LFTD Partners Inc. reported its financial results for the first quarter of 2025, revealing a net sales figure of $9.1 million, a decrease of approximately 14.5% from $10.7 million in the same period of 2024. The company's cost of goods sold also declined to $6.9 million from $7.3 million, resulting in a gross profit of $2.2 million, down from $3.4 million year-over-year. The net loss attributable to common stockholders was $303,042, compared to a loss of $1.1 million in the prior year, indicating a significant reduction in losses despite lower sales.
In terms of operational changes, LFTD Partners has made strategic moves to enhance its market position. The company continues to focus on its subsidiary, Lifted Liquids, which has expanded its product offerings with the launch of new brands, including Mielos and Rebel Energy Gummy, both of which do not contain hemp derivatives. As of March 31, 2025, Lifted employed approximately 133 individuals, reflecting a stable workforce as the company navigates its growth strategy in the hemp-derived product market.
The company’s balance sheet shows total assets of $47.8 million, a slight increase from $47.3 million at the end of 2024. Current liabilities rose to $7.0 million from $6.1 million, while total liabilities increased to $10.6 million from $9.8 million. This increase in liabilities is attributed to ongoing operational expenses and the financing arrangements made to support the acquisition of the 5511 Building, which serves as Lifted's main operations facility. The company has also secured a working capital loan of $3 million and a business loan of $910,000 from Surety Bank to bolster its financial position.
Looking ahead, LFTD Partners remains focused on potential acquisitions within the cannabis and hemp industries, while also considering diversification into less regulated sectors. The company acknowledges the evolving regulatory landscape surrounding hemp-derived products, which poses both risks and opportunities. Management has indicated that future performance will depend on navigating these regulatory challenges and successfully executing its growth strategy, including the potential expansion of its facilities to enhance operational efficiency. The company’s outlook remains cautious, with an emphasis on adapting to market conditions and regulatory changes that could impact its business operations.
About LFTD PARTNERS INC.
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