Achieves 6.3% Revenue Growth for the First Nine Months of 2024 Compared to 2023 NEW YORK, NY / ACCESSWIRE / November 19, 2024 / 1847 Holdings LLC ("1847" or the "Company") (NYSE: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 third quarter ended September 30, 2024.Q3 2024 Highlights and Subsequent EventsCash and cash equivalents, and restricted cash of $10.2 million as of September 30, 2024Disposition of ICU Eyewear; eliminated $4.8 million of net liabilities from the balance sheetSold High Mountain Door & Trim Inc. ("HMDT"), a division of
NEW YORK, NY / ACCESSWIRE / November 15, 2024 / 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today provided further detail on the previously announced, successful sale of High Mountain Door & Trim Inc. ("HMDT"), a division of 1847 Cabinets, to Builders FirstSource, Inc., the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling. The Company reports it completed the sale for approximately $17 million, more than double the orig
Purchase price for this transaction is approximately $18.75 millionNEW YORK, NY / ACCESSWIRE / November 6, 2024 / 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today announced it has executed a definitive agreement to acquire the previously announced millwork, cabinetry, and door manufacturer based in Las Vegas, Nevada (the "Target").The Target reported unaudited revenue of $29.4 million and approximately $5.7 million in net income for the year ended December 31, 2023. The Target also reported unaudited revenue of $33.1 million and net income of $10.4 million
NEW YORK, NY / ACCESSWIRE / November 1, 2024 / 1847 Holdings LLC("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today announced that it will effect a 1-for-15 reverse split ("reverse split") of its common shares that will become effective on November 11, 2024.1847's common shares will continue to trade on NYSE American under the symbol "EFSH" and will begin trading on a split-adjusted basis when the market opens on November 11, 2024. The new CUSIP number for the common shares following the reverse split will be 28252B853. The reverse split will reduce the number of outstanding c
NEW YORK, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Spartan Capital Securities, LLC, a full-service investment banking firm, is proud to announce its successful completion of several notable transactions throughout October 2024. The deals demonstrate Spartan's expertise and unwavering commitment to supporting clients' growth and capital needs across diverse sectors. In October, Spartan Capital Securities served as the placement agent for 1847 Holdings LLC's follow-on offering, raising $11,099,985. This capital infusion will enable 1847 Holdings LLC (NYSE:EFSH), a diversified holding company, to continue its growth strategy, enhance operational flexibility, and pursue acquisition opportunit
NEW YORK, NY, Oct. 31, 2024 (GLOBE NEWSWIRE) -- 1847 Holdings LLC (NYSE:EFSH) ("1847 Holdings" or the "Company"), a holding company focused on identifying and investing in high-potential middle-market businesses, announced today the successful close of its fully marketed public offering, generating gross proceeds of $11.1 million, prior to deducting placement agent fees and other offering expenses. The offering comprised 8,809,512 units at a public offering price of $1.26 per unit. Each unit includes (i) one common share or a pre-funded warrant to purchase one common share at an exercise price of $0.01 per share, (ii) a series A warrant to purchase one common share at an exercise price of
NEW YORK, NY / ACCESSWIRE / October 30, 2024 / 1847 Holdings LLC (NYSE:EFSH) ("1847 Holdings" or the "Company"), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, announced today it has closed its previously announced fully marketed public offering of securities for gross proceeds of $11.1 million, prior to deducting placement agent fees and other offering expenses payable by the Company.The public offering was comprised of 8,809,512 units, at a public offering price of $1.26 per unit. Each unit is comprised of (i) one (1) common share or a pre-funded warrant to purchase one (1) common share at an exercise price of $0.
