Latest news with #EFSH
Yahoo
4 days ago
- Business
- Yahoo
1847 Holdings Reports 380% Revenue Growth to $12.8 Million in Q2 2025
Gross Profit Rises 462% to $6.7 Million Net Income from Continuing Operations Improved by $26.6 Million to $23.7 Million Revenue for First Half of 2025 Increased 382% to $22.9 Million, a $18.1 Million Increase from Prior Year Generated $973,606 in Positive Cash Flow from Continuing Operations in First Half of 2025, Marking a Significant Milestone Reaffirms 2025 Guidance for Net Income of ~$1.3 Million on Revenue of Over $45 Million; Projects 2026 Net Income of ~$5.0 Million on Revenue of More than $60 Million NEW YORK, NY, Aug. 15, 2025 (GLOBE NEWSWIRE) -- 1847 Holdings LLC ("1847" or the "Company") (Ticker: EFSH), a holding company specializing in identifying overlooked, deep-value investment opportunities in middle market businesses, today announced financial results for the three months ended June 30, 2025, and provided a business update. Second quarter 2025 financial highlights: Q2 2025 Q2 2024 Change Revenue $12.8 million $2.7 million +380.4% Gross Profit $6.7 million $1.2 million +461.8% Gross Margin 52.2% 44.6% +756 bps Operating Income (Loss) $2.5 million $(1.7 million) +$4.1 million Net Income (Loss) from Continuing Operations $23.7 million $(2.9 million) +$26.6 million Mr. Ellery W. Roberts, CEO of 1847, commented, 'In the second quarter of 2025, we delivered record results with revenue up 380% year-over-year to $12.8 million and gross profit increasing 462% to $6.7 million, driving gross margin growth of 756 basis points to 52.2%. Operating income improved by $4.1 million to $2.5 million, and net income from continuing operations achieved a $26.6 million improvement, reaching $23.7 million compared to a loss in the prior-year period. For the first half of 2025, revenue increased 382% to $22.9 million, an $18.1 million increase from the prior year, underscoring the strength and momentum of our business. Notably, the Company generated $973,606 in positive cash flow from continuing operations during the first half of 2025, marking a significant milestone for 1847.' 'We believe these results underscore our disciplined approach to value creation and our strategy of acquiring, enhancing, and monetizing undervalued businesses. We are reaffirming our 2025 guidance of revenue expected to exceed $45 million and net income of approximately $1.3 million. For 2026, we anticipate revenue to surpass $60 million with net income rising to approximately $5.0 million. Additionally, we have also initiated the process to transition our shares to the OTCID Basic Market and will announce the commencement date upon approval. At the right time, we plan to reapply for a national exchange listing as we continue executing our growth strategy and building long-term shareholder value' The Company has initiated the process of transitioning the trading of its common shares to the OTCID® Basic Market, operated by OTC Markets Group Inc. The Company has submitted an application for quotation, which is currently under review. The Company's application follows a determination by NYSE American to delist its common shares. As previously disclosed, the Company appealed the initial staff determination; however, on July 1, 2025, a Listing Qualifications Panel affirmed the decision to proceed with delisting. Trading on NYSE American has been suspended since April 3, 2025, and NYSE American filed a Form 25 is with the U.S. Securities and Exchange Commission on July 9, 2025 to formally complete the delisting process. Q2 2025 Financial Summary Revenues increased by $10,140,652, or 380.4%, to $12,806,457 for the three months ended June 30, 2025 from $2,665,805 for the three months ended June 30, 2024. The increase in revenues was primarily attributed to the acquisition of CMD, which contributed $11,223,360 to revenues for the three months ended June 30, 2025 Cost of revenues increased by $4,648,808, or 314.8%, to $6,125,355 for the three months ended June 30, 2025 from $1,476,547 for the three months ended June 30, 2024. Personnel costs increased by $906,281, or 83.2%, to $1,995,320 for the three months ended June 30, 2025 from $1,089,039 for the three months ended June 30, 2024. Total operating expenses were $10,333,149 compared to $4,329,841 in Q2 2024. This resulted in income from operations of $2,473,308, compared to a loss of $1,664,036 a year ago. Total other income, net, was $22,046,876 compared to an expense, net, of $1,590,795 in Q2 2024, mainly due to a gain on change in fair value of warrant liabilities of $24,053,885, partially offset by interest expense of $1,052,848, amortization of debt discounts of $472,680, and a loss on extinguishment of debt of $708,218. The foregoing factors resulted in net income from continuing operations of $23,680,184 for Q2 2025, versus a net loss of $2,946,831 in Q2 2024. As noted above, such net income was largely driven by the gain on change in fair value of warrant liabilities, as well as the operating income resulting from the significant revenues generated by CMD. About 1847 Holdings LLC 1847 Holdings LLC, a publicly traded diversified acquisition holding company, was founded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue, and Principal of Lazard Freres Strategic Realty Investors. 