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“IRVINE, Calif., Sept. 26, 2022 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ:TBLT, TBLTW)))), announced today the Company's launch of 21 new SKUs into the global handsaws segment, beginning with a line of seven cutting tools featuring ToughBuilt's QuickSetâ?¢ Double-Edge Pull Saw, the first ever safe-folding pull saw. The new line will be available Q4 2022”
These saws will be useful to rebuild Florida.
My thoughts as well !!
Another hurricane is projected on US east coast, will boost tool and product demand for the quarter and could help increase margins.
I picked up a few shares here today cause I think there will be some upside here soon !!
Yeah I'm kinda mistified about how low this is right now...but the overall market is terrible and shorts are working overtime!
Thanks for the message. TBLT is beaten down and yet we have nothing but magnificent new deals announced. The revenues will be HUGE in 2023 so we gotta hold for that. This is a beautiful growth company and IMHO a 10 bagger from our current ptice.
Alot of big tech making fresh 52 week lows today
..NVDA, ARKK....very brutal environment
I sold all the way up and I bought all the way down. This is turning out to be a giant Company and imho the future is huge! BTW great to hear from you bro! :)
This run was overdue! How are you doog?
Yea really! Delayed reaction to yesterday's news? I have seen this before. :)
Nice break out, TBLTW going to ratchet up shortly, imo
“8:38a ET 10/5/2022 - Benzinga
ToughBuilt Industries Secures New Distributor Agreements With Four Major Retailers In Germany
IRVINE, Calif., Oct. 05, 2022 (GLOBE NEWSWIRE) -- Today, ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ:TBLT, TBLTW)))) announced it has entered into four major retailers in Germany, representing tens of thousands of new end users across Europe, which accounted for a 35% share of the global hand tools market in 2022.1 A wide range of ToughBuilt SKUs will now be sold in stores and online by these new retailers:
Friedrich Delker GmbH & Co. KG ("Delker"). Delker is one of the largest privately owned hardware suppliers in Germany. With three general headquarters across Germany and Poland and a strong e-commerce presence, Delker is a professional wholesale group selling power tools, warehouse and factory equipment, machine tools, and occupational safety products from globally recognized brands.
Witte Metallwaren GmbH & Co.KG ("Witte"). Witte supplies flooring, interior specialists, painters, and floor covering wholesalers and continues to be under family ownership today. All new additions to its portfolio of brands are subjected to a stringent round of quality testing to ensure they meet Witte's exacting standards.
Vageler & Christiansen GmbH ("Vageler & Christiansen"). A major online retailer, Vageler & Christiansen distributes tools, machines, protective clothing, and accessories to professional consumers across Europe. The business ships over 2,500 orders monthly to over 30,000 end users.
Bernd Ulbricht Nachf, A supplier of professional customers with tools and consumables (such as fixings and fastenings), building chemicals, and workshop supplies from its headquarters in GroÃ?olbersdorf, is an established source of quality for the Saxon community.
Michael Panosian, ToughBuilt CEO, commented, "These new partnerships in Germany offer the Company opportunities to capture further market share in a key EU Member state for ToughBuilt's global growth strategy and European expansion. Our distribution alliance with Witte, Bernd Ulbricht Nachf, and Delker will help to increase awareness of the ToughBuilt brand, cementing our reputation for quality and innovation worldwide."
COHERENT MARKET INSIGHTS 2022, (https://www.coherentmarketinsights.com/market-insight/hand-tools-market-3807)
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”
2019 cup and handle completion to 2640.00 per share. Low float and selling high demand tools during 50 billion dollar natural disasters, like selling water during a fire. Will it get to 2640 per share with all the paper handed investors probably not but it shows where it should be in terms of its true chart value as the company self-actualizes and makes money indiscriminately imo. That goes for a lot of companies that are managed correctly and still having to deal with the general economics. Companies can be patient, let the share price rise to its appropriate level in regards to the chart, that is a healthy business practice reflective of a healthy business.