NEW YORK, NY / ACCESSWIRE / October 29, 2024 / 1847 Holdings LLC (NYSE:EFSH) ("1847 Holdings" or the "Company"), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, announced today the pricing of its "reasonable best efforts" public offering of securities for gross proceeds of $11.1 million, prior to deducting placement agent fees and other offering expenses payable by the Company.The public offering is comprised of 8,809,512 units, at a public offering price of $1.26 per unit. Each unit is comprised of (i) one (1) common share or a pre-funded warrant to purchase one (1) common share at an exercise price of $0.01 per sha
NEW YORK, NY / ACCESSWIRE / October 1, 2024 / 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today announced the successful sale of High Mountain Door & Trim Inc. ("HMDT"), a division of 1847 Cabinets, to Builders FirstSource, Inc., the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling, for more than double the original purchase price.Headquartered in Reno, Nevada, and founded in 2014, High Mountain specializes in all aspec
Achieves Approximately 4% Sequential Increase in Revenue for Q2 2024 Compared to Q1 2024Gross profit was $6.7M in Q2 2024 compared to $5.9M in Q2 2023, a 14.2% year-over-year increase NEW YORK, NY / ACCESSWIRE / August 19, 2024 / 1847 Holdings LLC ("1847" or the "Company") (NYSE: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 second quarter ended June 30, 2024.Mr. Ellery W. Roberts, CEO of 1847 Holdings, commented, "In Q2 2024, we achieved approximately 4% sequential revenue growth and a 14.2% year-over-year increase in gross profit, highl
NEW YORK, NY / ACCESSWIRE / November 15, 2024 / 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today provided further detail on the previously announced, successful sale of High Mountain Door & Trim Inc. ("HMDT"), a division of 1847 Cabinets, to Builders FirstSource, Inc., the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling. The Company reports it completed the sale for approximately $17 million, more than double the orig
NEW YORK, NY / ACCESSWIRE / November 1, 2024 / 1847 Holdings LLC("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today announced that it will effect a 1-for-15 reverse split ("reverse split") of its common shares that will become effective on November 11, 2024.1847's common shares will continue to trade on NYSE American under the symbol "EFSH" and will begin trading on a split-adjusted basis when the market opens on November 11, 2024. The new CUSIP number for the common shares following the reverse split will be 28252B853. The reverse split will reduce the number of outstanding c
Achieves Approximately 4% Sequential Increase in Revenue for Q2 2024 Compared to Q1 2024Gross profit was $6.7M in Q2 2024 compared to $5.9M in Q2 2023, a 14.2% year-over-year increase NEW YORK, NY / ACCESSWIRE / August 19, 2024 / 1847 Holdings LLC ("1847" or the "Company") (NYSE: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 second quarter ended June 30, 2024.Mr. Ellery W. Roberts, CEO of 1847 Holdings, commented, "In Q2 2024, we achieved approximately 4% sequential revenue growth and a 14.2% year-over-year increase in gross profit, highl
NEW YORK, NY / ACCESSWIRE / August 8, 2024 / 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today announced that it has been working with its senior secured lender to sell all or substantially all of the assets of its ICU Eyewear business. On August 5, 2024, the Company received notice from its senior secured lender that a private sale of the assets (constituting the collateral under the lender's loan) occurred on such date pursuant to a bill of sale. As a result of the lender's private sale of all or substantially all of the assets of the ICU Eyewear business
NEW YORK, NY / ACCESSWIRE / July 31, 2024 / 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today provided an update on the status of the proposed sale of a division of 1847 Cabinets Inc.Mr. Ellery W. Roberts, CEO of 1847 Holdings, commented, "We are making progress on the sale of a division of 1847 Cabinets. The financing contingency from the Letter of Intent was recently removed and we anticipate closing the transaction by mid-September 2024. This sale is a key strategic move for 1847, demonstrating our ability to acquire, operate, and enhance the value of as
