---
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"
generated_at: "2026-06-18T03:25:17.863672+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Laird Superfood Q4 net sales $9.0M; GAAP gross margin negative on $9.1M transition costs

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-007874
- JSON: https://secwatch.observer/filing/0000950170-23-007874.json
- Plain text: https://secwatch.observer/filing/0000950170-23-007874.txt

## Key facts
- Earnings Releases
  Laird Superfood, Inc. reported financial results for fiscal year ended December 31, 2022.
  - Period: fiscal year ended December 31, 2022
  - Result: reported results
  source text: Laird Superfood, Inc. issued a press release announcing its financial results for the year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650696/000095017023007874/0000950170-23-007874-index.htm
- Earnings Releases
  Laird Superfood, Inc. reported fourth quarter ended December 31, 2022 results: revenue $9.0 million.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: $9.0 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1650696/000095017023007874/0000950170-23-007874-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.