1847 Holdings Q1 revenue up 15% to $14.9M; net loss from continuing ops $11.2M

1847 Holdings LLC

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

Revenue $14.9M (+15% YoY); gross profit $5.6M (+13.3%); automotive supplies segment up 41% to $1.8M.
Net loss from continuing ops $11.2M vs net income $1.2M in Q1 2023, driven by higher professional fees and debt discount amortization.
LOI to sell 1847 Cabinets for $27.6M (5.91x 2023 EBITDA); expected close within 90 days.
Non-binding LOI to acquire a Las Vegas millwork/cabinetry/door manufacturer for $16.75M (3.2x 2023 EBITDA).
Divested Asien's Appliance; recognized $1.1M gain and expects $10.9M annual expense reduction.

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 the first quarter ended March 31, 2024 results: revenue $14,913,497.

Period: the first quarter ended March 31, 2024
Revenue: $14,913,497
Result: reported results

Exact text from the filing

(PRESS RELEASE ISSUED ON MAY 16, 2024) --- EX-99.1 2 ea020614301ex99-1_1847hol.htm PRESS RELEASE ISSUED ON MAY 16, 2024 Exhibit 99.1 1847 Reports 15.0% Increase in Revenue to $14.9 Million for the First Quarter of 2024 Gross profit increases 13.3% in Q1 2024 vs Q1 2023 NEW YORK, NY / ACCESSWIRE / May 16, 2024 / 1847 Holdings LLC ("1847" or the "Company")

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Source: SEC EDGAR

accession 0001213900-24-044016

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