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Sep 30, 2021
ToughBuilt Q3 2021 Earnings Report
Achieved record quarterly revenue driven by demand, international expansion and accelerated order volume.
Key Takeaways
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%.
Achieved record sales in the third quarter of 2021.
Year-to-date revenue growth of 89% on an adjusted basis.
Expanded available store count by approximately 1,400 in the quarter.
Secured favorable shipping contracts, expected to improve gross margin in the coming quarters.
Forward Guidance
The company expects full year 2021 revenue in the range of $70-$74 million, representing 77-87% year-over-year growth.
Positive Outlook
- Full year 2021 revenue in the range of $70-$74 million.
- 77-87% year-over-year growth.
- Fourth quarter gross margin improvement as a result of favorable shipping contracts secured in the third quarter of 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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