SFLM - SFLMaven reports FY21 performance highlights

SFLMaven (OTCPK:SFLM) reports 35% growth in sales to $10M for FY21 with total buyers up 15% Y/Y. In the annual performance highlights, the company said its gross profit reached $1.4M, up over $2.2M Y/Y. "“We saw tremendous gains in every major metric and achieved gross profitability through improved efficiency, better product sourcing, increased web presence and traffic, and more repeat customers," said CEO Joseph Ladin. Net Loss was $301K SFLMaven ended the year with $265K in cash on hand and $1.12M in inventory (+184% Y/Y). "We are already on pace for even stronger growth in 2022, which may be further augmented by the implementation and launch of SFLMaven’s metaverse strategy as it lays a foundation to become the first native dealership of high-end vintage digital jewelry NFT items for avatar use in the metaverse," the company statement. Earlier (Mar. 17): SFLMaven provided 2022 YTD performance metrics.

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SFLMaven reports FY21 performance highlights