earnings
confidence high
sentiment negative
materiality 0.65
Laird Superfood Q2 adjusted net loss $6.3M ($0.69/share); revenue $8.7M down 6%
Laird Superfood, Inc.
2022-Q2 EPS reported
-$2.09
revenue$18,014,019
- Net loss $4.9M ($0.54 diluted EPS) vs $6.3M ($0.70) in Q2 2021.
- Net sales $8.7M, down 6% YoY; online sales down 11%, wholesale up 4%.
- Gross margin 18.2% vs 23.8% prior year; gross profit $1.6M vs $2.2M.
- Adjusted net loss $6.3M ($0.69 per share) vs $6.3M ($0.70) YoY.
- Net cash used in operations improved 33% YoY; no guidance provided.