1847 Goedeker Income Statement 2023-2011 | GOED

Brief overview of financial results at 1847 Goedeker

The conclusions below are based on five years of reported results. Revenue reported by 1847 Goedeker was $56.3 million at the beginning of the period and $95.4 million at the end. The cumulative result was +69.5%, corresponding to roughly 11.1% per year. The pace indicates confident and sustained business growth.

Gross profit was $10.9 million at the start and $21.1 million at the end of the period (+94%). Gross margin moved from 19.4% to 22.2%. The margin shift points to a more favorable sales-and-cost structure.

Over the period, EBITDA shifted from 3.3 million dollars to 1.2 million dollars, a change of −64.2%. The operating result developed less favorably than sales. EBITDA margin moved from 5.9% to 1.2%. Cost pressure reduced operating profitability.

The net financial result changed from 2 million dollars to −2.8 million dollars. A positive result was not sustained and the period ended with a loss.

Financial takeaway

The results contain several connected negative signals. The constructive conclusion rests on improving gross profitability and sales growth. The overall view is constrained by weaker operating efficiency, declining net profitability and a narrow EBITDA buffer. Further direction will depend on top-line growth, operating profitability, and net income.