Outstanding Shares
12,326,531
08/19/2022
My projected Market cap peak for TBLT when cup and handle completes:
31,680,000,000
Florida Hurricane damages 47 billion, ToughBuilt pre-positioned for major revenues
“8:30a ET 10/3/2022 - Globe Newswire
ToughBuilt Industries Inc. Launches a Comprehensive Line of Innovative Striking Tools
GlobeNewswireOctober 03, 2022
IRVINE, Calif., Oct. 03, 2022 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW), has announced today the launch of an all-new line of striking tools, including an innovative series of ShockStop(TM) hammers, marking their entry into the global tool-hammer market, which was valued at $3.5 billion. in 20211.
ToughBuilt's innovative ShockStop(TM) head design and enlarged face are forged to strike sure and save users from pain, with a reduced felt recoil that diminishes fatigue after repeated striking and a greater mass concentration at the head to maximize impact.
ToughBuilt Industries' CEO, Michael Panosian, commented, "We are entering the growing hand tool segment with leading solutions that provide valuable efficiencies and remarkable quality which we believe will create expanded opportunities to generate revenue." Panosian continued, "We are pleased with how ShockStop(TM) technology will help expand our brand awareness and capture additional market share."
1 GLOBAL TOOL HAMMER MARKET RESEARCH REPORT 2022 (STATUS AND OUTLOOK), via MarketWatch.com
ABOUT TOUGHBUILT INDUSTRIES, INC:
ToughBuilt is an advanced product design, manufacturer and distributor with emphasis on innovative products. Currently, we are focused on tools and other accessories for the professional and do-it-yourself construction industries. We market and distribute various home improvement and construction product lines for both the do-it-yourself and professional markets under the TOUGHBUILT brand name, within the global multibillion dollar per year tool market industry. All of our products are designed by our in-house design team. Since launching product sales in 2013, we have experienced significant annual sales growth. Our current product line includes three major categories, with several additional categories in various stages of development, consisting of Soft Goods & Kneepads and Sawhorses & Work Products. Our mission is to provide products to the building and home improvement communities that are innovative, of superior quality derived in part from enlightened creativity for our end users while enhancing performance, improving well-being and building high brand loyalty. Additional information about the Company is available at: https://www.toughbuilt.com/ “
Demand high in Florida for these items
ToughBuilt Industries Announces Expansion of Trade Partnerships with Switzerland's Largest Tool Wholesale Groups
September 22, 2022 08:30 ET | Source: ToughBuilt Industries, Inc.
...
IRVINE, Calif., Sept. 22, 2022 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW), today announced the Company has entered an agreement with two major wholesale tool distributors in Switzerland, marking an expansion of European distribution that includes more than 250 retailers, nationwide.
This partnership represents a co-operative with Steinemann AG (“Steinemann”) and Tegro AG (“Tegro”). Steinemann, established in 1906, is the leading Swiss supplier of tools for the construction and garden-maintenance-related trades, distributing to over 250 retailers with a listing of ToughBuilt® products, soon reaching more than 110 SKUs.
Tegro, a member of the international active-goods manufacturing MTS Group, distributes tools, electrical equipment, and automotive and outdoor adventure supplies to DIY stores and specialist shops across Switzerland and will furnish ToughBuilt products to a growing retail network.
With revenue in the Swiss DIY and Hardware Store market amounting to 9.4 billion USD in 2022 and expected to grow annually by 5.21% CAGR through 2027*, these combined distribution channels represent a sizeable opportunity for ToughBuilt, globally.
ToughBuilt CEO Michael Panosian commented, “We are pleased to be working with Steinemann and Tegro to provide our innovative line of tools to consumers in Switzerland. This is an opportunity for ToughBuilt to grow further brand awareness across the European Union and to gain an expanded share in the European hand tool market, which stands amongst the largest in the world.”
*STATISTA DIY & HARDWARE STORE SEGMENT MARKET ANALYSIS, 2022 (https://www.statista.com/outlook/cmo/diy-hardware-store/switzerland)
Investor Relations Contact:
KCSA Strategic Communications
David Hanover
toughbuilt@kcsa.com
Source: ToughBuilt Industries, Inc
Investor Meeting on the 21st, 4PM.
