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Jeffs' Brands (Nasdaq: JFBR, JFBRW), an e-commerce company operating on Amazon, reported a 55% increase in revenues for its subsidiary, Fort Products, in Q1 2024. Fort's Amazon sales reached $2.125 million, up from $1.375 million in Q1 2023. Profit attributed to these sales rose by 106.6%, amounting to $266,000 compared to $129,000 in the previous year. CEO Victor Hakmon attributes the success to their acquisition of Fort and their focused online sales strategy in the pest control market.
Jeffs’ Brands , operating on the Amazon Marketplace, received a notice from Nasdaq due to non-compliance with the minimum bid price requirement of $1.00 per share. The company has a 180-day grace period to meet the requirement or face potential delisting.