SFLMaven Sees Acceleration in Performance Metrics in October on Seasonal and Supply Chain Tailwinds

Rhea-AI Summary

SFLMaven Corp. (OTC PINK: SFLM) reported robust October 2021 performance, with total sales of $864,377, marking a 42% increase year-over-year. The company's sales volume saw a 29% uptick, reflecting strong market demand. Additionally, SFLMaven achieved over 33.5 million web impressions and 362k page views, indicating significant growth in online presence. CEO Joseph Ladin noted the benefits from both unique and seasonal factors, anticipating continued momentum through year-end. The firm is recognized for its high-end luxury goods and successful Thursday Night Auctions.

Positive

• Total sales rose by 42% year-over-year to $864,377.
• Sales volume increased by 29% year-over-year.
• Achieved over 33.5 million web impressions in October.
• 362k page views recorded in October, up year-over-year.

Negative

• None.

NEW YORK, Nov. 04, 2021 (GLOBE NEWSWIRE) -- SFLMaven Corp. (OTC PINK: SFLM), ("SFLMaven" or the "Company"), a leading provider of high-end luxury goods, is excited to announce further improvement in core metrics during the month of October, which featured accelerating year-over-year growth in sales, volume, and web analytics measures, as well as continued sequential strength on a per-auction monthly basis.

October 2021 Performance Highlights

• Total sales up 42% year over year, and steady on sequential monthly basis
• Sales volume up 29% year over year
• 33.5 million October web impressions, up year over year and sequentially
• 362k October page views, up year over year and sequentially

October saw $864,377 in total sales, or more than $216k in per-auction sales, which represents 42% year-over-year growth when compared to October 2020 on a per-auction basis (the Company’s auctions famously occur on Thursday evenings and October 2021 had only four Thursdays, whereas October 2020 had five Thursdays). October also saw a 29% year-over-year jump in sales volume on a per-auction basis.

In addition, the Company also saw over 33.5 million web impressions, and over 362k page views during the month of October, showing growth in web presence on both a sequential monthly and year-over-year basis.

“October demonstrated another very strong month in terms of core performance metrics, with solid growth evident in sales, volume, and web presence,” noted SFLMaven CEO, Joseph Ladin. “We are benefitting from unique situational factors as well as seasonal factors at this point, and we anticipate those tailwinds to carry at least through year-end.”

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 SFLMaven's total sales for October 2021?

SFLMaven's total sales for October 2021 were $864,377, a 42% increase year-over-year.

How much did SFLMaven's sales volume increase in October 2021?

Sales volume increased by 29% year-over-year in October 2021.

What is the significance of SFLMaven's web impressions in October 2021?

SFLMaven achieved over 33.5 million web impressions in October 2021, indicating strong online engagement.

Who is the CEO of SFLMaven and what did he say about October's performance?

CEO Joseph Ladin stated that October demonstrated strong growth in sales, volume, and web presence, expecting continued momentum through year-end.