Key Points - 2022 Q2 Achievements and Q3/Q4 Outloo
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Posted On: 08/17/2022 5:03:32 PM
Key Points - 2022 Q2 Achievements and Q3/Q4 Outlook PR Dated August 17, 2022
Financial Performance Highlights For 3 Months Ended June 30, 2022:
Total Gross Sales: $2.45M - up over 17% year over year
Total Assets: $2.4M - up 206% year over year
Total Gross Profit: $79K - up 341% year over year
Inventory On Hand At Close Of Period: $1.11M - up 44% year over year
Operational Performance Highlights For 3 Months Ended June 30, 2022:
- Began accepting Bitcoin as form of payment for jewelry sales to help expand into digital strategy.
- Launched Shareholder Protection Initiative - returned 300M shares to treasury.
- Launched World’s first vintage digital jewelry Metaverse store.
- Began development work on digital jewelry NFTs.
- Filed for a very special patent that will allow the company to showcase the value of NFTs through visual processes in the Metaverse.
- Formed a new Board of Directors and Special Committees.
CEO Comments on Performance in 2022 Q2 and Outlook Ahead:
"SFLMaven saw performance in the core vintage jewelry business consistently at or near record levels during the second quarter of 2022."
"Macro headwinds intensified, but the Company’s model remained resilient, delivering another strong quarter of year-over-year growth in Sales, Gross Profits, Assets, and Inventory on Hand."
“The core business remains strong and growing, with nearly another fifth added to the topline on a year-over-year basis last quarter."
"Looking ahead, we continue to remain completely resistant to macro headwinds including inflation, slowing consumer spending, and continued supply chain hiccups around the world."
"Q3 is off to a strong start, and we are progressing rapidly with our Web3 strategy, including the official global launch of the first wave of our revolutionary original digital vintage NFT jewelry line for sale in our Decentraland Metaverse store.”
"The Company also made very strong headway during the quarter in its Web3 strategy, partnering with a top development firm, designing and launching its Metaverse store, and establishing its digital vintage jewelry NFT brand."
“The second half of the year is going to be extremely exciting as we start to expand our digital strategy and develop further on the Metaverse-Bling-Flex technology at the heart of our recent patent filing.”
https://www.otcmarkets.com/stock/SFLM/news/SF...?id=369151
Financial Performance Highlights For 3 Months Ended June 30, 2022:
Total Gross Sales: $2.45M - up over 17% year over year
Total Assets: $2.4M - up 206% year over year
Total Gross Profit: $79K - up 341% year over year
Inventory On Hand At Close Of Period: $1.11M - up 44% year over year
Operational Performance Highlights For 3 Months Ended June 30, 2022:
- Began accepting Bitcoin as form of payment for jewelry sales to help expand into digital strategy.
- Launched Shareholder Protection Initiative - returned 300M shares to treasury.
- Launched World’s first vintage digital jewelry Metaverse store.
- Began development work on digital jewelry NFTs.
- Filed for a very special patent that will allow the company to showcase the value of NFTs through visual processes in the Metaverse.
- Formed a new Board of Directors and Special Committees.
CEO Comments on Performance in 2022 Q2 and Outlook Ahead:
"SFLMaven saw performance in the core vintage jewelry business consistently at or near record levels during the second quarter of 2022."
"Macro headwinds intensified, but the Company’s model remained resilient, delivering another strong quarter of year-over-year growth in Sales, Gross Profits, Assets, and Inventory on Hand."
“The core business remains strong and growing, with nearly another fifth added to the topline on a year-over-year basis last quarter."
"Looking ahead, we continue to remain completely resistant to macro headwinds including inflation, slowing consumer spending, and continued supply chain hiccups around the world."
"Q3 is off to a strong start, and we are progressing rapidly with our Web3 strategy, including the official global launch of the first wave of our revolutionary original digital vintage NFT jewelry line for sale in our Decentraland Metaverse store.”
"The Company also made very strong headway during the quarter in its Web3 strategy, partnering with a top development firm, designing and launching its Metaverse store, and establishing its digital vintage jewelry NFT brand."
“The second half of the year is going to be extremely exciting as we start to expand our digital strategy and develop further on the Metaverse-Bling-Flex technology at the heart of our recent patent filing.”
https://www.otcmarkets.com/stock/SFLM/news/SF...?id=369151
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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.
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