secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001213900-24-033797
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024033797/0001213900-24-033797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024033797/ea0204094-8k_1847hol.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-033797

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer