{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-040619","form_type":"8-K","ticker":"LSF","cik":"0001650696","company_name":"Laird Superfood, Inc.","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.716894+00:00","generated_at":"2026-06-11T22:27:43.728578+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Laird Superfood Q2 net sales $7.7M, net loss $3.5M, gross margin up 610 bps to 24.3%","bullets":["Net sales $7.7M, down vs $8.1M Q1 2023 and $8.7M prior year; wholesale up 2.6% YoY; e-commerce down 20.1% YoY due to out-of-stock from Q1 product quality issue.","Gross margin 24.3%, up 610 bps from 18.2% a year ago, driven by transition to variable-cost co-manufacturing; net loss $3.5M ($0.38/sh) vs $4.9M ($0.54/sh) prior year.","Adjusted net loss $3.3M ($0.36/sh) improved from $6.2M ($0.68/sh) prior year; cash burn record low $1.4M; subscription base grew 10% sequentially, 21% YoY.","Amazon out-of-stock issue from Q1 expected to fully resolve in Q3 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-040619","json":"https://secwatch.observer/filing/0000950170-23-040619.json","markdown":"https://secwatch.observer/filing/0000950170-23-040619.md","text":"https://secwatch.observer/filing/0000950170-23-040619.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1650696/000095017023040619/0000950170-23-040619-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1650696/000095017023040619/lsf-20230809.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T22:27:43.728578+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":"d563c9d7823edf42d00844086919650ff3d17f28","claim":"Laird Superfood, Inc. reported second quarter ended June 30, 2023 results: revenue $7.7 million, net income $3.5 million, EPS $0.38 per diluted share.","evidence_excerpt":"Second Quarter 2023 Highlights • Net sales of $7.7 million compared to $8.1 million in the prior quarter, and $8.7 million in the prior year period. • Wholesale contributed 46% of total Net sales and increased 2.6% year-over-year, driven by distribution gains in the Retail channel, pricing, as well as velocity improvements behind new packaging and the re-branding campaign launched earlier this year. • E-commerce contributed 54% of total Net sales and decreased 20.1% year-over-year reflecting Amazon sales compression due to inventory out of stocks related to the previously discussed product quality issue experienced in Q1. We expect this out-of-stock issue to be fully resolved in the third quarter. Direct-to-consumer (“DTC”) revenues declined behind a strategic, planned reduction in Marketing spend, reflecting a 67% decrease in working media. This was offset by an increase in our subscription base which grew 10% sequentially and 21% compared to the prior year period. • Gross margin was","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1650696/000095017023040619/0000950170-23-040619-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$7.7 million"},{"label":"Net income","value":"$3.5 million"},{"label":"EPS","value":"$0.38 per diluted share"},{"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"}