secwatch.observer — SEC 8-K summary
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Issuer:     Limoneira CO (LMNR)
CIK:        0001342423
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001342423-24-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limoneira Q1 net loss narrows on asset-lighter shift; revenue up 5% to $39.7M
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- Adjusted net loss per diluted share improved to $0.18 from $0.53; adjusted EBITDA loss narrowed 39% to $4.8M.
- Fresh lemon cartons sold 1.14M at avg $21.06/carton vs 1.31M at $18.88; brokered lemon sales grew to $2.9M.
- Company reiterates FY2024 guidance: fresh lemon volumes 5.0-5.5M cartons, avocado 7.0-8.0M lbs.
- Real estate joint venture completed Phase 1 sell-out (707 units); negotiating Phase 2, expanding total units to 2,050.
- CEO pauses sale of two non-strategic assets and abandons Chile packinghouse to focus on avocado expansion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342423/000134242324000005/0001342423-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342423/000134242324000005/lmnr-20240307.htm
  HTML page:      https://secwatch.observer/filing/0001342423-24-000005

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