NEW YORK, NY / ACCESSWIRE / June 27, 2024 / 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today announced that it will effect a 1-for-13 reverse split ("reverse split") of its common shares that will become effective on July 8, 2024.1847's common shares will continue to trade on NYSE American under the symbol "EFSH" and will begin trading on a split-adjusted basis when the market opens on July 8, 2024. The new CUSIP number for the common shares following the reverse split will be 28252B861. The reverse split will reduce the number of outstanding shares of the
NEW YORK, NY / ACCESSWIRE / June 10, 2024 / 1847 Holdings LLC("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today provided an update on its ongoing business activities and strategic initiatives.Ellery W. Roberts, CEO of 1847 Holdings, commented, "We remain on track with several potentially transformative strategic transactions. Specifically, we are nearing completion of a definitive agreement to acquire a prominent millwork, cabinetry, and door manufacturer. This target achieved revenues of $28.6 million and significant cash flow in 2023. Moreover, as previously disclosed, we n
NEW YORK, NY / ACCESSWIRE / May 28, 2024 / 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today provided a business update on its pending strategic transactions.Ellery W. Roberts, CEO of 1847 Holdings, commented, "Following a strong first quarter, in which we achieved solid revenue growth and successfully divested Asien's Appliance, I am pleased to report we are making continued progress on a series of additional strategic initiatives expected to significantly enhance shareholder value. As an example, we are rapidly advancing towards finalizing our definitive
Gross profit increases 13.3% in Q1 2024 vs Q1 2023 NEW YORK, NY / ACCESSWIRE / May 16, 2024 / 1847 Holdings LLC("1847" or the "Company") (NYSE: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 first quarter ended March 31, 2024.Q1 2024 Key HighlightsTotal Revenue was $14.9M in Q1 2024 compared to $13.0M in Q1 2023, a 15.0% year-over-year increaseGross profit was $5.6M in Q1 2024 compared to $4.9M in Q1 2023, a 13.3% year-over-year increaseExecuted Letter of Intent to Sell 1847 Cabinets Inc. for $27.6 MillionExecuted non-binding LOI to acqui
NEW YORK, NY / ACCESSWIRE / May 6, 2024 / 1847 Holdings LLC("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today reports it has re-engaged Shareholder Intelligence Services, LLC ("ShareIntel") to utilize their patented, proprietary service offerings to obtain share trading analytic metrics designed to help coordinate, monitor and enhance corporate governance, shareholder communication, regulatory compliance and surveillance of trading in the Company's shares in an effort to allow Company to better monitor trading activity, including potential violations of SEC Regulation SHO, wh
NEW YORK, NY / ACCESSWIRE / June 21, 2024 / 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, encourages shareholders to vote in the upcoming shareholder meeting.The upcoming 2024 Annual Meeting of Stockholders will be held on June 25, 2024, at 2:00 p.m. Eastern Time. 1847's stockholders at the close of business on the record date of April 26, 2024 are encouraged to vote their shares as soon as possible before 9 a.m. Eastern Time on June 24, 2024. Stockholders can exercise their votes online, via telephone or by mail.The Annual Meeting will be held virtually at h
NEW YORK, NY / ACCESSWIRE / August 11, 2023 / 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), 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, announced today that it has appointed finance veteran Michele A. Chow-Tai, to its Board of Directors as an independent board member. Ms. Chow-Tai was also appointed to the Audit Committee and the Nominating and Corporate Governance Committee.Ms. Chow-Tai is an experienced professional in global banking and financial services with more than 32 years of industry expertise. For nearly seven years, she has been leadi
NEW YORK, NY / ACCESSWIRE / February 24, 2023 / 1847 Holdings LLC ("1847" or the "Company") (NYSE:EFSH), 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 appointed Glyn C. Milburn as Vice President of Operations. Additionally, the Company announced that Eric VanDam resigned from his position as Chief Operating Officer to pursue an opportunity closer to where he resides in Michigan and not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.Mr. Milburn has been a member of
