ToughBuilt Industries, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022
March 31, 2023 at 05:16 pm EDT
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ToughBuilt Industries, Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported revenue was USD 95.25 million compared to USD 70.03 million a year ago. Net loss was USD 39.3 million compared to USD 37.53 million a year ago.
Basic loss per share from continuing operations was USD 460.8499 compared to USD 3,645.1989 a year ago.
Toughbuilt Industries, Inc. is engaged in designing, manufacturing, and distributing tools and accessories to the building industry. The Company markets and distributes various home improvement and construction product lines for both Do-It-Yourself (DIY) and professional markets under the TOUGHBUILT brand name. Its business is based on development of products, primarily in tools and hardware category, with particular focus on building and construction industry. Its three categories contain a total of approximately 19 product lines, consists of soft goods, which includes kneepads, tool bags, pouches and tool belts; metal goods, which consists of sawhorses, tool stands and workbench; and utility products, which includes utility knives, aviation snips, shears, lasers and levels, tape measures and chalk reels, striking tools, garden and landscaping tools, and pliers and clamps. It also has various additional categories and product lines in various stages of development.
TOUGHBUILT INDUSTRIES, INC. 
