1847 reports 10.7% increase in revenue to $15.7 million for the year ended 2024

Gross profit increases 18.6% in 2024 vs 2023   new york city, ny / access newswire / march 31, 2025 / 1847 holdings llc ("1847" or the "company") (nyse american:efsh), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today provided a business update and reported financial results for the year-ended december 31, 2024. key financial highlights from continuing operations total revenue was $15.7m for the year-ended december 31, 2024 compared to $14.2m for the year-ended december 31, 2023, a 10.7% year-over-year increase gross profit was $7.8m for the year-ended december 31, 2024 compared to $6.6m for the year-ended december 31, 2023, an 18.6% year-over-year increase gross margin increased 330 basis points to 49.5% for the year-ended december 31, 2024, compared to 46.2% for the same period last year 2024 operational achievements and subsequent events exploring strategic alternatives for cmd inc. ("cmd") due to significant inbound interest from both strategic and financial sponsors reported cmd inc. strong revenue growth and profitability for fiscal year 2023 and nine months ended september 30, 2024 engaged two roads advisors to facilitate sale of wolo mfg.
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