Jeffs’ Brands (JFBR)
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Jeffs' Brands Enters into a Definitive Agreement with Scanary, Marking Entry into the Global Homeland Security Market
Globenewswire· 2025-12-05 13:32
Core Insights - Jeffs' Brands Ltd has entered into a distribution agreement with Scanary Ltd to market AI-powered threat detection systems, marking its strategic entry into the global homeland-security sector [1][2]. Company Overview - Jeffs' Brands is a data-driven e-commerce company focused on transforming products into market leaders through advanced technology and insights into the Amazon FBA business model [4]. Agreement Details - KeepZone AI Inc., a subsidiary of Jeffs' Brands, will market Scanary's AI-radar screening systems, which can scan up to 25,000 people per hour without stopping, enhancing security at high-traffic venues [2][3]. - The agreement includes a one-time payment of $1 million to Scanary, payable in five installments of $200,000, with a free demonstration unit and technical support provided by Scanary [3]. Market Potential - The security scanning equipment market was valued at over $11.4 billion in 2022 and is expected to grow at a CAGR of over 7% from 2023 to 2032, indicating significant growth opportunities in the sector [3]. Distribution Rights - KeepZone has exclusive distribution rights for the systems in Canada, Germany, and the UAE for an initial 24-month period, extendable upon achieving a purchase target of 20 systems, and non-exclusive rights in Spain and Italy [6].
Jeffs' Brands Plans to Enter the Homeland Security Market with a Unique Security AI Screening Technology
Globenewswire· 2025-12-01 12:32
Core Viewpoint - Jeffs' Brands Ltd has entered into a non-binding Memorandum of Understanding (MOU) with Scanary Ltd to distribute AI-driven electromagnetic imaging security systems, marking a strategic entry into the global homeland-security sector [1][5]. Group 1: MOU Details - The MOU grants Jeffs' Brands Holdings the right to market and distribute Scanary's AI-radar screening systems, which can scan up to 25,000 people per hour without stopping them [2]. - The system provides real-time threat detection in under two seconds, utilizing 3D imaging and AI technology, and is designed for high-demand environments such as airports and stadiums [3]. - Jeffs' Brands Holdings will make a one-time payment of $1,000,000 to Scanary, payable in five installments, and will receive a demo system and technical support [4]. Group 2: Market Potential - The security scanning equipment market was valued at over USD 11.4 billion in 2022 and is expected to grow at a CAGR of over 7% from 2023 to 2032 [4]. - Jeffs' Brands Holdings will have exclusive distribution rights in Canada, Germany, and the UAE for an initial 24-month period, with the possibility of renewal based on sales performance [8]. Group 3: Corporate Rebranding - The MOU includes plans for a corporate rebranding of Jeffs' Brands Holdings to "KeepZone Technologies Inc." to align with its new focus on security technology [5].
Jeffs' Brands: Jeffs' Brands Holdings Enters Into a Non-Binding MOU for an Exclusive Multi Continent Distribution Agreement of an Electromagnetic Imaging, AI Homeland Security Technology
Globenewswire· 2025-11-17 13:08
Core Viewpoint - Jeffs' Brands Ltd is strategically pivoting into the global homeland-security sector by entering a non-binding MOU with Scanary Ltd to market and distribute advanced AI-powered threat detection systems capable of screening 25,000 people per hour without stopping them [1][2][3] Group 1: Partnership and Technology - The MOU allows Jeffs' Brands Holdings to market Scanary's AI-radar screening systems, which utilize 3D imaging and AI for real-time threat detection in under two seconds [2][3] - The system is designed for high-demand environments such as airports, stadiums, and major events, eliminating the need for traditional checkpoints and pat-downs [3] Group 2: Market Potential - The global security scanning equipment market was valued at over USD 11.4 billion in 2022 and is projected to grow at a CAGR of over 7% from 2023 to 2032 [4] - Jeffs' Brands Holdings will have exclusive distribution rights for the systems in Canada, Germany, and the UAE for an initial 24-month period, with the potential for renewal based on sales performance [8] Group 3: Financial Terms - Jeffs' Brands Holdings will make a one-time payment of $1 million to Scanary, payable in five installments of $200,000, with the payment fully repayable through 10% of Scanary's profits from sales outside exclusive territories [4] - Scanary will provide one free demo system and technical support for pre-sales activities upon the execution of the definitive agreement [4] Group 4: Corporate Rebranding - The MOU includes plans for a corporate rebranding of Jeffs' Brands Holdings to "KeepZone Technologies Inc." to align with its new focus on homeland security [5]
