Estimated Total and E-commerce Net Revenue Up
304% and 134%, Respectively
MONTREAL, Oct. 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 September
2021 and estimates for the year-to-date (YTD) and the
latest twelve months (LTM) periods ending September 30, 2021.
Monthly and YTD Net Revenue
In September 2021, the Company realized total net
revenue of $2.0 million, including
e-commerce net revenue of $0.8
million, which represented growth of 304% and 134%,
respectively, over the same period last year. For the YTD
nine-month period ending September 30,
2021, the Company realized total net revenue of $11.6 million, including e-commerce net revenue
of $6.6 million, which represented an
increase of 12% and an increase of 148%, respectively, over the
same period last year.
September marked the seventh consecutive month of double-digit
revenue growth and our highest monthly revenue since February 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%
|
|
August1
|
1,555
|
29%
|
|
844
|
196%
|
|
September
|
2,031
|
304%
|
|
831
|
134%
|
|
September
YTD
|
$11,616
|
12%
|
|
$6,602
|
148%
|
|
|
|
|
1 Following accounting adjustments,
August results were updated since the September 13, 2021 press
release.
|
LTM Total and E-commerce Net Revenue History
On an
LTM basis, for September 2021, the
Company had total net revenue of $15.0
million. LTM September 2021
e-commerce net revenue was $8.3
million, a level 84% higher than the same period last year.
We expect to post successively higher increases in LTM revenue for
both total and e-commerce net revenue throughout the
year.
The following table provides historical quarterly and LTM total
net revenue and e-commerce net revenue for which financial
statements have been prepared by us as a reporting issuer.
|
Total net
revenue
|
|
E-commerce net
revenue
|
|
E-commerce
penetration
|
|
Actuals
($):
|
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%
|
|
Q3
2021
|
4,987,628
|
15,007,540
|
|
2,506,580
|
8,317,976
|
|
55%
|
|
|
|
|
|
|
|
|
|
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.