SFLMaven Provides Provisional Q4 2021 Performance Metrics

Rhea-AI Summary

SFLMaven Corp. (OTC PINK: SFLM) reported a 20% increase in sales to over $2.5 million for Q4 2021, driven by a 10% rise in average item pricing. The company sold nearly 3,000 products and achieved net sales exceeding $2.24 million. Web traffic also surged, with 1.13 million page views and 115 million web impressions, reflecting strong online engagement. CEO Joseph Ladin expressed confidence in continued growth and upcoming initiatives.

Positive

• Sales increased by 20% year-over-year to over $2.5 million.
• Net sales reached more than $2.24 million, up 19% year-over-year.
• Average sales price rose by over 10% to $845 per item.
• Web traffic grew significantly with 115 million impressions and 1.13 million page views.

Negative

• None.

Sales up 20% to $2.5 Million on 10% Jump in Average Item Pricing, Web Traffic Exceeds 1.1 Million

FORT LAUDERDALE, FL, Feb. 01, 2022 (GLOBE NEWSWIRE) -- SFLMaven Corp. (OTC PINK: SFLM), ("SFLMaven" or the "Company") (www.sflmaven.com), a leading provider of high-end luxury goods, is pleased to announce preliminary unaudited performance metrics for the three months ended December 31, 2021.

Note: All data points discussed below are preliminary unaudited information, subject to change in future Company filings.

“We closed 2021 with tremendous momentum across every major metric we followed,” stated Joseph Ladin, CEO of SFLMaven. “I’m very proud of our team and couldn’t be more excited going into 2022. Overall, Q4 featured big double-digit growth in sales and per-item pricing across thousands of sold items. And our web presence continued its rapid expansion, with double-digit traffic growth on a quarter-over-quarter basis.”

Unaudited Performance Highlights for Three Months Ended December 31, 2021

• Total sales of more than $2.5 million, up 20% year over year
• Net Sales of more than $2.24 million, up 19% year over year
• Average Sales Price of $845 per item, up over 10% year over year
• Nearly 3k individual products sold
• Over 115 million individual web impressions, up 10% on a sequential quarterly basis
• 1.13 million page views, up 11% on a sequential quarterly basis

During the three months ended December 31, the Company saw gross and net sales grow approximately 20% when compared to the comparable year-ago period. During the quarter, the Company sold nearly 3,000 items on average pricing growth of more than 10%, easily exceeding inflation during the same period.

The Company’s web traffic also exhibited strong growth with over 115 million individual web impressions and more than 1.1 million page views, representing double-digit sequential quarterly growth in the Company’s online presence.

Ladin continued, “The core business is clicking on all cylinders to start the new year. That provides a great foundation for some of our new growth initiatives, which we will talk about in more detail very soon.”

Follow SFLMaven on social media:

Twitter: @sflmaven
Instagram: sflmaven

About SFLMaven

SFLMaven Corp. (OTC Pink: SFLM) is a premium provider of high-end luxury goods to a global base of discerning patrons. Famous for its Thursday Night Auction events on its top-rated eBay store, SFLMaven has driven over $140 million in sales since inception, earning more than 100k positive reviews along the way.

For more information, please visit the Company's website at www.sflmaven.com.

FORWARD-LOOKING STATEMENTS:

This press release may contain forward-looking statements, including information about management's view of SFLMaven Corp.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words 'believes,' 'expects,' 'intends,' 'plans,' 'anticipates,' or 'may,' and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of SFLMaven, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on SFLMaven's future results. The forward-looking statements included in this press release are made only as of the date hereof. SFLMaven cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SFLMaven undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by SFLMaven.

SOURCE: SFLMaven Corp.

Corporate Contact
info@sflmaven.com

Public Relations
EDM Media, LLC
https://edm.media

FAQ

What were SFLM's sales figures for Q4 2021?

SFLMaven reported sales of over $2.5 million, representing a 20% increase year-over-year.

How much did the average item price increase for SFLM in Q4 2021?

The average item price rose by over 10% to $845 in Q4 2021.

What were the web traffic metrics for SFLM in Q4 2021?

SFLMaven experienced over 115 million web impressions and more than 1.1 million page views in Q4 2021.

Is SFLM's growth sustainable after Q4 2021 results?

CEO Joseph Ladin expressed confidence in continued growth and upcoming initiatives.