Jeffs’ Brands: Fort Technology Launches AI-Powered Pest Control App on Android, Completing Cross-Platform Rollout
Globenewswire· 2025-10-16 10:01
Core Insights - Jeffs' Brands Ltd has launched its AI-powered pest control mobile application, the Fort app, on the Google Play Store, completing its cross-platform rollout after a successful debut on the Apple App Store earlier this year [1][4] - The launch of the Fort app is a significant milestone in Jeffs' Brands' digital transformation strategy, enhancing its direct-to-consumer digital presence and market leadership in the e-commerce space [4] Company Overview - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging insights into the FBA Amazon business model and advanced technology [5] - Fort Technology Inc., a majority-owned subsidiary of Jeffs' Brands, specializes in manufacturing and selling pest control products for both amateur and professional markets [6] Product Features - The Fort app allows users to identify household pests using AI and provides customized treatment recommendations based on pest type and infestation severity [3] - The app enhances user experience by offering curated product suggestions, featuring Fort's proprietary pest control solutions, thereby driving engagement within Fort's product ecosystem [3]
Jeffs' Brands: Fort Technology Launches AI-Powered Pest Control App on Android, Completing Cross-Platform Rollout
Globenewswire· 2025-10-16 10:01
Core Insights - Jeffs' Brands Ltd has launched its AI-powered pest control mobile application, the Fort app, on the Google Play Store, completing its cross-platform rollout after a successful debut on the Apple App Store earlier this year [1][4] - The Fort app allows users to identify household pests using AI and provides customized treatment recommendations based on pest type and infestation severity, enhancing user engagement with Fort's product ecosystem [3][4] Company Strategy - The launch of the Fort app on Android is a significant milestone in Jeffs' Brands' digital transformation strategy, aimed at expanding its direct-to-consumer digital presence [4] - The company anticipates that the dual-platform release will strengthen its market leadership and accelerate growth in the e-commerce space [4] Product Features - The Fort app offers features such as pest identification, customized treatment solutions, and curated product suggestions, which include Fort's proprietary pest control solutions [3] - The app is designed to improve user experience and drive engagement across Fort's product ecosystem [3]
Jeffs' Brands Reports First-Half of 2025 Revenue Growth, Successful Merger and Operating Profit for its Logistics Operations
Globenewswire· 2025-10-06 11:25
Core Insights - Jeffs' Brands Ltd reported record first-half revenues of approximately $6.9 million for the six months ended June 30, 2025, marking a 13% increase from approximately $6.1 million in the same period of 2024 [4] - The company aims to leverage opportunities in e-commerce, AI, logistics, and emerging markets to enhance shareholder value [1][4] - The appointment of Eli Zamir as CEO is expected to drive the company's strategic vision and operational execution [1][4] Financial Performance - Revenues for Fort Technology Inc., a subsidiary in which Jeffs' Brands holds 75.02%, reached approximately $4.9 million, reflecting a 10% growth compared to the same period in 2024 [4] - Pure Logistics, the wholly owned subsidiary, generated approximately $612 thousand in revenues with an operating profit of approximately $101 thousand, indicating strong operational performance [4] - Cash and cash equivalents as of June 30, 2025, were approximately $6 million, a significant increase of 136% from approximately $2.5 million as of June 30, 2024 [4] Strategic Initiatives - In August 2025, the company launched an AI-driven crypto treasury program with a target size of up to $75 million, aimed at optimizing yield from five leading cryptocurrencies [4] - The management team is focused on transforming e-commerce by creating and acquiring products to become market leaders [2]
Jeffs' Brands Announces Record First Half Results- Revenues amounted to approximately $6.9 million in H1 2025
Globenewswire· 2025-09-22 11:25
