Jeffs’ Brands Revenue for 2023 Ramps up to Over $10 Million Boosted by Strategic Acquisition of Fort
Jeffs' Brands Ltd (JFBR)
Company Research
Source: GlobeNewswire
TEL AVIV, Israel, April 01, 2024 (GLOBE NEWSWIRE) -- Jeffs’ Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, reported today its financial results for the year ended December 31, 2023. 2023 Fiscal Year Financial Overview: Revenue Growth: Jeffs' Brands reported a substantial increase in revenues, achieving $10,008 thousand in 2023, a remarkable growth of 71% from $5,859 thousand in 2022. This growth is largely attributed to the strategic acquisition of Fort Product Ltd. (“Fort”), in March 2023 and an expanded product lineup, particularly in the pest control. Gross Profit: The company realized a gross profit of $976 thousand for the fiscal year 2023, compared to $799 thousand in 2022, marking a 22% year-over-year increase. Streamlined Expenditures: Reflecting strategic cost management initiatives, sales and marketing expenses were optimized to $833 thousand in 2023, down from $1,198 thousand i
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News
- Jeffs' Brands Announces Receipt of Nasdaq Minimum Bid Price Notification [Yahoo! Finance]Yahoo! Finance
- Jeffs’ Brands Announces Receipt of Nasdaq Minimum Bid Price NotificationGlobeNewswire
- Jeffs' Brands Files its 2023 Annual Report on Form 20-F [Yahoo! Finance]Yahoo! Finance
- Jeffs' Brands Revenue for 2023 Ramps up to Over $10 Million Boosted by Strategic Acquisition of Fort [Yahoo! Finance]Yahoo! Finance
- Jeffs’ Brands Files its 2023 Annual Report on Form 20-FGlobeNewswire
JFBR
Sec Filings
- 4/30/24 - Form 6-K
- 4/2/24 - Form 6-K
- 4/1/24 - Form 20-F
- JFBR's page on the SEC website