February LTM Net Revenue of $19.5 Million.
February Total and
E-commerce Net Revenue Increased 140% and 135%,
Respectively.
E-commerce Penetration was 74% of Total
Net Revenue in February.
MONTREAL, March 10, 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 February 2022 and the latest twelve months
(LTM) period ending February 28,
2022. The Company will report its Q4-2021 and full year 2021
financial results on or about March 24,
2022.
In February 2022, the Company
realized total net revenue of $1.4
million, including e-commerce net revenue of $1.1 million, which represented growth of 140%
and 135%, respectively, over the same period last year. For the
twelve-month period ending February 28,
2022, the Company realized total net revenue of $19.5 million, including LTM e-commerce net
revenue of $11.3 million, which
represented an increase of 74% and 142%, respectively, over the
same period last year.
February marked the twelfth consecutive month over month of
double-digit revenue growth. 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
|
|
($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%
|
18,662
|
|
797
|
62%
|
10,677
|
|
February
|
1,437
|
140%
|
19,499
|
|
1,069
|
135%
|
11,291
|
|
|
|
|
|
|
|
|
|
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 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.