Key Points - 2021 Achievements in Breakout Year PR
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Posted On: 04/02/2022 7:08:13 PM
Key Points - 2021 Achievements in Breakout Year PR Dated April 1, 2022
2021 Performance Highlights:
[confirms my analysis of the 2021 Annual Report in section above]
Total Sales: $10M+ - up 35% year over year.
Ending Inventory: $1.12M - up 184% year over year
Gross Profit: $1.4M - up over $2.2M year over year
Net Income: ($301K) - up over $4.1M year over year
Total Cash on Hand: $265K - up over 5,000% year over year
Total Buyers: up 15% year over year
Repeat Buyers: up 20% year over year
CEO Comments:
"The Company saw strong growth across key metrics reflecting better execution as well as an improving macro environment"
"The Company also benefited during the second half of the year from a competitive advantage over other jewelry and luxury goods sellers due to a lack of dependence upon a global supply chain and manufacturing foundation."
"The Company is already on pace for even stronger growth in 2022, which may be further augmented by the implementation and launch of SFLMaven’s metaverse strategy as it lays a foundation to become the first native dealership of high-end vintage digital jewelry NFT items for avatar use in the metaverse."
“2021 was a breakout year for the Company, even though it is already being sharply outpaced by our performance thus far in 2022”
“We saw tremendous gains in every major metric and achieved gross profitability through improved efficiency, better product sourcing, increased web presence and traffic, and more repeat customers."
"We also ended the year with a much bigger stockpile of cash and product inventory, laying a foundation for the explosive growth we have seen so far in 2022.”
[this section will be incorporated in the next update of the master DD coming out April 3, 2022]
2021 Performance Highlights:
[confirms my analysis of the 2021 Annual Report in section above]
Total Sales: $10M+ - up 35% year over year.
Ending Inventory: $1.12M - up 184% year over year
Gross Profit: $1.4M - up over $2.2M year over year
Net Income: ($301K) - up over $4.1M year over year
Total Cash on Hand: $265K - up over 5,000% year over year
Total Buyers: up 15% year over year
Repeat Buyers: up 20% year over year
CEO Comments:
"The Company saw strong growth across key metrics reflecting better execution as well as an improving macro environment"
"The Company also benefited during the second half of the year from a competitive advantage over other jewelry and luxury goods sellers due to a lack of dependence upon a global supply chain and manufacturing foundation."
"The Company is already on pace for even stronger growth in 2022, which may be further augmented by the implementation and launch of SFLMaven’s metaverse strategy as it lays a foundation to become the first native dealership of high-end vintage digital jewelry NFT items for avatar use in the metaverse."
“2021 was a breakout year for the Company, even though it is already being sharply outpaced by our performance thus far in 2022”
“We saw tremendous gains in every major metric and achieved gross profitability through improved efficiency, better product sourcing, increased web presence and traffic, and more repeat customers."
"We also ended the year with a much bigger stockpile of cash and product inventory, laying a foundation for the explosive growth we have seen so far in 2022.”
[this section will be incorporated in the next update of the master DD coming out April 3, 2022]
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A very apposite motto for those who trade successfully in the OTC market..
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.