SFLMaven Announces Financial and Operational Performance Highlights for the Three Months Ended March 31, 2022
SFLMaven - SFLM's Financial Performance Highlights for the Three Months Ended Mar 31 (unaudited) - Total revenues of $2.93 million, up 7.5% year over year - Total Assets of $2.4 million, up 140% year over year - Total Gross Profit of $614k, up 4% year over year - Total Cash on hand at close of period of $332k, up 3,814% year over year - Inventory on hand at close of period valued at $1.27 million, up 194% year over year
Operational Performance Highlights for the Three Months Ended Mar 31 - Established new strategic vision with planned expansion into NFT digital jewelry marketplace - Acquired metaverse real estate in Decentraland for virtual digital jewelry NFT store - Hired Chicago Digital Design Consultancy for Metaverse presence - Set multiple new company records for single auction and weekly sales performances
SFLMaven saw performance in the core vintage jewelry business consistently at or near record levels during the first quarter. Overall, the Company continues to see marked growth in items sold, prices per item, and overall sales so far in Q2.