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Jeffs' Brands Ltd ("Jeffs' Brands" or the "Company") (NASDAQ:JFBR, JFBRW))))), a data-driven e-commerce company operating on the Amazon Marketplace, today announced preliminary unaudited financial results for Fort Products Ltd. ("Fort"), its wholly owned subsidiary, on its revenue for sales on Amazon Marketplace, according to the data received from the Amazon seller central. The following results is for the period beginning on March 9, 2023, the date Fort was acquired by the Company, and ending on December 31, 2023 (the "Period").
Fort's Amazon generated revenues for the Period, amounted to approximately $5.3 million, representing an increase of 23% compared $4.3 million at the same period of 2022, prior to the acquisition. Profit attributed directly to Amazon sales, amounted to $614 thousand, compared to $445 thousand in the same period of 2022.
Victor Hakmon, CEO of Jeffs' Brands said "Less than a year since acquiring Fort, we are witnessing remarkable success in operating and expanding the brand. Fort has become a substantial part of our business. We plan to continue developing the brand by leveraging our platform to introduce new products, explore additional categories, and expand into more territories."
Posted In: JFBR
