Key Points - Shareholder Update PR - October 27, 2
Post# of 6908
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- Unaudited year-to-date performance data as of October 25, 2021:
-- Gross Revenues: $7.76M - up 33.9% on year-over-year basis.
-- Net Sales: $6.97M - up 33.2% on year-over-year basis.
-- Products Sold: 9,406 - up 31.5% on year-over-year basis.
-- Average Sales Price Per Item: $825.35 - up 2% on year-over-year basis.
- "the final two months of the year are historically the strongest for SFLMaven and the broader high-end luxury goods marketplace."
- "Due to continuing global supply chain constraints, the Company stands to benefit from inventory building problems faced by competing luxury goods dealers that manufacture products and rely on logistics and supply chain factors as holiday demand spikes later this quarter. This could further bolster growth in the Company’s primary revenue-producing segment."
- Continues to develop its new Collectibles Marketplace strategy.
- Launched a new segment that focuses on the thriving collectibles market, including non-fungible tokens (NFTs), baseball cards, coins, comic books, handbags, sneakers and other collectible memorabilia.
- First phase of this launch is focused on developing a unique inventory of digital artwork capable of driving value in the NFT marketplace.
- Already signed two very talented digital artists - Larry Calabrese and SubtleCodes.
- Management looks forward to providing further updates on exciting next steps in this process very soon.
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