secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0001213900-24-070446
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024070446/0001213900-24-070446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024070446/ea021166901-8k_1847hold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-070446

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