Laird Superfood Q3 net loss $1.0M on $12.9M revenue (+10% YoY); gross margin falls to 36.5%

Laird Superfood, Inc.

Net Sales of $12.9M, up 10% YoY; Laird Superfood brand +14%, Picky Bars -45%.
Net Loss of $1.0M ($0.09/share) vs $0.2M loss in prior year; adjusted EBITDA positive $0.2M.
Gross Margin 36.5% vs 43.0% prior year; decline due to supplier settlement non-recurrence, commodity inflation, tariffs.
Wholesale sales up 39% YoY (53% of total); e-commerce down 11% (47% of total).
Positive cash flow of $1.1M; CEO cites double-digit growth and distribution gains.

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