secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001213900-24-044016
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024044016/0001213900-24-044016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024044016/ea0206143-8k_1847hol.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-044016

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