1847 reports 59.6% increase in revenue to $48.9 million for fiscal 2022

Raises guidance for 2023 and now projects revenue in excess of $90 million new york, ny / accesswire / march 31, 2023 / 1847 holdings llc ("1847" or the "company") (nyse american:efsh), a unique holding company that combines the attractive attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today provided a business update and reported financial results for the year ended december 31, 2022. fiscal 2022 highlights and subsequent events total revenue was $48.9m in 2022 compared to $30.7m in 2021, a 59.6% increase year-over-year gross profit was $15.7m in 2022 compared to $10.6m in 2021, a 48.7% increase year-over-year declared a dividend in the form of warrants to purchase the company's common shares at $4.20 per common share leveraged construction and cabinetry segments and expanded presence in target markets began trading on the nyse american on august 3, 2022 closed acquisition of icu eyewear holdings, inc., a leading eyewear designer with revenue in excess of $19.0 million and $1.7 million of adjusted ebitda in 2021 mr.
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