---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-015364"
form_type: "8-K"
ticker: "LSF"
cik: "0001650696"
company_name: "Laird Superfood, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T10:35:05.709924+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Laird Superfood Q1 net sales up 22% to $9.9M; gross margin reaches 40%

## Summary
- Net sales of $9.9M vs $8.1M YoY (22% increase); e-commerce sales up 33%, wholesale up 10%.
- Gross margin of 40.0%, up from 23.1% YoY, driven by co-manufacturing shift and trade spend cuts.
- Net loss improved to $1.0M ($0.11 diluted loss) from $4.1M ($0.45 loss) YoY; adjusted net loss $1.0M.
- Raises 2024 net sales outlook to $38-42M (prior upper end) and gross margin guidance to 37-41%.
- Cash balance $7.3M, no debt; management expects sufficient cash into 2026 and beyond.

## SEC filing metadata
- accession: 0001437749-24-015364
- form_type: 8-K
- ticker: LSF
- cik: 0001650696
- company_name: Laird Superfood, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650696/000143774924015364/0001437749-24-015364-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650696/000143774924015364/lsf20240415_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-015364
- JSON: https://secwatch.observer/filing/0001437749-24-015364.json
- Plain text: https://secwatch.observer/filing/0001437749-24-015364.txt

## Key facts
- Earnings Releases
  Laird Superfood, Inc. reported the three months ended March 31, 2024 results: revenue $9.9 million, net income Net Loss was $1.0 million, or $0.11 per diluted share, EPS $0.11 per diluted share. Guidance raised.
  - Period: the three months ended March 31, 2024
  - Revenue: $9.9 million
  - Net income: Net Loss was $1.0 million, or $0.11 per diluted share
  - EPS: $0.11 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: the confidence that we have in our near-term financial results as well as the long-term strategies and financial future of Laird." First Quarter 2024 Highlights ● Net Sales of $ 9.9 million compared to $9.2 million in the prior quarter, and $ 8.1 million in the corresponding prior year period. ● Wholesale sales increased by 10% year-over-year and contributed 41% of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650696/000143774924015364/0001437749-24-015364-index.htm

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