1847 Holdings Q2 2023 revenue up 50.4% to $19.4M, net loss widens to $3.97M

1847 Holdings LLC

2023-Q2 EPS reported -$1.04 revenue$34,794,277

Revenue $19.4M (+50.4% YoY); gross profit $6.9M (+37.9% YoY).
Net loss from continuing ops $3.97M vs $0.15M loss in Q2 2022, due to $2.23M interest and $0.93M tax.
Reaffirms FY2023 revenue guidance above $90M.
Engaged Spartan Capital to explore strategic alternatives for Asiens subsidiary.
Appointed Michele A. Chow-Tai to Board; completed unsecured debt financing with institutional investors.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

1847 Holdings LLC reported the three months ended June 30, 2023 results: revenue $19,390,739. Guidance reaffirmed.

Period: the three months ended June 30, 2023
Revenue: $19,390,739
Guidance: reaffirmed
Result: reported results

Exact text from the filing

in such a filing. --- EX-99.1 (PRESS RELEASE) --- EX-99.1 2 ea183279-8kex99i_1847hold.htm PRESS RELEASE Exhibit 99.1 1847 Reports 50.4% Increase in Revenue to $19.4 Million for Q2 2023 Gross profit increases 37.9% compared to the same period last year Revenue increases 25.8% sequentially for the second quarter of 2023 Reaffirms guidance for revenue

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Source: SEC EDGAR

accession 0001213900-23-067256

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