Jeffs' Brands Announces Preliminary Unaudited Financial Results For Fort Products Ltd., Its Wholly Owned Subsidiary, On Its Revenue For Sales On Amazon Marketplace, Generated Revenues For The Period, Amounted To ~$5.3M In 2023
Portfolio Pulse from Benzinga Newsdesk
Jeffs' Brands Ltd (NASDAQ:JFBR, JFBRW), a data-driven e-commerce company, announced preliminary unaudited financial results for its subsidiary, Fort Products Ltd., showing a 23% increase in Amazon Marketplace sales revenue to $5.3M for 2023. The profit from these sales was $614K, up from $445K in 2022. CEO Victor Hakmon highlighted the success since acquiring Fort and plans for future growth.
March 12, 2024 | 12:01 pm
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Jeffs' Brands Ltd announced a 23% increase in Amazon sales revenue to $5.3M for 2023 through its subsidiary Fort Products, with profits rising to $614K. The company plans further expansion.
The significant increase in sales revenue and profit for Fort Products, a subsidiary of Jeffs' Brands, indicates strong performance and operational success. The positive outlook and expansion plans shared by the CEO further support a bullish short-term impact on JFBR's stock price.
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