| (USD) | Sep 2023 | Q/Q |
|---|---|---|
| Revenue | 20.6MM | +9% |
| Gross Profit | 4.9MM | -16% |
| Cost Of Revenue | 15.7MM | +21% |
| Operating Income | -10.6MM | -12% |
| Operating Expenses | 15.5MM | -13% |
| Net Income | -14.2MM | - |
| R&D | 2.9MM | +0% |
| G&A | 12.6MM | -16% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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ToughBuilt Industries Inc. successfully obtained a letter of credit from King Trade Capital (“KTC”), a provider of more than $2.5 billion in capital to over 400 public and private companies worldwide. Credit line expected to empower ToughBuilt Industries Inc. to strengthen purchasing power by a minimum of $30 million annually. IRVINE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt” or the “Company”) (NASDAQ: TBLT) today announced its strategic alliance with K
IRVINE, Calif., Feb. 16, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. (“ToughBuilt” or the “Company”) (NASDAQ: TBLT; TBLTW), today announced the closing of its previously announced public offering of 772,628 shares of its common stock (or pre-funded warrants in lieu thereof), together with warrants to purchase up to 772,628 shares of its common stock at an offering price to the public of $4.53 per share (or pre-funded warrant) and associated warrant. The warrants have an exercise price o
IRVINE, Calif., Feb. 14, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. (“ToughBuilt” or the “Company”) (NASDAQ: TBLT; TBLTW), today announced the pricing of a public offering of 772,628 shares of its common stock (or pre-funded warrants in lieu thereof), together with warrants to purchase up to 772,628 shares of its common stock at an offering price to the public of $4.53 per share (or pre-funded warrant) and associated warrant. The warrants will have an exercise price of $4.405 per share
The Company anticipates achieving positive operating cash flow by Q3 2024.Contributing factors include: Launching multiple products in revenue generating categories.Streamlining operations, improving cost-savings, and exercising cutbacks.Increasing prices, where necessary. IRVINE, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt” or the “Company”) (NASDAQ: TBLT), announced today its goal of achieving positive operating cash flow by the third quarter of fiscal 20
In January ToughBuilt announced an additional 16 SKUs would become available for the StackTech® Mobile Storage Ecosystem.ToughBuilt entered the Stacking Tool Storage and Toolbox market for the first-time beginning October 19, 2023, disrupting industry competitors and generating millions of online impressions. StackTech™ is the world’s first auto-locking stacking storage solution with 14 unique features. The Toolbox category is projected to expand at a CAGR of 8.3% from 2022 to 2032, with an expe
Common Stock Will Begin Trading on a Split-Adjusted Basis of 1-for-65IRVINE, Calif., Dec. 26, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. (NASDAQ: TBLT) (“ToughBuilt” or the “Company”), today announced that it intends to effect a reverse stock split of its common stock at a ratio of 1 post-split share for every 65 pre-split shares. The reverse stock split will become effective at 4:30 p.m., New York time, on January 1, 2024. ToughBuilt’s common stock will continue to be traded on the Na
ToughBuilt Industries, Inc. (NASDAQ:TBLT) Q3 2023 Earnings Call Transcript November 16, 2023 Operator: Good afternoon, everyone. And welcome to the ToughBuilt Industries Third Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please also note today’s event is being recorded. And at this time, I would like to turn […]
Revenue increased 9% quarter-over-quarter to $20.6 million Operating expenses decreased 11% year-over-year to $15.4 million, over $2 million saved. IRVINE, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or “the Company”) (NASDAQ: TBLT; TBLTW), today reported the Company’s financial results for the fiscal quarter ended September 30, 2023. The Company will host its Q3 2023 earnings conference call today at 5:00 p.m. (ET). Financial Highlights for the Quarter En
LAKE FOREST, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW), today reports that it will hold an earnings call to discuss the Company’s 2023 first quarter financial and operating results on Tuesday, November 14, 2023 at 5:00pm ET. Michael Panosian, Chief Executive Officer, and Martin Galstyan, Chief Financial Officer, will host the conference call to review the Company’s financial and operating results. To attend the conference call, ple
ToughBuilt, industries ToughBuilt, industries ToughBuilt entered the Stacking Tool Storage and Toolbox market for the first-time beginning October 19th, 2023, with an initial roll out of more than 25 SKUs. StackTech™ is the world’s first auto-locking stacking tool storage solution with 14 unique features. The Toolbox category is projected to expand at a CAGR of 8.3% from 2022 to 2032, with an expected market share of USD 6.8 Billion by 2032, according to a 2022 market research report*. IRVINE, C