8-K
filed May 15, 2023, 7:59 PM ET
ticker LBRA
CIK 0001599407
earnings
confidence high
sentiment positive
materiality 0.75
1847 Holdings Q1 revenue $15.4M (+27.6%), net income $1.0M; reaffirms >$90M FY2023 guidance
1847 Holdings LLC
2023-Q1 EPS reported
-$0.20
revenue$15,403,538
- Revenue $15.4M (+27.6% YoY); net income $1.0M vs loss of $927K in Q1 2022.
- Gross profit $5.8M (+35.0%); gross margin improved to 37.9% from 35.8%.
- Reaffirms 2023 revenue guidance in excess of $90 million.
- Dividends on common shares delayed; company reinvesting in subsidiaries for growth.
- Shareholders approved issuance of shares upon conversion of notes/warrants and 2023 Equity Incentive Plan.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
1847 Holdings LLC reported the three months ended March 31, 2023 results: revenue $15,403,538, net income $1,047,481. Guidance reaffirmed.
- Period
- the three months ended March 31, 2023
- Revenue
- $15,403,538
- Net income
- $1,047,481
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
(PRESS RELEASE ISSUED ON MAY 15, 2023) --- EX-99.1 2 ea178513ex99-1_1847hold.htm PRESS RELEASE ISSUED ON MAY 15, 2023 Exhibit 99.1 1847 Reports 27.6% Increase in Revenue to $15.4 Million and Achieves Profitability for Q1 2023 Gross profit increases 35.0% compared to the same period last year Reaffirms guidance for revenue in excess of $90 million NEW YORK, NY /
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
1847 Holdings LLC shareholders approved Ratification of the appointment of Sadler, Gibb & Associates, LLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-05-09 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Proposal 2: The Company’s shareholders ratified the appointment of Sadler, Gibb & Associates, LLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The votes regarding this proposal were as follows: Votes For Votes Against Abstentions 2,863,132 11,171 8,446
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
1847 Holdings LLC shareholders approved Election of six directors to the Board of Directors of the Company to serve until the next annual meeting of shareholders. at the 2023-05-09 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Proposal 1: The Company’s shareholders elected six directors to the Board of Directors of the Company to serve until the next annual meeting of shareholders. The votes regarding this proposal were as follows: Votes For Votes Withheld Broker Non-Votes Ellery W. Roberts 2,134,125 12,153 736,471 Robert D. Barry 2,134,144 12,134 736,471 Clark R. Crosnoe 2,132,764 13,514 736,471 Paul A. Froning 2,137,129 9,149 736,471 Tracy S. Harris 2,132,794 13,484 736,471 Lawrence X. Taylor 2,130,764 15,514 736,471
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
1847 Holdings LLC shareholders approved Approval of the issuance of common shares upon the conversion of promissory notes and the exercise of warrants issued to certain investors. at the 2023-05-09 meeting.
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Proposal 5: The Company’s shareholders approved the issuance of common shares upon the conversion of promissory notes and the exercise of warrants issued to certain investors. The votes regarding this proposal were as follows: Votes For Votes Against Abstentions Broker Non-Votes 2,090,958 54,992 328 736,471
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
1847 Holdings LLC shareholders approved Advisory vote on the frequency of advisory votes on the compensation of the Company’s named executive officers. at the 2023-05-09 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Proposal 4: The Company’s shareholders conducted an advisory vote on the frequency of advisory votes on the compensation of the Company’s named executive officers. The votes regarding this proposal were as follows: One Year Two Years Three Years Abstentions Broker Non-Votes 641,555 63,221 1,084,054 357,448 736,471
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
1847 Holdings LLC shareholders approved Approval of the Company’s 2023 Equity Incentive Plan. at the 2023-05-09 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Proposal 6: The Company’s shareholders approved the Company’s 2023 Equity Incentive Plan. The votes regarding this proposal were as follows: Votes For Votes Against Abstentions Broker Non-Votes 2,083,532 50,746 12,000 736,471
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
1847 Holdings LLC shareholders approved Advisory vote on the compensation of the Company’s named executive officers. at the 2023-05-09 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Proposal 3: The Company’s shareholders conducted an advisory vote on the compensation of the Company’s named executive officers. The votes regarding this proposal were as follows: Votes For Votes Against Abstentions Broker Non-Votes 2,122,039 24,115 124 736,471
View on SEC.gov
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