Blum Holdings reports preliminary FY2023 revenue $33.0M from continuing retail ops; Q4 retail $8.0M

BLUM HOLDINGS, INC.

Preliminary FY2023 revenue from continuing operations $33.0M; prior year cultivation recast as discontinued ops.
Q4 quarter-on-quarter retail revenue fell to $8.0M from $8.4M; gross profit margin 53%.
Total transactions grew 5% YoY; Oakland store transactions up 29% YoY.
Completed comprehensive corporate restructuring; new board, management, and holding company structure.
Significant debt reduction achieved; expects ticker change to BLMH after 20 business days.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BLUM HOLDINGS, INC. reported fiscal year ended December 31, 2023 results: revenue $33.0 million.

Period: fiscal year ended December 31, 2023
Revenue: $33.0 million
Result: preliminary results

Exact text from the filing

the Company for sustainable growth and operational efficiency. ● Financial Performance and Retail Operations Focus: Revenue from continuing operations for fiscal year 2023 was $ 33.0 million, a reflection of our pivot to retail-centric operations. Prior year cultivation-related figures are now treated as discontinued operations. ● Quarterly Resilience:

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BLUM HOLDINGS, INC. reported fourth quarter ended December 31, 2023 results: revenue $8.0 million.

Period: fourth quarter ended December 31, 2023
Revenue: $8.0 million
Result: preliminary results

Exact text from the filing

Quarter-on-quarter retail revenue remained materially consistent with Q3 revenue, falling from $8.4 million to $8.0 million.

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BLUM HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001437749-24-003208

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