secwatch.observer — SEC 8-K summary
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Issuer:     Limoneira CO (LMNR)
CIK:        0001342423
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001342423-23-000035
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limoneira Q4 revenue up 4% to $41.4M; net loss per share $0.20; FY2024 guidance; Harvest proceeds raised to $131M
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- Q4 revenue $41.4M (+4% YoY); operating loss $9.7M vs loss $1.9M; net loss $0.20/diluted share.
- Full year 2023 revenue $179.9M (down from $184.6M); net income $0.50/diluted share vs loss $0.04.
- Net debt reduced to $37.4M from $104.1M; sold Northern Properties for $98.4M net proceeds.
- Expected total proceeds from Harvest at Limoneira increased 14% to $131M over nine years; Phase 1 sell-out completed.
- FY2024 fresh lemon volume guidance 5.0-5.5M cartons; avocado volume 7.0-8.0M lbs; exploring strategic alternatives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342423/000134242323000035/0001342423-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342423/000134242323000035/lmnr-20231221.htm
  HTML page:      https://secwatch.observer/filing/0001342423-23-000035

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