Laird Superfood Q3 net sales $9.2M, gross margin 31%, net loss narrows to $2.7M

Laird Superfood, Inc.

2023-Q3 EPS reported -$1.11 revenue$25,016,810

Net sales $9.2M versus $7.7M in Q2 2023 and $8.8M in Q3 2022; YoY growth of 4.5%.
Gross margin 31.0%, up 758 bps from 23.4% in Q3 2022, driven by co-manufacturing model.
Net loss $2.7M ($0.28 per share) compared to $5.7M ($0.63) in Q3 2022; improvement from margin expansion and lower spend.
Wholesale sales up 42.8% YoY (47% of total); e-commerce down 16.6% (53% of total) due to planned media reduction and prior out-of-stock issue now resolved.
Adjusted net loss $2.8M ($0.30 per share) versus $5.6M ($0.61) in prior year period.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Laird Superfood, Inc. reported financial results for three and nine months ended September 30, 2023.

Period: three and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 8, 2023, Laird Superfood, Inc. issued a press release announcing its financial results for the three and nine months ended September 30, 2023.

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Source: SEC EDGAR

accession 0001437749-23-030980

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