Toughbuilt Industries Clocks 40% Sales Growth In Q1

  • ToughBuilt Industries Inc TBLT reported first-quarter FY22 revenue growth of 40% year-over-year to $17.2 million.
  • Gross sales for Q1 through Amazon.Com, Inc AMZN increased by 41% Y/Y to $3.4 million, compared to $2.4 million in 1Q21.
  • Operating expenses were $18.4 million, compared to $9.4 million in 1Q21.
  • Net loss attributable was $(12.1) million, or $(14.04) per share, compared to a $(6.1) million loss last year.
  • Price Action: TBLT shares are trading lower by 11.9% at $6.01 on Monday's last check.
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