Core Insights - Jeffs' Brands Ltd reported record revenues of approximately $6.9 million for the first half of 2025, marking a 13% increase compared to $6.1 million in the same period of 2024 [4] - The company's subsidiary, Pure Logistics, generated operational profit of approximately $101 thousand, demonstrating strong operational performance [4] - The company aims to capitalize on opportunities in e-commerce, AI, logistics, and emerging markets to deliver shareholder value [1][4] Financial Performance - Revenues for the first six months of 2025 reached approximately $6.9 million, a record high and a 13% growth from the same period in 2024 [4] - Pure Logistics, a wholly-owned subsidiary, reported revenues of approximately $612 thousand with expenses of $511 thousand, resulting in an operational profit of approximately $101 thousand [4] - Cash and cash equivalents as of June 30, 2025, amounted to $6 million, reflecting a 136% increase from approximately $2.5 million in the same period of 2024 [4] Strategic Initiatives - The company launched an AI-Driven crypto treasury program in August 2025, committing up to $75 million for optimized yield from five leading crypto coins [4] - Eli Zamir was appointed as the new CEO in July 2025, bringing experience in capital markets and M&A [4] - Jeffs' Brands focuses on transforming e-commerce by creating and acquiring products to become market leaders, leveraging advanced technology and human capability [2]
Jeffs’ Brands (JFBR) - 2025 Q2 - Quarterly Report
2025-09-22 11:01
Financial Performance - Total revenues for the six months ended June 30, 2025, were $6,984 thousand, an increase of 12.7% compared to $6,198 thousand for the same period in 2024[6] - Gross profit decreased to $569 thousand, down 24.8% from $757 thousand in the prior year[6] - Net loss for the period was $2,742 thousand, an improvement from a net loss of $3,875 thousand in the same period of 2024[6] - Operating expenses rose to $4,220 thousand, compared to $3,266 thousand in the same period of 2024, reflecting increased investment in sales and marketing[6] - Revenue for the six months ended June 30, 2025, was $6,984 thousand, an increase from $6,198 thousand in the same period of 2024[63] - The company reported a net loss of $2,742 thousand for the six months ended June 30, 2025, compared to a net loss of $3,875 thousand for the same period in 2024[63] Assets and Liabilities - Total current assets increased to $11,623 thousand as of June 30, 2025, compared to $7,544 thousand at the end of 2024, reflecting a growth of 54.7%[5] - Total assets reached $22,985 thousand, up 67.5% from $13,724 thousand at December 31, 2024[5] - Shareholders' equity increased to $8,161 thousand, a rise of 46.5% from $5,557 thousand at the end of 2024[5] - Cash and cash equivalents at the end of the period were $6,066 thousand, significantly higher than $2,564 thousand at the beginning of the period[12] - The company's liabilities included other payables of $882 thousand and convertible promissory notes totaling $7,071 thousand, resulting in total liabilities of $7,953 thousand as of June 30, 2025, compared to $120 thousand as of December 31, 2024[68] Acquisitions and Investments - The company acquired Pure Logistics for $2,253 thousand, enhancing its logistics capabilities[12] - The acquisition of Pure NJ Logistics LLC was completed on March 18, 2025, for a total purchase price of $2,822 thousand, which included $2,347 thousand in cash and a deferred payment of $475 thousand[34][36] - The fair value of identifiable assets acquired from Pure Logistics included $1,732 thousand, with goodwill recognized at $1,090 thousand[36][37] - The Company acquired approximately 49.1% of SciSparc U.S. for approximately $3.0 million in cash, accounting for the investment using the equity method[38] - The balance of the investment in SciSparc U.S. as of June 30, 2025, was $678 thousand, reflecting equity losses of $76 thousand during the period[38] - The company entered into a share purchase agreement with Plantify Foods, Inc. for the acquisition of Smart Pro, which will result in the company receiving up to a 90% equity interest in the acquiror based on milestone achievements[48] Financing Activities - The company plans to continue financing operations through product sales and raising additional capital as needed[19] - The Company entered into a Securities Purchase Agreement in June 2025, allowing for the issuance of convertible promissory notes up to $100 million, which is expected to support operations for over 12 months[20] - The Company plans to issue convertible promissory notes in an aggregate principal amount of up to $100 million under a new securities purchase agreement entered on June 26, 2025[47] - The company issued a non-recourse convertible promissory note in January 2025 for $2,850 thousand, with net proceeds of $2,565 thousand after a 10% discount[39] - The company plans to request additional drawdowns of up to $2,500 thousand each quarter beginning December 1, 2025, under the terms of the June Note[50] Shareholder Actions - A one-for-seventeen reverse share split was executed on June 16, 2025, consolidating every 17 shares into 1 ordinary share[21] - The exercise price of outstanding Series A warrants and the January Warrant was adjusted downward to $5.10 following the offering due to anti-dilution provisions[47] - The company issued 38,971 ordinary shares at an offering price of $5.10 per share, raising approximately $582 thousand in gross proceeds from a registered direct offering[49] Consulting and Agreements - The company entered into a consulting agreement with Pure Capital for a monthly fee of approximately $16 thousand, with additional payments based on gross proceeds from warrant exercises and brand acquisitions[69] - An amendment to the Pure Capital Consulting Agreement allows for bonus payments based on gross proceeds from securities offerings, with potential bonuses ranging from $175 thousand to $1,300 thousand depending on the amount raised[71] - The monthly consulting fee for Xylo Technologies was reduced from $20 thousand to $10 thousand effective January 1, 2025[72] Other Notable Events - The company reduced its right-of-use asset by $1,826 thousand and its lease liability by $1,715 thousand due to the return of a warehouse[52] - The fair value of the outstanding June Notes was $6,801 thousand as of June 30, 2025, down from $8,393 thousand at issuance[52] - The company recorded an expense of $509 thousand in general and administrative expenses related to the grant of 30,797 ordinary shares to service providers[49] - The company experienced a change in fair value of convertible promissory notes and derivative liabilities, resulting in a financial expense of $942 thousand for the six months ended June 30, 2025[60] - Following the resignation of the CEO, the company appointed a new CEO effective August 1, 2025[75] - Subsequent to June 30, 2025, the company raised $598 thousand from the exercise of Series A warrants and June Notes[78]
Jeffs’ Brands: After Successful Merger, Fort Technology Announces Record First Six Months for its Fully Owned Subsidiary with Revenues of $4.9 Million Representing Approximately a 10% Growth from the Same Period in 2024
Globenewswire· 2025-08-29 10:01
Core Viewpoint - Jeffs' Brands Ltd, a data-driven e-commerce company, announced the interim financial results of its subsidiary Fort Products Limited, showing growth in revenues for the first half of 2025 compared to the same period in 2024 [1][2]. Financial Performance - Fort's revenues for the first six months of 2025 were approximately $4.9 million, reflecting a year-over-year growth of about 10% from approximately $4.4 million in the same period of 2024 [2]. - For the second quarter of 2025, revenues totaled approximately $2.6 million, a slight increase of about 3% compared to approximately $2.5 million in the second quarter of 2024 [2]. Financing Activities - Fort announced a private placement of convertible notes for gross proceeds of CAD 5,000,000, with a maturity of two years and an interest rate of 10% per annum, payable quarterly [3]. Company Overview - Fort Technology Inc. specializes in manufacturing and selling products for the pest control and remedial repair industry [4]. - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging advanced technology and management insights into the Amazon FBA business model [5].
Jeffs' Brands: Fort Technology Announces Closing of a CAD 5 Million Private Placement of Convertible Debenture Representing a Valuation of Approximately CAD 27 million
GlobeNewswire News Room· 2025-08-22 13:29
Core Viewpoint - Jeffs' Brands Ltd has announced the completion of a private placement of convertible debentures by its subsidiary Fort Technology Inc, raising CAD 5 million, which will be used for working capital and loan support [1][5]. Group 1: Private Placement Details - The private placement of convertible debentures has a maturity date of two years from issuance and carries an interest rate of 10% per annum, with quarterly payments starting from the closing date until September 30, 2025 [2]. - The principal amount of the convertible debentures can be converted into units of Fort at a price of CAD 0.185 per unit, with each unit consisting of one common share and one warrant [2]. - The private placement values Fort at approximately CAD 27 million [2]. Group 2: Company Participation and Compliance - Jeffs' Brands and its CEO participated in the private placement, with the company purchasing CAD 2.2 million worth of convertible debentures, constituting a related-party transaction [4]. - The private placement was conducted under certain prospectus exemptions and is subject to a holding period in compliance with applicable securities laws and TSX Venture Exchange rules [3]. Group 3: Company Background - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging advanced technology and human capability [6]. - Fort Technology Inc specializes in manufacturing and selling products for the pest control and remedial repair industry [7].