I received the packaged and also a phone call today.
PR's have been silently lately
..hoping/thinking there some good news and updates (many times PR's happen simultaneously).
Dip em then rip em! Never fails subs buddy:)
Won't go much lower than this.
Yes! Very nice! breached $3.00, That 3-week dip wasn't gonna last forever! Those were sweet prices to buy in!
Even more love today...nice close on increased volume...some large buys...getting noticed!
Moved up the last two days on much heavier volume then the days of drift-down!
TBLT getting some love today!
So 2 or three more filings of posting a loss, I’ll keep an eye on that lower bollinger band to guide when to buy in, if this is the bottom because the company says it will be profitable maybe next year sometime then I guess I missed it.
Sweet! Thanks for posting that info!
TBLT sees large decrease in short interst and institutional buuying in August...Better days ahead!
https://zolmax.com/investing/toughbuilt-industries-inc-nasdaqtblt-sees-large-decrease-in-short-interest/7727874.html
Probably .60 I think instead, or wherever the lower bollinger band is on the six month chart on any given day
“This expansion of distribution and participating in multiple categories is and will increase revenue to help us reach profitability in 2023." Panosian continued, "ToughBuilt remains on track to accelerate growth in the second half of the year with the launch of five to ten new product lines and plans to continue to leverage new and existing partnerships. As a result of this initiatives, combined with our cost cutting efforts, we expect to grow approximately 25% in 2022 and are targeting profitability in 2023."”
Maybe when it gets closer to them making a profit next year.
Not sure I would count on 1.74...I think we run for a few....some borrowed shares are being returned!
1.74 gap fill before major short squeeze in early September imo, momentum accelerating to the downside right now, watch lower bollinger band close below that for reversal signal.
Thanks so much. Sounds very promising. This could be $100 a share + next year!
Conference call....products in 50,000+ stores by end of quarter 3...no more big influx employees...have the right size staff now...costs getting under control (appears)
Profitable in 2023...!!
Q looks better than I thought it would.
ToughBuilt Industries Announces Second Quarter 2022 Results
August 19 2022 - 08:30AM
GlobeNewswire Inc.
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ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW), today reported financial results for the second quarter ended June 30, 2022. The Company will discuss the results, and a business update, during the Company’s earnings conference call scheduled for 5:00 p.m. (ET) today.
Second Quarter 2002 and Subsequent Financial Highlights:
Revenues for the three months ended June 30, 2022, were approximately $17.9 million, an increase of 12.8% compared to the same period in 2021. The increase in revenue was primarily the result of expanded acceptance of ToughBuilt products. This was a result of recurring orders from existing customers and addition of new customers and new product launches.
Operating expenses were approximately $17.3 million in the second quarter of 2022, compared to approximately $10.7 million in the second quarter of 2021. The increase in operating expenses was primarily due to increased shipping costs, headcount, marketing, and advertising, as well as fees related to product research and development.
However, compared to Q1 2022, Q2 2022 expenses decreased from $18.5 million to $17.2 million as a result of our operational cost cutting efforts, reduction in shipping costs and slowdown in hiring and general expenditure.
Net loss attributable to common stockholders in the second quarter of 2022 was approximately $12.1 million, or $9.45 per share, compared to a net loss of approximately $7.4 million, or $13.64 per share in the second quarter of 2021.
Closed $20 million Private Placement priced at a premium to market.
Reported $3.56 million in Q2 2022 sales through Amazon.
Michael Panosian, ToughBuilt’s CEO, commented, “The second quarter of 2022 saw sales growth of 13% over the same period last year. We remain focused on expanding the national and global distribution of our product lines and have already seen validating success through partnerships with leading retailers. This expansion of distribution and participating in multiple categories is and will increase revenue to help us reach profitability in 2023.” Panosian continued, “ToughBuilt remains on track to accelerate growth in the second half of the year with the launch of five to ten new product lines and plans to continue to leverage new and existing partnerships. As a result of this initiatives, combined with our cost cutting efforts, we expect to grow approximately 25% in 2022 and are targeting profitability in 2023.”
