1847 holdings announces positive restatement of financial results for subsidiary and reduction in loss from operations of approximately $3.6 million and increase in assets of $642,000 for 2022

New york, ny / accesswire / february 12, 2024 / 1847 holdings llc (nyse american:efsh) ("1847 holdings" or the "company"), 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 announced that it has restated the financial results of its subsidiary icu eyewear holdings, inc. ("icu") for the fiscal years ending december 31, 2021 and december 31, 2022. the financial impact of the restatement on icu was a decrease in loss from operations of approximately $3.6 million for the year ended december 31, 2022, and an increase in total assets of $642,000, as well as a decrease in accumulated deficit as of december 31, 2022.
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