May LTM Total Net Revenue of
$20.7
Million.
May Total and E-commerce Net
Revenue Increased 14% and 9%,
Respectively.
E-commerce Penetration was 60%
of Total Net Revenue in May.
Year-to-date
Total and E-commerce Net Revenue up 51% and 53% Versus Last
Year.
MONTREAL, June 16,
2022 /CNW/ - LXRandCo, Inc. (LXR or the
Company) (TSX: LXR) (LXR.WT), today provided its monthly
financial update, which includes total net revenue and e-commerce
net revenue estimates for the month of May
2022 and the latest twelve months (LTM) period ending
May 31, 2022.
In May 2022, the Company
realized total net revenue of $1.6
million, including e-commerce net revenue of $1.0 million, which represented growth of 14% and
9%, respectively, over the same period last year. For LTM ending
May 31, 2022, the Company realized
total net revenue of $20.7 million,
including LTM e-commerce net revenue of $12.4 million, which represented an increase of
69% and 96%, 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
|
1,999
|
55 %
|
18,031
|
|
1,236
|
52 %
|
10,561
|
January,
2022
|
1,025
|
109 %
|
18,564
|
|
797
|
62 %
|
10,868
|
February
|
1,423
|
137 %
|
19,387
|
|
1,069
|
135 %
|
11,482
|
March
|
1,847
|
22 %
|
19,723
|
|
1,283
|
105 %
|
12,138
|
April
|
1,947
|
64 %
|
20,480
|
|
1,142
|
17 %
|
12,305
|
May
|
1,637
|
14 %
|
20,677
|
|
981
|
9 %
|
12,387
|
|
|
|
|
|
|
|
|
YTD-2022
|
7,879
|
51 %
|
20,677
|
|
5,272
|
53 %
|
12,387
|
|
|
|
|
|
|
|
|
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.
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.