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Shares of Enphase Energy, Inc. (NASDAQ:ENPH) rose sharply in today's pre-market trading after the company reported second-quarter financial results. Enphase Energy reported second-quarter revenue of $303.46 million, missing the consensus estimate of $309.67 million, according to Benzinga Pro. The company reported adjusted earnings of 43 cents per share, missing analyst estimates of 48 cents per share. Enphase Energy shares gained 6.2% to $110.10 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Dermata Therapeutics, Inc. (NASDAQ:DRMA) rose 146.2% to $3.20 in pre-market trading after falling over 22% on Tuesday. NuZee, Inc. (NASDAQ:NUZ
Shares of Comcast Corporation (NASDAQ:CMCSA) fell sharply during Tuesday's session after the company reported worse-than-expected second-quarter sales results. Comcast reported second-quarter revenue decline of 2.7% year-over-year to $29.69 billion, missing the analyst consensus estimate of $30.02 billion.The company reported adjusted EPS of $1.21, beating analyst consensus estimates of $1.12, according to data from Benzinga Pro. Comcast shares declined 6.1% to $37.12 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Azitra, Inc. (NYSE:AZTR) shares jumped 529% to $10.19 after the company announced that the U.S. Patent and Trademark Office grant
Gainers Nano Nuclear Energy (NASDAQ:NNE) stock rose 14.7% to $13.31 during Wednesday's after-market session. The market value of their outstanding shares is at $385.3 million. GrafTech International (NYSE:EAF) shares increased by 8.49% to $1.15. The company's market cap stands at $295.7 million. Captivision (NASDAQ:CAPT) stock moved upwards by 8.14% to $3.32. The company's market cap stands at $96.2 million. Markforged Holding (NYSE:MKFG) shares rose 7.99% to $0.46. The market value of their outstanding shares is at $93.5 million. AERWINS Technologies (NASDAQ:AWIN) stock moved upwards by 5.17% to $1.83. The market value of their outstanding shares is at $1.6 million. iPower (NASDAQ:IPW
Gainers Volato Group (AMEX:SOAR) stock increased by 6.8% to $0.6 during Tuesday's after-market session. The company's market cap stands at $17.6 million. 1847 Holdings (AMEX:EFSH) shares rose 5.96% to $0.32. The market value of their outstanding shares is at $1.8 million. MingZhu Logistics Hldgs (NASDAQ:YGMZ) shares moved upwards by 5.14% to $0.4. The market value of their outstanding shares is at $14.8 million. Aqua Metals (NASDAQ:AQMS) shares increased by 4.98% to $0.37. The market value of their outstanding shares is at $42.4 million. OceanPal (NASDAQ:OP) shares rose 4.76% to $1.98. The company's market cap stands at $14.7 million. Blade Air Mobility (NASDAQ:BLDE) stock increased by
Gainers Li-Cycle Holdings (NYSE:LICY) shares moved upwards by 23.2% to $3.66 during Wednesday's regular session. The market value of their outstanding shares is at $82.3 million. Shimmick (NASDAQ:SHIM) shares increased by 18.5% to $1.91. The company's market cap stands at $49.0 million. Perma-Fix Envirn Servs (NASDAQ:PESI) stock rose 15.96% to $10.75. The company's market cap stands at $169.7 million. Rentokil Initial (NYSE:RTO) stock moved upwards by 14.56% to $30.84. The company's market cap stands at $15.4 billion. Montana Technologies (NASDAQ:AIRJ) shares increased by 13.76% to $10.0. The market value of their outstanding shares is at $538.2 million. FiscalNote Holdings (NYSE:NOTE)
Shares of Skye Bioscience, Inc. (NASDAQ:SKYE) fell sharply during Monday's session after the company announced its SBI-100 Ophthalmic Emulsion Phase 2a trial did not achieve target product profile and has discontinued the program. Skye Bioscience shares tumbled 18.9% to $8.87 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Big Tree Cloud Holdings Limited (NASDAQ:DSY) shares jumped 123% to $4.3001 following the completion of the company’s business combination with Plutonian Acquisition Corp. and amid continued volatility following its Nasdaq debut last week. KWESST Micro Systems Inc. (NASDAQ:KWE) gained 79.8% to $0.7082 after the company was aw
Gainers New Horizon Aircraft (NASDAQ:HOVR) shares moved upwards by 41.0% to $1.01 during Monday's regular session. The market value of their outstanding shares is at $18.4 million. Nauticus Robotics (NASDAQ:KITT) stock rose 24.19% to $0.19. The market value of their outstanding shares is at $12.0 million. Virco Mfg (NASDAQ:VIRC) stock increased by 19.4% to $15.75. The market value of their outstanding shares is at $257.4 million. As per the news, the Q1 earnings report came out yesterday. Silynxcom (AMEX:SYNX) shares rose 17.41% to $2.63. The company's market cap stands at $13.8 million. FuelCell Energy (NASDAQ:FCEL) shares rose 16.19% to $1.01. The market value of their outstanding sha