April LTM Total Net Revenue of $20.5 Million.
April Total and E-commerce Net Revenue Increased 64% and 17%,
Respectively.
E-commerce Penetration was 58% of Total Net Revenue in
April.
MONTREAL, May 18, 2022
/CNW/ - LXRandCo, Inc. (LXR or the Company) (TSX:
LXR) (TSX: LXR.WT), today provided its monthly financial update,
which includes total net revenue and e-commerce net revenue
estimates for the month of April 2022
and the latest twelve months (LTM) period ending
April 30, 2022.
In April 2022, the Company
realized total net revenue of $1.9
million, including e-commerce net revenue of $1.1 million, which represented growth of 64% and
17%, respectively, over the same period last year. For LTM ending
April 30, 2022, the Company realized
total net revenue of $20.5 million,
including LTM e-commerce net revenue of $12.3 million, which represented an increase of
82% and 113%, 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%
|
6,692
|
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%
|
18,565
|
|
797
|
62%
|
10,867
|
February
|
1,423
|
137%
|
19,388
|
|
1,069
|
135%
|
11,481
|
March
|
1,847
|
22%
|
19,724
|
|
1,283
|
105%
|
12,138
|
April
|
1,947
|
64%
|
20,480
|
|
1,142
|
17%
|
12,305
|
|
|
|
|
|
|
|
|
YTD-2022
|
6,242
|
65%
|
20,480
|
|
4,291
|
68%
|
12,305
|
|
|
|
|
|
|
|
|
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.