SFLMaven Corporation (SFLM)

[841191]

Gross profit in the first quarter of 2021 increased 290% to $590,511, or 21.7% of revenues, compared to gross profit of $203,758, or 7.1% of revenues, in the same year-ago quarter. The increase in gross profit was primarily driven by improved supplier relationships, volume discounts and the initiation of advertising campaigns through eBay which drove competitive bidding dynamics for the Company's products.