Workflow
Jeffs' Brands: Fort Amazon's Revenues increased by 55% to $2.125 million in the First Quarter of 2024
Jeffs’ Brands Jeffs’ Brands (US:JFBR) globenewswire.com·2024-05-16 11:27

Financial Performance - Fort Products Ltd, a wholly owned subsidiary of Jeffs' Brands, reported preliminary unaudited revenues of approximately $2.125 million for the first quarter of 2024, marking a 55% increase compared to $1.375 million in the same period of 2023 [2] - Profit for the same period reached $266 thousand, which is a 106.6% increase from $129 thousand in the first quarter of 2023 [2] Company Strategy and Market Position - The CEO of Jeffs' Brands expressed optimism regarding Fort's performance, indicating that the acquisition made about a year ago has proven successful, leveraging the company's expertise in online sales within the Amazon marketplace [3] - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to establish them as market leaders, focusing on the growing pest control market [3]