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Toughbuilt Industries Inc   (TBLT)
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Price: $3.2200 $-0.03 -0.923%
Day's High: $3.3043 Week Perf: -11.54 %
Day's Low: $ 3.15 30 Day Perf: -24.94 %
Volume (M): 49 52 Wk High: $ 86.26
Volume (M$): $ 159 52 Wk Avg: $25.64
Open: $3.24 52 Wk Low: $3.15



 Market Capitalization (Millions $) 2
 Shares Outstanding (Millions) 0
 Employees 46
 Revenues (TTM) (Millions $) 89
 Net Income (TTM) (Millions $) -51
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 3

Toughbuilt Industries Inc
Toughbuilt Industries Inc. is a company that specializes in the design, manufacturing, and distribution of innovative and durable tools and products for both the professional and DIY markets. The company was established in 2013 and is based in Lake Forest, California.

The primary objective of Toughbuilt Industries is to provide high-quality products that are capable of meeting the needs and expectations of its targeted customers, which include contractors, builders, and DIY enthusiasts among others. The company is committed to delivering exceptional value to customers through its innovative product designs, efficient manufacturing processes, and reliable distribution network.

Toughbuilt Industries offers a broad range of professional-grade products that are designed to last. The company's products include tool belts, pouches, bags, totes, sawhorses, workbenches, gloves, knee pads, and safety glasses, among others. All of their products are specifically designed to enhance safety, performance, and durability.

One of the key strengths of Toughbuilt Industries is its innovative product design. The company's product designers work closely with industry professionals to develop products that meet the needs of customers. This process ensures that the products are not only functional but also convenient and user-friendly.

In addition to their product design, Toughbuilt Industries also places a strong emphasis on the quality of their manufacturing processes. The company has invested in state-of-the-art production facilities and employs skilled technicians and engineers to oversee the production process. This ensures that high-quality standards are maintained throughout the manufacturing process, resulting in durable and reliable products.

Toughbuilt Industries also has an efficient and reliable distribution network that enables their products to reach customers all around the world. The company sells its products through a variety of channels, including online marketplaces, specialty retailers, home improvement stores, and other outlets.

Overall, Toughbuilt Industries Inc. is a leading provider of innovative and durable tools and products for the professional and DIY markets. The company's commitment to quality, innovation, and efficiency has enabled it to establish a strong reputation in the industry and grow rapidly in a short period.


   Company Address: 8669 Research Drive Irvine 92618 CA
   Company Phone Number: 528-3100   Stock Exchange / Ticker: NASDAQ TBLT
   TBLT is expected to report next financial results on March 30, 2024.


   

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Financing Agreement

ToughBuilt Industries Overcomes Financial Challenges with Successful Public Offering

Published Fri, Feb 16 2024 9:05 PM UTC



In a significant announcement, ToughBuilt Industries, Inc. (NASDAQ: TBLT; TBLTW) has recently concluded its public offering, raising $3.5 million through the sale of 772,628 shares of common stock. The company, based in Irvine, California, has been facing substantial financial difficulties, leading to a cumulative net loss of $51 million in the 12 months ending in ...

Management Announcement

ToughBuilt Industries Announces Pricing of $3.5 Million Public Offering and Struggles with Negative Year-to-Date Performance

Published Wed, Feb 14 2024 1:00 PM UTC


Introduction
ToughBuilt Industries, Inc. (NASDAQ: TBLT; TBLTW), a leading designer, manufacturer, and distributor of innovative tools and equipment, recently revealed the pricing details of its public offering, aimed at raising additional capital for the company. With ongoing financial challenges reflected in a negative year-to-date performance, ToughBuilt's latest ...

Product Service News

ToughBuilt Industries Expands StackTech Ecosystem, Accelerating Growth in Multi-Billion Dollar Market.

Published Wed, Jan 31 2024 9:30 PM UTC

ToughBuilt Industries Expands StackTech Ecosystem, Aiming for $6.8 Billion MarketIRVINE, Calif., Jan. 31, 2024 - ToughBuilt Industries, Inc. (NASDAQ: TBLT; TBLTW) has recently unveiled 16 new products to complement its innovative StackTech mobile toolbox system, bringing the total available SKUs to 24. These expanded offerings are now accessible for customers through both in...

Toughbuilt Industries Inc

Toughbuilt Industries Inc Faces Growing Deficits, Prompting Concerns for Future Performance


Date: September 30, 2023
The latest financial results for Toughbuilt Industries Inc have revealed a disappointing quarterly deficit, flagging concerns for future performance. For the period spanning July to September 2023, the company reported a deficit per stock of $-0.46 per share, compared to $0.03 per share the previous year, and a growth in deficit from $-0.36 per share from the prior quarter.
The revenue also took a major hit, declining by -34.162% to $19.91 million from $30.25 million in the corresponding quarter last year. However, there was a marginal sequential increase of 5.69% from $18.84 million. In contrast, the broader Miscellaneous Manufacturing sector experienced a top-line gain during the same period.
Mirroring the financial performance, Toughbuilt Industries Inc logged a significant net deficit of $-14.249 million for the July to September 2023 period, compared to zero in the same quarter a year earlier. These figures raise concerns about the company's ability to generate sustainable profitability and meet future financial targets.

Toughbuilt Industries Inc

Toughbuilt Industries Inc reports steady revenue growth in the fiscal second quarter of 2023

Toughbuilt Industries Inc: A Bearish Analysis
Toughbuilt Industries Inc, a miscellaneous manufacturing company, recently reported its financial results for the period closing on June 30, 2023. While the company managed to decrease its loss per share to $-0.36 compared to $-9.45 a year ago and improve its EPS from $-0.56 per share from the previous reporting period, there are several concerning trends that paint a bearish picture for the future of the company.
Firstly, despite a modest revenue growth of 5.329% to $18.84 million from $17.89 million in the same reporting period a year ago, the company saw a sequential revenue decrease of -6.787% from $20.21 million. This decline in revenue indicates a potential slowdown in demand for Toughbuilt Industries Inc's products. This is further supported by the decrease in inventories to $31.4 million, a clear sign that the company is struggling to maintain the same level of demand it had previously.






 

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