Financial highlights for the third quarter of 2022 and beyond:
Michael Panosian, CEO of ToughBuilt, said: “We are excited to report strong effects for the third quarter of 2022, with access to 3 major global markets with the launch of our attack, cutting and measurement lines. Panosian continued, “We remain confident in our long-term strategy, leveraging our applicable partnerships and opportunities to increase our market share in other categories. We expect revenue to continue to grow as our recently announced product introductions and distribution partnerships intensify. We remain focused on successful expansion and targeting profitability in 2023. “
Highlights from the third quarter of 2022 and beyond:
The above discussion highlights certain data contained in the Company’s Quarterly Report on Form 10-Q filed with the U. S. Securities and Exchange Commission. It is reported by the U. S. Department of Agriculture (the “SEC”) today, and does not purport to be complete. Investors read the foregoing along with the Company’s unaudited consolidated monetary statements and similar notes, as well as Management’s Discussion and Analysis and Analysis of Financial Position and Results of Operations (MD).
Conference call information:
Michael Panosian, chief executive officer, and Martin Galstyan, chief financial officer, will host a conference call to review the company’s monetary and operating effects at 5:00 p. m. m. ET today.
To attend the convention call, dial one of the teleconvention numbers below or follow the live audio webcast here. Participants are advised to attach to the convention call at least five minutes before the start time.
TOLL FREE USA: 1-877-200-1292INTERNATIONAL: 1-212-231-2925
To pay attention to a replay of the convention call, dial one of the teleconvention numbers below. The replay can also be heard via the Internet audio streaming link.
FREE REFILL IN THE UNITED STATES: 1-844-512-2921
INTERNATIONAL REPLAY: 1-412-317-6671
CORRECTION PIN: 1-412-317-6671
ABOUT TOUGHBUILT INDUSTRIES, INC.
ToughBuilt is a designer, manufacturer and distributor of complex products with a focus on cutting-edge products. Currently focused on equipment and other accessories for the DIY and professional structure industries. We market and distribute DIY structure and home improvement product lines and marketplaces under the TOUGHBUILT brand, within the multi-billion dollar global tooling market industry. All our products are designed through our in-house design team. Since launching product sales in 2013, we have experienced significant annual growth in sales. consists of 3 main categories, with several additional categories in development stages, consisting of Soft Goods
FORWARD-LOOKING STATEMENTS
This press release includes “forward-looking statements. ” Such statements would possibly be preceded by the words “intends”, “possibly”, “will”, “plans”, “expects”, “anticipates”, “projects”, “predicts”, “estimates”. , “believe”. Array” “hopes”, “potential” or similar words. Forward-looking statements are not promises of long-term performance, are based on safe assumptions and are subject to various known and unknown threats and uncertainties, many of which are outside the control of the Company and cannot be predicted or quantified and, therefore, actual effects could differ materially from those expressed or implied by such forward-looking statements. These threats and uncertainties include, but are not limited to, the threats and uncertainties related to (i) the effect of the global COVID-19 pandemic and government movements on our business, (ii) supply chain disruptions, (iii) market acceptance of our new products, (iv) delays in getting products to key markets, (v) a lack of ability to download regulatory approvals for the ability to sell our products. products in certain markets, (vi) intense festival in our industry from much larger multinational corporations, (vii) product liskill claims, (viii) product failures, (ix) our limited production functions and reliance on contractors for support, (x) our efforts to effectively offload and maintain the intellectual asset coverage that covers our products or protect us from third party infringement claims, (xi) our reliance on a single vendor for certain products components, (xii) the fact that we will want to raise more capital to meet our long-term business desires and that such raising of capital would possibly be costly, dilutive or difficult to unload and (xiii) the fact that we operate in multiple foreign jurisdictions, exposing ourselves to tariffs, exchange fluctuations, situations of logistical and communications demands, tariffs and prices of compliance with foreign and political and economic legislation in stskill in each jurisdiction; and (xiv) adjustments in the electronic commerce markets. More detailed information about the company and threat points that may also only make forward-looking statements are included in company filings with the Securities and Exchange Commission (SEC) and add our Report on Form 10-K and our next quarterly publication. report. Reports on Form 10-Q. Investors and security holders are encouraged to review those no-rate fabrics on the SEC’s online page at http://www. sec. gov. The Company encourages you to carefully consider all such threats, concerns and other issues when comparing the forward-looking statements contained in this press release. As a result of such matters, adjustments to facts, unrealized assumptions or other circumstances, the Company’s actual effects may differ materially from the expected effects discussed in the forward-looking statements contained in this press release. Forward-looking statements made in this press release speak only as of the date of this press release, and the Company assumes no legal responsibility to update them to reflect future occasions or circumstances.
Investor Relations Contact: KCSADavid Strategic Communications Hanovertoughbuilt@kcsa. com
Source: ToughBuilt Industries, Inc.