December Total and E-commerce Net Revenue Up
60% and 29%, Respectively.
Full Year 2021 Total and
E-commerce Net Revenue Up 31% and 137%, Respectively.
MONTREAL, Jan. 13, 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 December 2021 and the latest twelve months
(LTM) period ending December 31,
2021.
Monthly and YTD Total and E-Commerce Net Revenue
In
December 2021, the Company realized
total net revenue of $2.1 million,
including e-commerce net revenue of $1.0
million, which represented growth of 60% and 29%,
respectively, over the same period last year. For the twelve-month
period ending December 31, 2021, the
Company realized total net revenue of $18.1
million, including e-commerce net revenue of $10.4 million, which represented an increase of
31% and 137%, respectively, over the same period last year.
December marked the 10th consecutive month over month
of double-digit revenue growth. In addition, e-commerce net revenue
crossed the million-dollar monthly level for the third consecutive
month. The following table summarizes 2021 year-to-date total and
e-commerce monthly net revenue as compared to comparable periods in
2020:
|
Total Net
Revenue
|
|
E-commerce Net
Revenue
|
|
($000s)
|
2021
|
2020
|
|
2021
|
2020
|
|
|
B/(W)
|
|
|
B/(W)
|
|
January
|
491
|
(74%)
|
|
491
|
61%
|
|
February
|
600
|
(80%)
|
|
455
|
30%
|
|
March
|
1,511
|
24%
|
|
627
|
96%
|
|
April
|
1,190
|
444%
|
|
975
|
445%
|
|
May
|
1,440
|
240%
|
|
899
|
155%
|
|
June
|
1,396
|
77%
|
|
649
|
140%
|
|
July
|
1,401
|
22%
|
|
833
|
240%
|
|
August
|
1,555
|
29%
|
|
844
|
196%
|
|
September
|
2,031
|
304%
|
|
831
|
134%
|
|
October
|
2,165
|
245%
|
|
1,240
|
155%
|
|
November
|
2,251
|
53%
|
|
1,482
|
256%
|
|
December
|
2,075
|
60%
|
|
1,046
|
29%
|
|
December
YTD
|
$18,107
|
31%
|
|
$10,371
|
137%
|
Quarterly and LTM Total and E-commerce Net Revenue
History
On a December 31,
2021 LTM basis, the Company estimates total net revenue of
$18.1 million and e-commerce net
revenue of $10.4 million. E-commerce
penetration was 57% of total net revenue. The following table
provides historical quarterly and LTM total net revenue and
e-commerce net revenue since Q1-2019:
|
Total Net
Revenue
|
|
E-Commerce Net
Revenue
|
|
E-Commerce
Penetration
|
|
Actuals
($):
|
Quarterly
|
LTM
|
|
Quarterly
|
LTM
|
|
LTM
|
|
Q1 2019
|
8,756,063
|
38,982,959
|
|
604,023
|
2,294,094
|
|
6%
|
|
Q2 2019
|
8,558,435
|
38,254,627
|
|
959,525
|
2,654,334
|
|
7%
|
|
Q3 2019
|
8,314,615
|
36,493,740
|
|
985,288
|
3,057,856
|
|
8%
|
|
Q4 2019
|
14,440,173
|
40,069,286
|
|
1,175,652
|
3,724,488
|
|
9%
|
|
Q1 2020
|
6,097,604
|
37,410,827
|
|
975,592
|
4,096,057
|
|
11%
|
|
Q2 2020
|
1,430,284
|
30,282,676
|
|
802,658
|
3,939,190
|
|
13%
|
|
Q3 2020
|
2,857,718
|
24,825,779
|
|
885,669
|
3,839,571
|
|
15%
|
|
Q4 2020
|
3,391,813
|
13,777,419
|
|
1,715,804
|
4,379,723
|
|
32%
|
|
Q1 2021
|
2,602,071
|
10,281,886
|
|
1,572,640
|
4,976,771
|
|
48%
|
|
Q2 2021
|
4,026,028
|
12,877,630
|
|
2,522,682
|
6,696,795
|
|
52%
|
|
Q3 2021
|
4,987,628
|
15,007,540
|
|
2,506,850
|
8,317,976
|
|
55%
|
|
Q4
2021
|
6,490,910
|
18,106,637
|
|
3,768,627
|
10,370,799
|
|
57%
|
|
Target
for
Q4
2021
|
|
18,000,000—20,000,000
|
|
|
|
50%—65%
|
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. For further
information, please contact:
SOURCE LXRandCo, Inc.