Overview

* LFTD Partners ( LIFD ) 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/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.04

Press Release:

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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.)