1847 Holdings posts 59.2% Q4 revenue growth to $15.1M, but auditor includes going concern

1847 Holdings LLC

2024-Q1 EPS reported -$4.38 revenue$14,913,497

Q4 2023 revenue $15.1M (+59.2% YoY), gross profit $2.7M (+99.8%), gross margin 18.2% (+370 bps).
Full year 2023 revenue $68.7M (+40.4% YoY), gross profit $23.5M (+49.9%), gross margin 34.3% (+220 bps).
Auditor's report includes going concern uncertainty (NYSE American requires disclosure).
Signed non-binding LOI to acquire a millwork, cabinetry, and door manufacturer for $16.75M (~3.2x 2023 EBITDA).
Received non-binding LOI to sell subsidiary 1847 Cabinets Inc. for up to $27M.

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 0.95

1847 Holdings LLC reported financial results for the year ended December 31, 2023.

Period: the year ended December 31, 2023
Result: reported results

Exact text from the filing

On April 17, 2024, 1847 Holdings LLC issued a press release regarding its financial results for the year ended December 31, 2023.

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1847 Holdings LLC filing history →

Source: SEC EDGAR

accession 0001213900-24-033797

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