secwatch.observer — SEC 8-K summary
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Issuer:     Laird Superfood, Inc. (LSF)
CIK:        0001650696
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001437749-23-030980
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650696/000143774923030980/0001437749-23-030980-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650696/000143774923030980/lsf20231012_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-030980

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