Duolingo Files 8-K/A Amendment

Ticker: DUOL · Form: 8-K/A · Filed: May 10, 2024

Sentiment: neutral

Topics: amendment, disclosure, financial-reporting

Related Tickers: DUOL

TL;DR

Duolingo filed an amendment to its 8-K, cleaning up previous disclosures.

AI Summary

Duolingo, Inc. filed an amendment (8-K/A) on May 10, 2024, to its previous report dated May 8, 2024. This amendment pertains to the "Results of Operations and Financial Condition" and "Financial Statements and Exhibits" sections. The filing does not introduce new financial figures but amends the description of the items previously reported.

Why It Matters

This filing is an amendment to a previous report, indicating a correction or clarification of information previously disclosed by Duolingo, Inc.

Risk Assessment

Risk Level: low — This is a routine amendment to a previous filing, not indicating new material events or financial changes.

Key Players & Entities

FAQ

What is the purpose of this 8-K/A filing?

This 8-K/A filing serves as an amendment to a previous report, specifically addressing the 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' sections.

When was the original event reported that this amendment relates to?

The earliest event reported that this amendment relates to was on May 8, 2024.

What is Duolingo, Inc.'s state of incorporation?

Duolingo, Inc. is incorporated in Delaware.

What is the principal executive office address for Duolingo, Inc.?

The principal executive offices are located at 5900 Penn Avenue, Pittsburgh, Pennsylvania 15206.

Does this amendment introduce new financial results?

No, the filing indicates it amends the description of items previously reported, rather than introducing new financial figures.

Filing Stats: 746 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2024-05-09 21:32:07

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On May 8, 2024, Duolingo, Inc. (the "Company") issued a press release announcing the financial results of the Company for the three months ended March 31, 2024 (the "Earnings Release") and furnished with the Original 8-K as Exhibit 99.2 thereto (the "Original 8-K Exhibit") a Shareholder Letter, dated May 8, 2024 (the "Original Shareholder Letter"). The Original Shareholder Letter was also posted to the Company's website at investors.duolingo.com. On May 9, 2024, the Company learned of a technical error with the system through which the Original 8-K was filed with the SEC's EDGAR system and that the information contained in the bar charts shown on page 9 of the Original 8-K Exhibit and in the bar charts under the heading "Non-GAAP Operating Expenses (% of Revenue)" on page 10 of the Original 8-K Exhibit were not correctly reflected. The sole purpose of this Amendment is to correct the Original 8-K Exhibit so that the bar charts are correctly reflected in the version of the Original Shareholder Letter on file with the SEC. The Original Shareholder Letter posted to the Company's website correctly reflects these bar charts and remains unchanged. No other information in the Original 8-K Exhibit was incorrectly presented. This Amendment should be read in conjunction with the Earnings Release. In accordance with General Instruction B.2 of Form 8-K, the information in this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.2 attached hereto, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 99.2 Shareholder Letter, dated May 8, 2024, as corrected 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DUOLINGO, INC. Date: May 9, 2024 By: /s/ Matthew Skaruppa Matthew Skaruppa Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)

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