June LTM Total Net Revenue of $21.2 Million
June Total and
E-commerce Net Revenue Increased by 31% and 69%,
respectively
E-commerce Penetration was 60% of
Total Net Revenue in June
Year-to-date Total and
E-commerce Net Revenue up 48% and 57% Versus Last Year
MONTREAL, July 11,
2022 /CNW/ -LXRandCo, Inc. (LXR or the
Company) (TSX: LXR), today provided its monthly financial
update, which includes total net revenue and e-commerce net revenue
estimates for the month of June 2022
and the latest twelve months (LTM) period ending
June 30, 2022.
In June 2022, the Company realized
total net revenue of $1.8 million,
including e-commerce net revenue of $1.1
million, which represented growth of 31% and 69%,
respectively, over the same period last year. For LTM ending
June 30, 2022, the Company realized
total net revenue of $21.2 million,
including LTM e-commerce net revenue of $12.9 million, which represented an increase of
64% and 92%, 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
|
2,000
|
55 %
|
18,031
|
|
1,235
|
52 %
|
10,561
|
|
January,
2022
|
1,025
|
109 %
|
18,565
|
|
797
|
62 %
|
10,867
|
|
February
|
1,423
|
137 %
|
19,388
|
|
1,069
|
135 %
|
11,481
|
|
March
|
1,847
|
22 %
|
19,724
|
|
1,283
|
105 %
|
12,137
|
|
April
|
1,947
|
64 %
|
20,481
|
|
1,142
|
17 %
|
12,304
|
|
May
|
1,706
|
18 %
|
20,747
|
|
1,027
|
14 %
|
12,432
|
|
June
|
1,829
|
31 %
|
21,180
|
|
1,098
|
69 %
|
12,881
|
|
|
|
|
|
|
|
|
|
YTD-2022
|
9,777
|
48 %
|
21,180
|
|
6,416
|
57 %
|
12,881
|
|
|
|
|
|
|
|
|
|
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.