---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-016956"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:44:28.327860+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings Q1 revenue down to $6.8M; net loss improves 61% to $3.0M

## Summary
- Q1 2024 revenue $6.8M, down from $8.1M in Q4 2023 due to closure of non-performing retail.
- Gross margin 53% for the fifth consecutive quarter above 50%.
- Operating expenses $6.1M, a 34% decrease from the prior quarter.
- Net loss from continuing operations $3.0M, improving 61% vs. Q4 2023.
- Divested final CA cultivation facility in Jan 2024; corporate reorganization complete, BLMH trading on OTCQB.

## SEC filing metadata
- accession: 0001437749-24-016956
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774924016956/0001437749-24-016956-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774924016956/blmh20240513_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-016956
- JSON: https://secwatch.observer/filing/0001437749-24-016956.json
- Plain text: https://secwatch.observer/filing/0001437749-24-016956.txt

## Key facts
- Earnings Releases
  BLUM HOLDINGS, INC. reported first quarter ended March 31, 2024 results: revenue $6.8 million, net income $3.0 million.
  - Period: first quarter ended March 31, 2024
  - Revenue: $6.8 million
  - Net income: $3.0 million
  - Result: reported results
  source text: First Quarter 2024 Highlights • The Company continued to eliminate non-performing legacy operations during the first quarter of 2024 and transitioned a single retail location to delivery only. As a result, revenue for the first quarter of 2024 was $6.8 million, down from $8.1 million in the previous quarter ended December 31, 2023. • For five consecutive quarters in a row, the Company has maintained a gross margin of above 50%, landing at 53% for the first quarter of 2024. • Operating expenses for the first quarter of 2024 were $6.1 million, a decrease of 34% compared to the fourth quarter of 2023. • Net loss from continuing operations for the first quarter of 2024 was $3.0 million, an improvement of 61% compared to the consecutive prior quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1996210/000143774924016956/0001437749-24-016956-index.htm

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