earnings
confidence high
sentiment positive
materiality 0.75
1847 Holdings Q1 loss widens; signs LOI to sell CMD for $65M cash (3x cost)
1847 Holdings LLC
- Continuing ops revenue $1.2M, down from $2.8M YoY; total operating expenses down 53% to $2.0M.
- Loss from operations improved to -$0.8M vs -$1.4M; net loss from continuing ops -$3.8M vs -$1.6M.
- Positive cash flow from continuing ops of $0.7M vs $0.4M prior year.
- CMD (discontinued ops) contributed $8.2M revenue, net income $0.4M in Q1.
- Non-binding LOI for all-cash sale of CMD at $65M; acquired Dec 2024 for $18.75M.
item 2.02item 9.01