{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-007874","form_type":"8-K","ticker":"LSF","cik":"0001650696","company_name":"Laird Superfood, Inc.","filed_at":"2023-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.005455+00:00","generated_at":"2026-06-18T03:25:17.863672+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Laird Superfood Q4 net sales $9.0M; GAAP gross margin negative on $9.1M transition costs","bullets":["Q4 net sales $9.0M, down from $9.4M YoY; e-commerce 66% of sales fell 4.7% YoY.","GAAP gross margin (4.6)% from $9.1M one-time exit/disposal costs and a product quality issue.","Adjusted gross margin 19.0%; expects 7-10 point improvement to >30% by 2023 exit.","Operating cash burn reduced by $7.8M in 2022; further cash initiatives planned for 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-007874","json":"https://secwatch.observer/filing/0000950170-23-007874.json","markdown":"https://secwatch.observer/filing/0000950170-23-007874.md","text":"https://secwatch.observer/filing/0000950170-23-007874.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1650696/000095017023007874/0000950170-23-007874-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1650696/000095017023007874/lsf-20230314.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T03:25:17.863672+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"33407d87ddb57947a0c35769e76de2f1fd3bd95e","claim":"Laird Superfood, Inc. reported financial results for fiscal year ended December 31, 2022.","evidence_excerpt":"Laird Superfood, Inc. issued a press release announcing its financial results for the year ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1650696/000095017023007874/0000950170-23-007874-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended December 31, 2022"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fb1206ebe9f9021dd742175431d784239b66c78b","claim":"Laird Superfood, Inc. reported fourth quarter ended December 31, 2022 results: revenue $9.0 million.","evidence_excerpt":"was reduced by $7.8 million in 2022, and we are implementing a number of initiatives to further improve our cash burn rate in 2023\" Fourth Quarter 2022 Highlights • Net Sales of $9.0 million compared to $8.8 million in the third quarter of 2022 and $9.4 million in the prior year period. • E-commerce contributed 66% of total Net Sales and decreased 4.7% year-over-year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1650696/000095017023007874/0000950170-23-007874-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$9.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}