LFTD Partners Inc.
0.3000+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCQB · LIFD · USD
Key Stats
Market Cap
4.45MP/E (TTM)
-Basic EPS (TTM)
-0.06Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
LFTD Partners posted Q2 net sales of $10.3M, up 8.8% y/y yet down 8.3% q/q (derived), with gross profit at $3.2M yielding a 31.5% margin—tighter than last year's 37.5% but buoyed by non-hemp edibles surging to 57% of mix from 5%. Operating loss narrowed to $0.1M from $0.6M y/y, while net loss improved to $0.3M or $(0.02) diluted EPS on 14.8M shares, versus $(0.04) last year; the six-month net loss of $0.6M aligns with YTD trends, no anti-dilution flagged. Theft hit $0.4M, but settlement income offset some pain. Cash sits at $2.1M with $3.1M total debt to Surety Bank (9.5-10% rates, due 2028) and $1M revolver availability via restricted balance; free cash flow not disclosed in the 10-Q. Ongoing lawsuits over product labeling add regulatory heat.
10-Q
Q1 FY2025 results
LFTD Partners posted Q1 revenue of $9.1M, down 14.5% y/y from $10.7M, yet gross profit held at $2.2M with margins dipping to 24.3% from 31.7% amid higher inventory write-offs of $0.5M. Operating loss narrowed to $0.3M from $0.1M, while net loss improved sharply to $0.3M or $(0.02) diluted EPS from $1.1M or $(0.08), thanks to no repeat of last year's $1.3M Jeeter collab hit. Cash flow from operations rose to $0.4M, bolstering $2.3M in cash against $3.3M total debt to Surety Bank at 9.5-10% rates maturing 2028, with $1M restricted and full revolver availability. No M&A closed this quarter, but regulatory headwinds loom large.
8-K
LOIs terminated abruptly
LFTD Partners Inc. terminated five Letters of Intent dated February 19, 2025, with Sustainable Innovations Inc. and affiliates on April 11, 2025, citing unmet conditions after negotiations. The deals, spanning marijuana subsidiaries, ventures, properties, growers, and executive arrangements, are now null and void. No transactions will proceed. This clears the path for alternative pursuits.
8-K
Cyber theft triggers insider loan
LFTD Partners suffered a cybersecurity breach on April 1, 2025, when hackers stole $350,000 in USDC from its digital wallet, wiping out the full amount converted from cash. To cover the resulting cash crunch, the company secured an interest-free, unsecured loan from an affiliate of its CEO and CFO, drawable up to $350,000 and repayable on demand. This hit follows a 41% drop in cash to $3,146,947 by year-end 2024. Recovery remains uncertain amid FBI probe.
10-K
FY2024 results
LFTD Partners Inc. posted FY2024 net sales of $37.3M, down 27.7% y/y from $51.6M in FY2023, amid intensifying regulatory pressures on hemp-derived products and fiercer competition from private-label rivals. Q4 sales dipped to $8.5M from $13.5M y/y, with gross margins compressing to 24.3% from 29.6% due to $1.6M in inventory write-offs for obsolete goods, though sequential improvement from Q3's $8.7M sales hinted at stabilizing demand for non-hemp lines like Mielos wellness gummies. Key drivers included $2.1M from manufacturing pacts with Cali Sweets and Diamond Supply Co., but the Jeeter collaboration's termination triggered a $1.3M loss, while bad debt surged to $1.5M from slow-paying distributors amid industry uncertainty. Liquidity held at $10.8M working capital with $3.3M debt to Surety Bank at 9.5-10% rates maturing 2028, no buybacks or dividends beyond preferred stock obligations, and capex light at $0.3M for equipment. No annual guidance issued. Wisconsin's new vaping law risks curbing Q4 momentum by potentially barring unlisted devices starting September 2025.
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