Apex Trader Funding - News
Jeffs' Brands: Fort Amazon's Revenues increased by 55% to $2.125 million in the First Quarter of 2024
Tel Aviv, Israel, May 16, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd ("Jeffs' Brands" or the "Company") (NASDAQ:JFBR, JFBRW)), a data-driven e-commerce company operating on the Amazon Marketplace, today announced preliminary unaudited financial results for Fort Products Ltd. ("Fort"), its wholly owned subsidiary, on its revenue for sales on Amazon Marketplace, according to the data received from the Amazon seller central. The following results are for the first quarter of 2024, starting on January 1, 2024, and ending on March 31, 2024 (the "Period").
Fort's Amazon generated revenues for the Period, amounted to approximately $2.125 million (£1.7 million), representing an increase of 55% compared $1.375 million (£1.1 million) at the same period of 2023. Profit for the Period, attributed directly to Fort's Amazon sales, amounted to $266 thousands (£213 thousand), compared to $129 thousands (£103 thousand) in the first quarter of 2023, an increase of 106.6%.
Victor Hakmon, CEO of Jeffs' Brands said "We are encouraged by the impressive results of Fort. The impressive increase in revenue and profitability shows that the acquisition we made about a year ago was a success. We brought our capabilities and experience in online sales, with a focus on the Amazon marketplace, to the growing pest control market, and the reputation of the Fort brand, which turned out ...