---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-012097"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2024-04-16T23:59:59+00:00"
generated_at: "2026-06-03T22:26:31.406765+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings reports FY 2023 revenue down 36% but net loss improves 93% to $13.8M

## Summary
- Full-year revenue $33.2M vs $52.0M in 2022; gross margin rose 18 pts to 53%.
- Net loss from continuing ops improved 93% to $13.8M from $183.9M, driven by prior-year impairments and exit of unprofitable segments.
- EBITDA loss from continuing ops improved to $4.0M from $173.6M in 2022; cash used in ops fell 85% to $1.0M.
- Gain on debt extinguishment of $5.4M; exited Northern California cultivation facility in Q4.
- Q4 revenue steady at $8.1M; quarterly loss before tax of $6.3M included $3.2M of income tax-related interest/penalties.

## SEC filing metadata
- accession: 0001437749-24-012097
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2024-04-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774924012097/0001437749-24-012097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774924012097/unrv20240105_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-012097
- JSON: https://secwatch.observer/filing/0001437749-24-012097.json
- Plain text: https://secwatch.observer/filing/0001437749-24-012097.txt

## Key facts
- Earnings Releases
  BLUM HOLDINGS, INC. reported financial results for fourth quarter and year ended December 31, 2023.
  - Period: fourth quarter and year ended December 31, 2023
  - Result: reported results
  source text: Blum Holdings, Inc. (the “Company”) issued a press release announcing financial results for its fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1996210/000143774924012097/0001437749-24-012097-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.