Estimated Total and E-commerce Net Revenue Up 32% and 205%, Respectively

MONTREAL, Sept. 13, 2021 /CNW/ - LXRandCo, Inc. (LXR or the Company) (TSX: LXR) (TSX: LXR.WT), a North American, digital-first omni-channel retailer of authenticated pre-owned luxury products, today provided a revenue update, which includes total net revenue and e-commerce net revenue estimates for the month of August 2021 and estimates for the year-to-date (YTD) and the latest twelve months (LTM) periods ending August 31, 2021.

Monthly and YTD Net Revenue
In August 2021, the Company realized total net revenue of $1.6 million, including e-commerce net revenue of $0.9 million, which represented growth of 32% and 205%, respectively, over the same period last year. For the YTD eight-month period ending August 31, 2021, the Company realized total net revenue of $9.6 million, including e-commerce net revenue of $5.8 million, which represented a decrease of 3% and an increase of 151%, respectively, over the same period last year.

August, typically a seasonally-slower month, marked the sixth consecutive month of double-digit revenue growth and our highest monthly revenue since March 2020. In addition, throughout 2021, e-commerce monthly net revenue has been tracking significantly above comparable months. The following table summarizes 2021 year-to-date total and e-commerce monthly net revenue as compared to comparable periods in 2020.


Total Net Revenue


E-commerce Net
Revenue

 ($000s)

2021

  2020


2021

 2020



B(W)



B(W)

January

491

-74%


491

61%

February

600

-80%


455

30%

March

1,511

24%


627

96%

April

1,190

444%


975

445%

May

1,440

240%


899

155%

June

1,396

77%


649

140%

July

1,401

22%


833

240%

August

1,586

32%


871

205%

August YTD

$9,615

-3%


$5,799

151%

LTM Total and E-commerce Net Revenue History
On an LTM basis, for August 2021, the Company had total net revenue of $13.5 million. LTM August 2021 e-commerce net revenue was $7.9 million, a level 85% higher than the same period last year. We expect to post successively higher increases in LTM revenue for both total and e-commerce net revenue throughout the year. 

The following table provides historical quarterly and LTM total net revenue and e-commerce net revenue for which financial statements have been prepared by us as a reporting issuer.


Total net revenue

E-commerce net revenue


E-commerce penetration

Actuals ($):

Quarterly   

LTM   

Quarterly   

LTM   


LTM*

Q1 2019

8,756,063

38,982,959

604,023

2,294,094


6%

Q2 2019

8,558,435

38,254,627

959,525

2,654,334


7%

Q3 2019

8,314,615

36,493,740

985,288

3,057,856


8%

Q4 2019

14,440,173

40,069,286

1,175,652

3,724,488


9%

Q1 2020

6,097,604

37,410,827

975,592

4,096,057


11%

Q2 2020

1,430,284

30,282,676

802,658

3,939,190


13%

Q3 2020

2,857,718

24,825,779

885,669

3,839,571


15%

Q4 2020

3,391,813

13,777,419

1,715,804

4,379,723


32%

Q1 2021

2,602,071

10,281,886

1,572,640

4,976,771


48%

Q2 2021

4,026,028

12,877,630

2,522,682

6,696,795


52%

Jul 31, 2021

13,128,850

7,284,547


55%

Aug 31, 2021

13,510,049

7,870,562


58%








Target Q4 2021


17,500,000— 
20,000,000   




50%—65%

FY 2021 Outlook
The Company's total net revenue target for FY 2021 is between $17.5 million and $20 million, with e-commerce penetration of approximately 50% to 65%.

About LXR
LXRandCo is a socially responsible, digital-first omni-channel retailer of authenticated pre-owned luxury handbags and personal accessories. Since 2010, we have been providing consumers with authenticated branded luxury products by promoting their reuse and providing an environmentally responsible way for consumers to purchase luxury products. We achieve this through our digital-first strategy by selling directly to consumers through our website at www.lxrco.com and indirectly by powering the e-commerce and other platforms of key channel partners. Our omni-channel model is also supported by retail 'shop-in-shop' experience centers and by wholesale activities with select retail partners across North America.

SOURCE LXRandCo, Inc.

Copyright 2021 Canada NewsWire

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