secwatch.observer — SEC 8-K summary
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Issuer:     Laird Superfood, Inc. (LSF)
CIK:        0001650696
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001437749-24-007464
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Laird Superfood posts first quarterly net income of $0.1M; gross margin 40.4%
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- Q4 net sales $9.2M (flat vs Q3, +2% YoY); DTC grew 10% YoY; wholesale +3% YoY.
- Gross margin 40.4% vs 31.0% in Q3 and -4.6% in Q4 2022; net income $0.1M ($0.01 EPS).
- Cash balance $7.7M, no debt; no going-concern language expected in 2023 10-K.
- Adjusted net income $20K; CEO calls Q4 best ever as public company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650696/000143774924007464/0001437749-24-007464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650696/000143774924007464/lsf20240130_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-007464

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer