ToughBuilt Industries to Discuss Fourth Quarter and Full Year 2021 Financial Results on April 18, 2022

Rhea-AI Summary

ToughBuilt Industries, Inc. (NASDAQ: TBLT; TBLTW) will hold a conference call on April 18, 2022, at 5:00 pm ET to discuss its 2021 fourth quarter and year-end financial results. CEO Michael Panosian and CFO Martin Galstyan will lead the call following the filing of the Company’s Form 10-K with the SEC on April 15, 2022. Interested participants can join via teleconference or webcast. The Company focuses on designing and distributing innovative tools and accessories for the construction industry and has seen significant annual sales growth since 2013.

Positive

• Significant annual sales growth since 2013.
• Focuses on innovative product design in the construction tools market.

Negative

• Risks associated with supply chain disruptions and market acceptance.
• Reliance on a single supplier for key product components.
• Need to raise additional capital for business requirements.

Conference call to be held at 5:00 pm ET

LAKE FOREST, Calif., April 14, 2022 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW), announced today that it will hold an earnings call to discuss the Company’s 2021 fourth quarter and year-end financial and operating results at 5:00 pm (ET) on Monday, April 18, 2022.

Michael Panosian, Chief Executive Officer, and Martin Galstyan, Chief Financial Officer, will host the call to review the Company’s financial and operating results in connection with the Company’s 2021 Form 10-K anticipated to be filed by the Company with the Securities and Exchange Commission on April 15, 2022 and the subsequent earnings release.

To attend the conference call, please dial one of the teleconference numbers below or follow the live audio webcast here: Q4 Earnings Call. Attendees are encouraged to dial in to the conference call at least five minutes prior to the start time.

U.S. TOLL-FREE: 1-877-407-9716
INTERNATIONAL: 1-201-493-6779

To listen to a replay of the conference call, please dial one of the teleconference numbers below. The replay will also be available through the audio webcast link here: Q4 Earnings Call.

REPLAY U.S. TOLL-FREE: 1-844-512-2921
REPLAY INTERNATIONAL: 1-412-317-6671
REPLAY PIN: 13728919

ABOUT TOUGHBUILT INDUSTRIES, INC.
ToughBuilt is an advanced product design, manufacturer and distributor with emphasis on innovative products. Currently focused on tools and other accessories for the professional and do-it-yourself construction industries. We market and distribute various home improvement and construction product lines for both the do-it-yourself and professional markets under the TOUGHBUILT brand name, within the global multibillion dollar per year tool market industry. All of our products are designed by our in-house design team. Since launching product sales in 2013, we have experienced significant annual sales growth. Our current product line includes three major categories, with several additional categories in various stages of development, consisting of Soft Goods & Kneepads and Sawhorses & Work Products. Our mission is to provide products to the building and home improvement communities that are innovative, of superior quality derived in part from enlightened creativity for our end users while enhancing performance, improving well-being and building high brand loyalty. Additional information about the Company is available at: https://www.toughbuilt.com/.

FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the impact of the worldwide COVID-19 pandemic and government actions, on our business, (ii) supply chain disruptions, (iii) market acceptance of our existing and new products, (iv) delays in bringing products to key markets; (v) an inability to secure regulatory approvals for the ability to sell our products in certain markets, (vi) intense competition in our industry from much larger, multinational companies, (vii) product liability claims, (viii) product malfunctions, (ix) our limited manufacturing capabilities and reliance on subcontractors for assistance, (x) our efforts to successfully obtain and maintain intellectual property protection covering our products or defend ourselves from third parties’ infringement claims, (xi) our reliance on a single supplier for certain product components, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain, (xiii) the fact that we conduct business in multiple foreign jurisdictions, exposing us to tariffs, foreign currency exchange rate fluctuations, logistical and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction and (xiv) changes in e-commerce marketplaces. More detailed information about the Company and the risk factors that may affect the realization of forward looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K and our subsequent Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company encourages you to consider all of these risks, uncertainties and other factors carefully in evaluating the forward-looking statements contained in this press release. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.

Investor Relations Contact:
KCSA Strategic Communications
David Hanover
toughbuilt@kcsa.com

Source: ToughBuilt Industries, Inc

FAQ

When is ToughBuilt's earnings call?

ToughBuilt's earnings call is scheduled for April 18, 2022, at 5:00 pm ET.

What financial results will ToughBuilt discuss in the earnings call?

ToughBuilt will discuss its 2021 fourth quarter and year-end financial results during the earnings call.

How can I listen to the ToughBuilt earnings call?

Listeners can attend the call via teleconference or through a live audio webcast.

What are the stock symbols for ToughBuilt Industries?

The stock symbols for ToughBuilt Industries are TBLT, TBLTW.

What challenges does ToughBuilt face according to the press release?

Challenges include supply chain disruptions, reliance on a single supplier, and the need for additional capital.