ToughBuilt Industries reported a 32% decrease in revenue to $20.6 million for Q3 2023 compared to $30.2 million in Q3 2022. The company experienced a net loss of $8.4 million, or $(0.27) per share, compared to a net income of $539 thousand, or $0.05 per share, in Q3 2022. However, operating expenses decreased by 23.8% to $14.2 million.

ToughBuilt Industries announced a 28% increase in gross sales through Amazon.com for Q3 2022, reaching $3.91 million compared to the same quarter in 2021. The company emphasizes the role of online sales in driving overall revenue growth as they expand their global Amazon marketplaces.

ToughBuilt Industries reported a 41% increase in gross sales through Amazon.com, reaching $3.4 million for the quarter ended March 31, 2022, compared to $2.4 million for the first quarter of 2021. The company anticipates further growth with the launch of 5-10 new product lines later in the year.

ToughBuilt Industries reported record quarterly revenue of $17.2 million for Q3 2021. The company expects full year 2021 revenue in the range of $70-74 million, representing year-over-year growth of 77-87%.

ToughBuilt Industries reported a significant increase in revenue for Q2 2021, reaching $15.9 million. This growth was fueled by strong demand from leading retailers in the US and abroad across all product lines. The company also achieved record Amazon sales in the first half of 2021 and strengthened relationships with retail partners while penetrating new large retailers in European markets.

ToughBuilt Industries reported strong fundamentals based on execution team, customer relationships, balance sheet, commitment to research and development and continued customer service for the fiscal year 2020.

ToughBuilt Industries announced record financial results for the third quarter of 2020, despite the Covid-19 pandemic. The company increased inventory levels, expanded its product pipeline, and strengthened customer and manufacturing relationships.