1847 Holdings' investment thesis is that capital market inefficiencies have left the founders and/or stakeholders of many small business enterprises or lower-middle market businesses with limited exit options despite the intrinsic value of their business. Given this dynamic, 1847 Holdings can consistently acquire businesses it views as "solid" for reasonable multiples of cash flow and then deploy resources to strengthen the infrastructure and systems of those businesses in order to improve operations. These improvements may lead to a sale or IPO of an operating subsidiary at higher valuations than the purchase price and/or alternatively, an operating subsidiary may be held in perpetuity and contribute to 1847 Holdings' ability to pay regular and special dividends to shareholders. For more information, visit For the latest insights, follow 1847 on Twitter. Forward-Looking Statements This press release may contain information about 1847 Holdings' view of its future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on our management's beliefs, assumptions and expectations of our future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause our actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include but are not limited to the risks set forth in "Risk Factors" included in our SEC filings. Contact:Crescendo Communications, LLCTel: +1 (212) 671-1020Email: EFSH@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
5 days ago
- Business
- Globe and Mail
1847 Holdings Reports 380% Revenue Growth to $12.8 Million in Q2 2025
Gross Profit Rises 462% to $6.7 Million Net Income from Continuing Operations Improved by $26.6 Million to $23.7 Million Revenue for First Half of 2025 Increased 382% to $22.9 Million, a $18.1 Million Increase from Prior Year Generated $973,606 in Positive Cash Flow from Continuing Operations in First Half of 2025, Marking a Significant Milestone Reaffirms 2025 Guidance for Net Income of ~$1.3 Million on Revenue of Over $45 Million; Projects 2026 Net Income of ~$5.0 Million on Revenue of More than $60 Million NEW YORK, NY, Aug. 15, 2025 (GLOBE NEWSWIRE) -- 1847 Holdings LLC ("1847" or the "Company") (Ticker: EFSH), a holding company specializing in identifying overlooked, deep-value investment opportunities in middle market businesses, today announced financial results for the three months ended June 30, 2025, and provided a business update. Second quarter 2025 financial highlights: Mr. Ellery W. Roberts, CEO of 1847, commented, 'In the second quarter of 2025, we delivered record results with revenue up 380% year-over-year to $12.8 million and gross profit increasing 462% to $6.7 million, driving gross margin growth of 756 basis points to 52.2%. Operating income improved by $4.1 million to $2.5 million, and net income from continuing operations achieved a $26.6 million improvement, reaching $23.7 million compared to a loss in the prior-year period. For the first half of 2025, revenue increased 382% to $22.9 million, an $18.1 million increase from the prior year, underscoring the strength and momentum of our business. Notably, the Company generated $973,606 in positive cash flow from continuing operations during the first half of 2025, marking a significant milestone for 1847.' 'We believe these results underscore our disciplined approach to value creation and our strategy of acquiring, enhancing, and monetizing undervalued businesses. We are reaffirming our 2025 guidance of revenue expected to exceed $45 million and net income of approximately $1.3 million. For 2026, we anticipate revenue to surpass $60 million with net income rising to approximately $5.0 million. Additionally, we have also initiated the process to transition our shares to the OTCID Basic Market and will announce the commencement date upon approval. At the right time, we plan to reapply for a national exchange listing as we continue executing our growth strategy and building long-term shareholder value' The Company has initiated the process of transitioning the trading of its common shares to the OTCID® Basic Market, operated by OTC Markets Group Inc. The Company has submitted an application for quotation, which is currently under review. The Company's application follows a determination by NYSE American to delist its common shares. As previously disclosed, the Company appealed the initial staff determination; however, on July 1, 2025, a Listing Qualifications Panel affirmed the decision to proceed with delisting. Trading on NYSE American has been suspended since April 3, 2025, and NYSE American filed a Form 25 is with the U.S. Securities and Exchange Commission on July 9, 2025 to formally complete the delisting process. Q2 2025 Financial Summary Revenues increased by $10,140,652, or 380.4%, to $12,806,457 for the three months ended June 30, 2025 from $2,665,805 for the three months ended June 30, 2024. The increase in revenues was primarily attributed to the acquisition of CMD, which contributed $11,223,360 to revenues for the three months ended June 30, 2025 Cost of revenues increased by $4,648,808, or 314.8%, to $6,125,355 for the three months ended June 30, 2025 from $1,476,547 for the three months ended June 30, 2024. Personnel costs increased by $906,281, or 83.2%, to $1,995,320 for the three months ended June 30, 2025 from $1,089,039 for the three months ended June 30, 2024. Total operating expenses were $10,333,149 compared to $4,329,841 in Q2 2024. This resulted in income from operations of $2,473,308, compared to a loss of $1,664,036 a year ago. Total other income, net, was $22,046,876 compared to an expense, net, of $1,590,795 in Q2 2024, mainly due to a gain on change in fair value of warrant liabilities of $24,053,885, partially offset by interest expense of $1,052,848, amortization of debt discounts of $472,680, and a loss on extinguishment of debt of $708,218. The foregoing factors resulted in net income from continuing operations of $23,680,184 for Q2 2025, versus a net loss of $2,946,831 in Q2 2024. As noted above, such net income was largely driven by the gain on change in fair value of warrant liabilities, as well as the operating income resulting from the significant revenues generated by CMD. About 1847 Holdings LLC 1847 Holdings LLC, a publicly traded diversified acquisition holding company, was founded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue, and Principal of Lazard Freres Strategic Realty Investors. 