1847 Holdings Q2 2024 net loss widens to $4.9M; revenue down 10.7% YoY but up 4% sequentially

1847 Holdings LLC

2024-Q2 EPS reported -$39.70 revenue$30,414,856

Revenue of $15.5M vs $17.4M in Q2 2023, a 10.7% decline; sequential growth of ~4% from Q1 2024.
Gross profit rose 14.2% YoY to $6.7M, driven by lower cost of revenues.
Loss from operations widened to $2.5M from $0.4M; net loss from continuing ops was $4.9M.
Eliminated $4.2M of debt via sale of ICU Eyewear; pursuing acquisition of a cabinetry/door manufacturer with $28.6M 2023 revenue.
Expects to close sale of a division of 1847 Cabinets by mid-September 2024.

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