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.