1847 Holdings' investment thesis is that capital market inefficiencies have left the founders and/or stakeholders of many small business enterprises or lower-middle market businesses with limited exit options despite the intrinsic value of their business. Given this dynamic, 1847 Holdings can consistently acquire businesses it views as "solid" for reasonable multiples of cash flow and then deploy resources to strengthen the infrastructure and systems of those businesses in order to improve operations. These improvements may lead to a sale or IPO of an operating subsidiary at higher valuations than the purchase price and/or alternatively, an operating subsidiary may be held in perpetuity and contribute to 1847 Holdings' ability to pay regular and special dividends to shareholders. For more information, visit For the latest insights, follow 1847 on Twitter. Forward-Looking Statements This press release may contain information about 1847 Holdings' view of its future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on our management's beliefs, assumptions and expectations of our future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause our actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include but are not limited to the risks set forth in "Risk Factors" included in our SEC filings.
Associated Press
04-04-2025
- Business
- Associated Press
1847 Holdings Receives Delisting Notice from the NYSE American
Company Expects to Move Forward with Previously Announced Exchange Offer NEW YORK CITY, NY / ACCESS Newswire / April 4, 2025 / (OTC PINK:EFSH) ('1847 Holdings' or the 'Company') today announced that it received notification from NYSE American LLC indicating that the staff of NYSE Regulation has determined to commence proceedings to delist the common shares of 1847 Holdings from NYSE American. Trading in the Company's common shares was suspended immediately. NYSE Regulation determined that the Company is no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE American Company Guide due to the low selling price of the common shares. The Company has a right to a review of the staff's determination to delist the Company's common shares by providing required notice on or before April 10, 2025. The Company anticipates that its common shares will now begin trading publicly on the OTC PINK Market under the symbol 'EFSH'. This transition to the OTC Markets is not expected to affect the Company's business operations, its relationships with partners or employees, or its current Securities and Exchange Commission reporting obligations. Shareholders do not need to take any action in connection with this transition. Once the Company's common shares commence trading on the OTC Pink Market investors should be able to trade shares through their existing brokerage accounts. The Company expects to move forward with a planned exchange offer (the 'Offer'). The Company recently announced that its board of directors approved a proposed Offer that will allow current shareholders to exchange their common shares for newly issued Series G Preferred Shares (the 'Preferred Shares'). The Offer will be made on the terms and subject to the conditions set forth in the Company's Offer to Exchange (as amended or supplemented from time to time, this 'Offer to Exchange') and the related exchange offer materials (collectively, the 'Offer Documents'). As soon as the Exchange Offer commences, the Company will file a Tender Offer Statement on Schedule TO with the Securities and Exchange Commission, which will include an Exchange Offer and related letter of transmittal. The Preferred Shares are expected to have a stated value of $0.15, subject to adjustments for share splits, mergers, recapitalizations, and similar events. The Preferred Shares are expected to carry a 15% annual cumulative cash dividend on their stated value, payable annually. The Company may, under the expected terms of the Offer, at its sole option, redeem the Preferred Shares at 110% of their stated value at any time. Subject to certain restrictions that will be described in the Offer Documents and in the Company's governing documents, each Preferred Share is expected to be convertible into Common Shares at a conversion price of $2.40 per share (subject to adjustment for stock splits, stock combinations, recapitalizations and similar transactions), with no variable rate or floating conversions. This press release is for informational purposes only and does not constitute an offer to purchase, a solicitation of an offer to sell, or a recommendation regarding any securities. Any such offer, solicitation, or recommendation will be made solely by means a Schedule TO and related Offer Documents filed with the Securities and Exchange Commission ('SEC'). COMMON SHAREHOLDERS ARE URGED TO READ THE SCHEDULE TO AND OFFER DOCUMENTS AND ANY SOLICITATION/RECOMMENDATION STATEMENT REGARDING THE EXCHANGE OFFER, AS THEY MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF COMMON SHARES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING EXCHANGING THEIR SHARES. When filed, common shareholders may obtain a free copy of any of these statements and other documents filed with the SEC at the website maintained by the SEC at or by directing such requests to the Company or obtaining the same from the Company's website at About 1847 Holdings 1847 Holdings LLC, a publicly traded diversified acquisition holding company, was founded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue, and Principal of Lazard Freres Strategic Realty Investors. 