Second Quarter 2022 Business Highlights:
Second quarter 2022 Amazon.com gross sales increased by 41% to approximately $3.54 million, compared to approximately $2.4 million for the second quarter of 2021.
Expanded Distribution in Spain and Enters into Supply Agreements with Predominate Hardware Distributor and a Hardware Super-Cooperative.
Launched 93 products on Amazon Italy and Amazon Germany.
Launched 35 products in Ace Hardware Locations.
The foregoing discussion highlights certain information contained in the Company’s quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission (the “SEC”) earlier today and does not intend to be complete. Investors should read the foregoing discussion together with the Company’s unaudited consolidated financial statements and related notes thereto and the Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) included in the Company’s Form 10-Q, and in conjunction with the Company’s Form 10-K for the year ended December 31, 2021 filed with the SEC on April 18, 2022 available on the SEC’s website at www.sec.gov.
Conference Call Information:
Michael Panosian, Chief Executive Officer, and Martin Galstyan, Chief Financial Officer, will host a conference call to review the Company’s financial and operating results at 5:00pm ET today.
To attend the conference call, please dial one of the teleconference numbers below or follow the live audio webcast here. Attendees are encouraged to dial in to the conference call at least five minutes prior to the start time.
U.S. TOLL-FREE: 1-877-407-9716
INTERNATIONAL: 1-201-493-6779
To listen to a replay of the conference call, please dial one of the teleconference numbers below.
REPLAY U.S. TOLL-FREE: 1-844-512-2921
REPLAY INTERNATIONAL: 1-412-317-6671
REPLAY PIN: 13732326
ABOUT TOUGHBUILT INDUSTRIES, INC.
ToughBuilt is an advanced product design, manufacturer and distributor with emphasis on innovative products. Currently focused on tools and other accessories for the professional and do-it-yourself construction industries. We market and distribute various home improvement and construction product lines for both the do-it-yourself and professional markets under the TOUGHBUILT brand name, within the global multibillion dollar per year tool market industry. All of our products are designed by our in-house design team. Since launching product sales in 2013, we have experienced significant annual sales growth. Our current product line includes three major categories, with several additional categories in various
Sea of Red this AM...I felt the markets were due for a healthy pullback.
Nice 12% up on good volume...much heavier than the down days.
Put on your seat belts shorts, their coming for you, if you think the short squeeze attackers forgot about you being short 60% of the float, guess again they didn't,and your all in the cross hairs, and could end blown up big time.
Home Depot earnings look very good....should bode well for TBLT!
First and foremost,TBLT ran from $1.36 to over $8.00 in a very short time span. Investors took healthy profits. Earnings are on the 19th after the close. Now I haven't a clue if the report will be good or bad but one thing that I have noticed is even with good earnings, investors DUMP.
All in all, it's about the future of the Company were looking at and looking at TBLT as a buy and hold.
We know that with all the huge contacts that 2023 will show those revenues. The company is well run and I think that next year we will have a $40 stock.
Man...this sell-off seam way over done...especially considering all the good news we have had...the market typically overdoes things in general.
Not sure when earnings will be...today's date has been put out there but that was just an assumption based on the past.
ARKK reports in the AM...I'm not holding that through earnings...since qtr 2 will not be pretty...but the future should be decent.
Overall I feel the markets are getting way ahead of themselves...the economy is not that good yet.
Up up we go exactly as predicted choo-choo>>>$$$$$$$$$$$$$$$$$$$$$$$$$$
Definitely all over it thanks subs buddy!!!!!!!!!!!!!!!!!!
Take her on the next dip Me Doogi
Nice EOD strength to close at 7.20...trend should continue!
Everybody wants some, I want some too \m/
great w/e...looking for this to launch...
Hey TGOO, nice to hear from you. TBLT will rule the world :) Hope you had a nice weekend. :)
big green day today subs
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