March LTM Total Net Revenue of
$19.7
Million.
March Total and
E-commerce Net Revenue Increased 18% and 106%,
Respectively.
E-commerce Penetration
was 72% of Total Net Revenue in March.
MONTREAL, April 14,
2022 /CNW/ - LXRandCo, Inc.
(LXR or the Company) (TSX: LXR) (TSX: LXR.WT), today
provided its monthly financial update, which includes total net
revenue and e-commerce net revenue estimates for the month of
March 2022 and the latest twelve
months (LTM) period ending March 31,
2022.
In March 2022, the Company
realized total net revenue of $1.8
million, including e-commerce net revenue of $1.3 million, which represented growth of 18% and
106%, respectively, over the same period last year. For LTM ending
March 31, 2022, the Company realized
total net revenue of $19.7 million,
including LTM e-commerce net revenue of $12.0 million, which represented an increase of
92% and 140%, respectively, over the same period last year. 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
|
(C$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%
|
18,586
|
|
797
|
62%
|
10,677
|
February
|
1,437
|
140%
|
19,423
|
|
1,069
|
135%
|
11,290
|
March
|
1,788
|
18%
|
19,700
|
|
1,293
|
106%
|
11,957
|
|
|
|
|
|
|
|
|
Q1-2022
|
4,271
|
64%
|
19,700
|
|
3,159
|
100%
|
11,957
|
|
|
|
|
|
|
|
|
Target for FY2022
|
|
|
25,000—
30,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following chart illustrates LXR's LTM total net
revenue momentum since January 2021.
The Company's full year net revenue outlook for 2022 is between
$25 million and $30 million.
The Company will report its Q1-2022 financial results in
May 2022.
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.