1847 Holdings' investment thesis is that capital market inefficiencies have left the founders and/or stakeholders of many small business enterprises or lower-middle market businesses with limited exit options despite the intrinsic value of their business. Given this dynamic, 1847 Holdings can consistently acquire businesses it views as 'solid' for reasonable multiples of cash flow and then deploy resources to strengthen the infrastructure and systems of those businesses in order to improve operations. These improvements may lead to a sale or IPO of an operating subsidiary at higher valuations than the purchase price and/or alternatively, an operating subsidiary may be held in perpetuity and contribute to 1847 Holdings' ability to pay regular and special dividends to shareholders. For more information, visit For the latest insights, follow 1847 on Twitter. Forward-Looking Statements This press release may contain information about 1847 Holdings' view of its future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on our management's beliefs, assumptions and expectations of our future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause our actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include but are not limited to the risks set forth in 'Risk Factors' included in our SEC filings. Crescendo Communications, LLC
Associated Press
06-03-2025
- Business
- Associated Press
1847 Holdings Achieves Transformational Turnaround; Projecting First-Ever Net Income of $1.3 Million in 2025, Increasing to $5.0 Million in 2026
Progress Validates Business Model with Anticipated Profitability Milestone NEW YORK, NY / ACCESS Newswire / March 6, 2025 / 1847 Holdings LLC (NYSE American:EFSH) ('1847 Holdings' or the 'Company') today announced financial guidance for 2025 and 2026, marking a transformative achievement in the Company's history. For the first time since its inception, 1847 Holdings expects to generate net income, projecting approximately $1.3 million in 2025, with revenue exceeding $45 million. This profitability milestone is expected to accelerate in 2026, with anticipated net income of $5.0 million and revenue surpassing $60 million - underscoring the success of the Company's strategic vision and disciplined execution. Ellery W. Roberts, CEO of 1847 Holdings, stated, 'This is a watershed moment for 1847 Holdings. Everything we have been working towards - streamlining our portfolio, optimizing operations, and acquiring high-margin businesses - has culminated in this historic financial turnaround. Achieving net income positive status this year will represent a major validation of our business model and a clear signal to investors that our strategy is working.' Roberts continued, 'Our ability to identify, acquire, and enhance undervalued businesses is expected to translate into sustainable profitability starting this year. The acquisition of CMD Inc. ('CMD'), a highly profitable, cash-generating business, is a prime example of our ability to execute on our vision. At the same time, our strategic divestiture of High Mountain Door & Trim Inc. to Builders FirstSource for approximately $17 million - more than double our initial investment - demonstrates our disciplined approach to value creation.' 'This is just the beginning. With a strong pipeline of acquisition opportunities and a relentless focus on high-margin, scalable businesses, we believe 1847 Holdings is positioned for exponential growth. Our future has never been brighter, and we are more confident than ever in our ability to drive sustained value for our shareholders.' About 1847 Holdings 1847 Holdings LLC (NYSE American:EFSH), a publicly traded diversified acquisition holding company, was founded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue, and Principal of Lazard Freres Strategic Realty Investors. 1847 Holdings' investment thesis is that capital market inefficiencies have left the founders and/or stakeholders of many small business enterprises or lower-middle market businesses with limited exit options despite the intrinsic value of their business. Given this dynamic, 1847 Holdings can consistently acquire businesses it views as 'solid' for reasonable multiples of cash flow and then deploy resources to strengthen the infrastructure and systems of those businesses in order to improve operations. These improvements may lead to a sale or IPO of an operating subsidiary at higher valuations than the purchase price and/or alternatively, an operating subsidiary may be held in perpetuity and contribute to 1847 Holdings' ability to pay regular and special dividends to shareholders. For more information, visit For the latest insights, follow 1847 on Twitter. Forward Looking Statements This press release may contain information about 1847 Holdings' view of its future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on our management's beliefs, assumptions and expectations of our future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause our actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include but are not limited to the risks set forth in 'Risk Factors' included in our SEC filings. Contact:
