1847 Holdings Announces Restatement Of Financial Results For Subsidiary And Reduction In Loss From Operations Of Approximately $3.6M And Increase In Assets Of $0.64M For 2022
Portfolio Pulse from Benzinga Newsdesk
1847 Holdings LLC (EFSH) announced a positive restatement of its subsidiary ICU Eyewear Holdings, Inc.'s financial results for 2021 and 2022, resulting in a $3.6M reduction in operational losses and a $0.64M increase in assets for 2022.
February 12, 2024 | 12:34 pm
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1847 Holdings LLC announced a positive financial restatement for its subsidiary, leading to a significant reduction in losses and an increase in assets for 2022.
The positive restatement of financial results for ICU Eyewear Holdings, a subsidiary of 1847 Holdings, indicates a stronger financial position than previously reported. This reduction in operational losses and increase in assets is likely to be viewed positively by investors, potentially leading to increased investor confidence and a positive impact on EFSH's stock price in the short term.
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