ToughBuilt Industries Reports Stable Sales of $3.61 Million in Q2 2023
Company's Gross Sales Remain Consistent, Revenue Increases by 5.3% in H1 2023
ToughBuilt Industries, Inc. ("ToughBuilt") (TBLT; TBLTW) announced today its financial results for the second qu arter ended June 30, 2023. Despite a challenging macroeconomic climate, ToughBuilt achieved stable gross sales of $3.61 million, remaining consistent with the previous year's Q2 sales of $3.56 million. Additionally, the company's revenue for the first six months of 2023 increased by 5.3% to approximately $7.41 million, compared to $7.01 million for the same period last year.
Stable Sales in Q2 2023
ToughBuilt maintained a steady performance in the second quarter of 2023, reporting gross sales of $3.61 million. This figure closely matches the sales generated during the same period in 2022, indicating a consistent demand for the company's products.
Positive Revenue Growth in H1 2023