1847 reports 50.4% increase in revenue to $19.4 million for q2 2023

Gross profit increases 37.9% compared to the same period last year revenue increases 25.8% sequentially for the second quarter of 2023 reaffirms guidance for revenue in excess of $90 million new york, ny / accesswire / august 14, 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 three months ended june 30, 2023. q2 2023 highlights and subsequent events total revenue was $19.4m for q2 2023 compared to $12.9m in q2 2022, a 50.4% year-over-year increase q2 2023 revenue increased sequentially by 25.8% from the first quarter of 2023 gross profit was $6.9m in q2 2023 compared to $5.0m in q2 2022, a 37.9% year-over-year increase reaffirms prior guidance of 2023 revenue in excess of $90 million engaged spartan capital to explore strategic alternatives for asiens aimed at maximizing value for shareholders based on internal growth and favorable outlook appointed finance veteran michele a.
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