LFTD Partners Q2 net loss widens to $1.44 million; net sales fall 15.69% to $8.71 million
LIFD•Other developments
- Results included a $99,800 impairment on the Bendistillery investment; the company cut workforce to about 77.
- LFTD agreed to sell its Kenosha, Wisconsin property for $1.5 million, targeting mortgage repayment and added working capital.
Second-quarter results
- LFTD Partners posted a net loss of $1.44 million, widening from $268,950 a year earlier.
- Net sales fell 15.69% to $8.71 million, while the operating loss widened to $1.53 million from $109,640.
- Gross profit dropped to $651,233 from $3.25 million, reflecting higher cost of goods sold of $8.05 million.
