January Total and E-commerce Net Revenue
Increased 113% and 62%,
Respectively.
E-commerce Penetration was 76%
of Total Net Revenue in January.
Generated
Positive Adjusted EBITDA in Q4-2021.
MONTREAL, Feb. 8, 2022
/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 handbags and personal
accessories, today provided a financial update, which
includes total net revenue and e-commerce net revenue estimates for
the month of January 2022 and the
latest twelve months (LTM) period ending January 31, 2022. In addition, the Company is
pleased to report that it generated positive adjusted EBITDA in the
fourth quarter of 2021. The Company will report its Q4-2021 and
full year 2021 financial results at the end of March 2022.
In January 2022, the Company
realized total net revenue of $1.0
million, including e-commerce net revenue of $0.8 million, which represented growth of 113%
and 62%, respectively, over the same period last year. For the
twelve-month period ending January 31,
2022, the Company realized total net revenue of $18.7 million, including e-commerce net revenue
of $10.7 million, which represented
an increase of 34% and 134%, respectively, over the same period
last year.
January marked the eleventh consecutive month
over month of double-digit revenue growth. The following table
summarizes 2021 and year-to-date 2022 total and e-commerce monthly
net revenue as compared to comparable periods in the prior
year:
|
Total Net Revenue
|
|
E-commerce Net Revenue
|
|
($000s)
|
Monthly
|
B/(W) from
prior year
|
LTM
|
|
Monthly
|
B/(W) from
prior year
|
LTM
|
|
January,
2021
|
491
|
(74%)
|
12,345
|
|
491
|
61%
|
4,565
|
|
February
|
600
|
(80%)
|
9,986
|
|
455
|
30%
|
4,670
|
|
March
|
1,511
|
24%
|
10,282
|
|
627
|
96%
|
4,977
|
|
April
|
1,190
|
444%
|
11,253
|
|
975
|
445%
|
5,773
|
|
May
|
1,440
|
240%
|
12,270
|
|
899
|
155%
|
6,319
|
|
June
|
1,396
|
77%
|
12,878
|
|
649
|
140%
|
6,697
|
|
July
|
1,401
|
22%
|
13,129
|
|
833
|
240%
|
7,285
|
|
August
|
1,555
|
29%
|
13,479
|
|
844
|
196%
|
7,843
|
|
September
|
2,031
|
304%
|
15,008
|
|
831
|
134%
|
8,318
|
|
October
|
2,165
|
245%
|
16,544
|
|
1,240
|
155%
|
9,071
|
|
November
|
2,251
|
53%
|
17,325
|
|
1,482
|
256%
|
10,137
|
|
December
|
2,075
|
60%
|
18,107
|
|
1,046
|
29%
|
10,371
|
|
January, 2022
|
1,046
|
113%
|
$18,662
|
|
797
|
62%
|
$10,677
|
|
|
|
|
|
|
|
|
|
Target for
FY2022
|
|
|
25,000,000—
30,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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.