ToughBuilt Anticipates Positive Operating Cash Flow By Q3 2024; Intends To Focus On Generating Revenue Through The Sales Of Newly Launched Products In Various Categories, Implementing Cost-Saving Measures, And Considering Price Adjustments Where Necessary
Portfolio Pulse from Benzinga Newsdesk
ToughBuilt Industries, Inc. (NASDAQ:TBLT) aims for positive operating cash flow by Q3 2024 through new product sales, cost-saving measures, and price adjustments. The company is focusing on streamlining operations, exploring market expansion, and partnering with global retailers. CEO Michael Panosian highlighted growth in revenue, gross margins, and SG&A expense management as key factors.
February 13, 2024 | 1:02 pm
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ToughBuilt aims for positive operating cash flow by Q3 2024, focusing on new product sales, cost-saving, and price adjustments.
ToughBuilt's announcement of targeting positive operating cash flow by Q3 2024 through strategic initiatives such as launching new products, implementing cost-saving measures, and adjusting prices where necessary is likely to instill investor confidence. The focus on revenue growth, operational efficiency, and market expansion could positively impact the stock price in the short term as investors may view these strategies as steps towards financial stability and growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100