1847 Holdings LLC reported significant financial improvements in its latest 10-Q filing for the quarter ending June 30, 2025. The company generated revenues of $12.8 million for the three months ended June 30, 2025, a substantial increase of 380.4% compared to $2.7 million in the same period last year. For the six months, revenues reached $22.9 million, up from $4.8 million in the prior year, driven primarily by the acquisition of CMD Inc., which contributed approximately $11.2 million to quarterly revenues.
The company's operating expenses also rose, totaling $10.3 million for the quarter, compared to $4.3 million in the previous year. This increase was largely attributed to the costs associated with the CMD acquisition, which added $5.2 million to the cost of revenues. Despite the rise in expenses, 1847 Holdings reported an operating income of $2.5 million for the quarter, a turnaround from an operating loss of $1.7 million in the same period last year. The net income from continuing operations was $23.7 million, compared to a loss of $2.9 million in the prior year, reflecting a significant recovery in profitability.
In terms of operational developments, the company is actively pursuing the sale of its automotive supplies segment, Wolo Mfg. Corp., which is expected to be completed in 2025. This strategic decision is part of a broader effort to streamline operations and focus on its core construction segment, which has shown promising growth. The company also reported a notable increase in its customer base and engagement metrics, although specific figures were not disclosed.
As of June 30, 2025, 1847 Holdings had total assets of $34.8 million, up from $33.6 million at the end of 2024. However, the company continues to face challenges with a working capital deficit of $87.3 million and a total liabilities figure of $107.9 million. The management has indicated that securing additional financing will be crucial for sustaining operations and funding future growth initiatives. The outlook remains cautious, with management emphasizing the need for effective capital management and potential equity or debt offerings to support ongoing operations and acquisitions.
About 1847 Holdings LLC
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