of multiple channels (website, blog, social media, press releases) to disseminate 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 quarter ended June 30, 2023, and to furnish the accompanying Shareholder Letter (Exhibit 99.1) which contains these results and further details.
When will investors be able to hear more about the Q2 2023 results?
Coinbase will hold a conference call on August 3, 2023, to discuss its financial results for the quarter ended June 30, 2023. The Shareholder Letter provides the details discussed on this call.
Does this filing mean Coinbase's Q2 results are officially 'filed' with the SEC?
No, the information furnished with this Item 2.02, including the Shareholder Letter, is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it automatically incorporated by reference into other filings. It is provided for informational purposes unless specifically referenced in another SEC filing.
Will Coinbase be using GAAP or non-GAAP financial measures?
Coinbase will be referencing non-GAAP financial information in its discussion of Q2 results. A reconciliation of GAAP to non-GAAP results is provided within the Shareholder Letter furnished with this 8-K.
04—Continue