1847 reports 59.2% increase in revenue to $15.1 million for the fourth quarter of 2023

Gross profit increases 99.8% in q4 2023 vs q4 2022 new york, ny / accesswire / april 17, 2024 / 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, 2023. key financial highlights total revenue was $15.1m in q4 2023 compared to $9.5m in q4 2022, a 59.2% year-over-year increase gross profit was $2.7m in q4 2023 compared to $1.4m in q4 2022, a 99.8% year-over-year increase gross margin increased 370 basis points to 18.2% in q4 2023, compared to 14.5% for the same period last year total revenue was $68.7m for the year-ended december 31, 2023, compared to $48.9m for the year-ended december 31, 2022, a 40.4% year-over-year increase gross profit was $23.5m for the year-ended december 31, 2023 compared to $15.7m for the year-ended december 31, 2022, a 49.9% year-over-year increase gross margin increased 220 basis points to 34.3% in 2023, compared to 32.1% for the same period last year mr.
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