Laird Superfood Q3 net sales $8.8M; gross margin up 520 bps sequentially to 23.4%

Laird Superfood, Inc.

2022-Q3 EPS reported -$2.71 revenue$26,858,864

Net sales of $8.8M, down 19% YoY from $10.9M; online accounted for 66% of total.
Gross margin 23.4%, up 520 bps sequentially but down 600 bps YoY on fixed-cost deleverage.
Net loss $5.7M ($0.63/diluted share); adjusted net loss $5.6M ($0.61), improved from Q2's $6.2M.
Full-year 2022 guidance reaffirmed; no specific updated figures provided.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Laird Superfood, Inc. reported quarter ended September 30, 2022 results: revenue $8.8 million, net income Net Loss of $5.7 million, EPS $0.63 per diluted share. Guidance reaffirmed.

Period: quarter ended September 30, 2022
Revenue: $8.8 million
Net income: Net Loss of $5.7 million
EPS: $0.63 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

American: LSF) (“Laird Superfood,” “we” and “our”), today reported financial results for its third quarter ended September 30, 2022. Third Quarter 2022 Highlights • Net Sales of $8.8 million compared to $8.7 million in the second quarter of 2022 and $10.9 million in the prior year period. • Online contributed 66% of total Net Sales and decreased 8.3% year-over-year

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Source: SEC EDGAR

accession 0000950170-22-024428

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