1847 Holdings Q3 revenue up 115% to $14.5M; net loss widens to $4.47M

1847 Holdings LLC

2022-Q3 EPS reported -$8.08 revenue$39,437,482

Revenue $14.5M in Q3 2022, up 115% YoY; gross profit $4.9M, up 125.5%.
Net loss from continuing ops $4.47M vs $0.97M loss in Q3 2021, driven by $1.88M interest and $2.04M debt extinguishment loss.
Declared $0.13125/share dividend paid Oct 17, 2022; expects 2023 dividend exceeding $2M.
Reaffirms 2023 guidance: revenue >$60M, gross margin ~40%, operating cash flow >$7M.
Considering a rights offering of warrants to shareholders.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

1847 Holdings LLC reported the third quarter ended September 30, 2022 results: revenue $14,472,361, net income $4,472,622 loss. Guidance reaffirmed.

Period: the third quarter ended September 30, 2022
Revenue: $14,472,361
Net income: $4,472,622 loss
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Total revenues were $14,472,361 for the three months ended September 30, 2022, as compared to $6,735,028 for the three months ended September 30, 2021.

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Source: SEC EDGAR

accession 0001213900-22-072260

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