---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-020481"
form_type: "8-K"
ticker: "LSF"
cik: "0001650696"
company_name: "Laird Superfood, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:32:52.901226+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "medium"
source: SEC EDGAR
---

# Laird Superfood Q1 net sales $8.1M (-13% YoY); gross margin improves to 23.1%

## Summary
- Net sales $8.1M vs $9.3M in Q1 2022, a 13% decline.
- Gross margin 23.1% vs 20.9% a year ago and (4.6)% in Q4 2022.
- Adjusted gross margin (non-GAAP) 27.0%, excluding one-time raw material quality costs.
- E-commerce sales down 18.4% YoY; wholesale down 5.9% (flat ex one-time charges).
- Completed supply chain transformation to co-manufacturing, reducing fixed overhead.

## SEC filing metadata
- accession: 0000950170-23-020481
- form_type: 8-K
- ticker: LSF
- cik: 0001650696
- company_name: Laird Superfood, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650696/000095017023020481/0000950170-23-020481-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650696/000095017023020481/lsf-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-020481
- JSON: https://secwatch.observer/filing/0000950170-23-020481.json
- Plain text: https://secwatch.observer/filing/0000950170-23-020481.txt

## Key facts
- Earnings Releases
  Laird Superfood, Inc. reported first quarter ended March 31, 2023 results: revenue Net Sales of $8.1 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: Net Sales of $8.1 million
  - Result: reported results
  source text: American: LSF) (“Laird Superfood,” “we” and “our”), today reported financial results for its first quarter ended March 31, 2023. First Quarter 2023 Highlights • Net Sales of $8.1 million, in line with our annual operating plan, compared to $9.3 million in the prior year period. • Wholesale contributed 45% of total Net Sales and decreased 5.9% year-over-year,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650696/000095017023020481/0000950170-23-020481-index.htm

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