1847 reports 29.8% increase in revenue to $18.8 million for q3 2023

Gross profit increases 64.9% compared to the same period last year new york, ny / accesswire / november 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 september 30, 2023. q3 2023 highlights and subsequent events total revenue was $18.8m for q3 2023 compared to $14.5m in q3 2022, a 29.8% year-over-year increase gross profit was $8.0m in q3 2023 compared to $4.9m in q3 2022, a 64.9% year-over-year increase 1847 cabinets expanded relationship with one of the nation's leading home builders regained compliance with nyse american continued listing standards completed refinancing and upsizing of $15 million revolving credit facility for its subsidiary, icu eyewear expanded its subsidiary, wolo manufacturing corp, into india through supply chain diversification program restructured promissory notes to non-dilutive debt instruments mr.
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