Key Points - Record Setting March 2022 Performance PR Dated April 8, 2022
- Sales Growth: 51% year over year.
- Annual Run Rate: over $14.4M in total topline sales [now over $14.7M after Week 14].
- March 2022 Revenue: $1.21M - up 51% year over year.
- Total Sales: up 49% on a sequential monthly basis.
- Average Sales Price Per Item: nearly $900
- Items Sold: 1,362 - up 66% on a sequential monthly basis
- New Company record for total sales.
“So many factors are coming together this year, but the most important appears to be our market positioning”
“Most of our competitors are seeing volume and pricing offset by supply chain limitations. Because we aren’t dependent on complex logistics or manufacturing dynamics, our model has created a tremendous opportunity to pick up market share, and we are delivering on that premise and picking up record numbers of new and repeat customers along the way, suggesting this period is not only offering SFLMaven a windfall on pricing and volume but a sticky competitive advantage on branding and market identity.”
"During the month of March 2022, the Company managed to set new multi-decade records in total sales, product pricing, and unit sales volume as demand for high-end goods grows in an environment defined by supply shortages for precious metals, rare goods, and luxury items."
"The Company remains committed to its model as a convenient, market-leading auction-based distributor of vintage jewelry and high-end luxury goods through its top eBay store while working to expand to additional outlets."
"SFLMaven is also continuing to prepare for the launch of its metaverse strategy, which will feature NFT-based wearables centered around luxury vintage digital jewelry for avatars through its soon-to-open metaverse store in Decentraland."
“We are now on pace for our best year ever on the back of record sales from our core in-real-life jewelry business as we work toward the launch of our digital NFT presence, which we continue to believe holds tremendous potential given our first-mover positioning.”
- Sales Growth: 51% year over year.
- Annual Run Rate: over $14.4M in total topline sales [now over $14.7M after Week 14].
- March 2022 Revenue: $1.21M - up 51% year over year.
- Total Sales: up 49% on a sequential monthly basis.
- Average Sales Price Per Item: nearly $900
- Items Sold: 1,362 - up 66% on a sequential monthly basis
- New Company record for total sales.
“So many factors are coming together this year, but the most important appears to be our market positioning”
“Most of our competitors are seeing volume and pricing offset by supply chain limitations. Because we aren’t dependent on complex logistics or manufacturing dynamics, our model has created a tremendous opportunity to pick up market share, and we are delivering on that premise and picking up record numbers of new and repeat customers along the way, suggesting this period is not only offering SFLMaven a windfall on pricing and volume but a sticky competitive advantage on branding and market identity.”
"During the month of March 2022, the Company managed to set new multi-decade records in total sales, product pricing, and unit sales volume as demand for high-end goods grows in an environment defined by supply shortages for precious metals, rare goods, and luxury items."
"The Company remains committed to its model as a convenient, market-leading auction-based distributor of vintage jewelry and high-end luxury goods through its top eBay store while working to expand to additional outlets."
"SFLMaven is also continuing to prepare for the launch of its metaverse strategy, which will feature NFT-based wearables centered around luxury vintage digital jewelry for avatars through its soon-to-open metaverse store in Decentraland."
“We are now on pace for our best year ever on the back of record sales from our core in-real-life jewelry business as we work toward the launch of our digital NFT presence, which we continue to believe holds tremendous potential given our first-mover positioning.”
SFLMaven, Inc. (SFLM) Stock Research Links
"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
