secwatch.observer — SEC 8-K summary
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Issuer:     Laird Superfood, Inc. (LSF)
CIK:        0001650696
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0000950170-23-007874
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650696/000095017023007874/0000950170-23-007874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650696/000095017023007874/lsf-20230314.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-007874

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