Overview
LFTD Partners Q3 revenue grows 4% yr/yr, with improved operating and net income
Company faces potential adverse effects from federal legislation banning hemp-derived products
Federal legislation may lead to goodwill and investment impairment charges
Outlook
Company anticipates federal legislation could eliminate half or more of Lifted's sales
Company expects goodwill impairment charges due to federal legislation
Company foresees significant inventory write-offs due to federal legislation
Result Drivers
REVENUE GROWTH - Revenue increased by 4% yr/yr to $9.06 mln, driven by sales of hemp-derived products
LEGISLATION IMPACT - New federal law could eliminate half or more of Lifted's sales, impacting revenue significantly
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | $0.04 |
Press Release: ID:nGNX1yMTqz
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)