BRAVADA International Releases its Q1 2021 Financial Results
BRAVADA International Ltd (Pink Sheets: BRAV) reported its Q1 2021 financial results, highlighting gross revenue of $815,638.44 and a net income of $119,678.64. The company maintains a strong cash position with $197,176.65 on hand and total current assets of $1,018,092.94. Despite challenges in the PPE sector, sales remained strong, supported by high-profile clientele including professional sports teams. The company launched new websites to expand its online presence and enhance distribution of women's fashion products.
- Gross revenue of $815,638.44 and net income of $119,678.64.
- Strong cash position with $197,176.65 on hand.
- Total current assets stand at $1,018,092.94.
- Successful sales through established websites, particularly in women's fashion and PPE.
- PPE business slowed down despite still having bulk sales.
BRAVADA International Ltd (https://www.Bravada.com) (Pink Sheets: BRAV) announced today its Q1 2021 financial results. Highlights are as follows:
-
Gross revenue was
$815,638.44 . -
Net income was
$119,678.64 . -
Cash on Hand was
$197,176.65 . -
Total Current Assets of
$1,018,092.94 . -
Return rate of
1.8% - The average return rate for online purchases is 20 -30% . The highest is in the clothing and footwear categories, according to data from GlobalData. -
Only 2 chargebacks for a total of
$46.70 on over$1.1 million in sales in 2021. - A current ratio of 19.6 : 1
First Quarter 2021 Highlights
In 2021, the Company continued to have excellent sales for its established websites: OnlyLeggings.com, LeggingsWholesale.com, MedicalMaskSuperstore.com and WorldofLeggings.com. Despite a slowing PPE business, sales remained robust with continuing bulk face mask sales continued in the quarter from professional sports teams as well as nationally recognized TV shows and Hollywood production companies for events that included the Oscars and the Super Bowl.
The Company’s financial results can be found here:
BRAVADA International Financial Results
“We have had success developing relationships with many high-profile customers,” replied Danny Alex, CEO of BRAVADA International. “We maintain a selection of premium-quality face masks and PPE, affordable pricing structure and second to none service levels. We continue to provide superior quality PPE for both large and small businesses that need a dependable supply of PPE. We are also expanding our USA Fashion brand with a growing selection of women’s fashion products that lend themselves very well to larger distribution opportunities. It is exciting to see where that product line takes us and its potential.”
Recently, the Company has launched a number of new websites as part of its expansion in 2021 and 2022. These websites include the following:
USAFashion.com
WorldofPets.com
WomensFashionWholesale.com
WholesalePetWorld.com
The Company shall provide additional information on its expansion shortly.
Please be aware that our social media accounts can be used from time to time for additional material events.
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About:
BRAVADA International is an internet and media company that owns and curates online properties through a proprietary methodology of creating, developing and operating retail and wholesale websites that provide an exciting blend of consumer level and B2B products and services.
Forward-looking Statements
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of BRAVADA International’s business, corporate growth, and related business strategy. Such statements may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause actual results to differ may emerge from time-to-time. BRAVADA International undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210518005752/en/
FAQ
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