secwatch.observer — SEC 8-K summary
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Issuer:     Laird Superfood, Inc. (LSF)
CIK:        0001650696
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950170-23-020481
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650696/000095017023020481/0000950170-23-020481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650696/000095017023020481/lsf-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-020481

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer