FirsTime Design Limited Announces First Quarter 2021 Results
ACCESSWIRE
25 May 2021, 07:19 GMT+10
PEWAUKEE, WI / ACCESSWIRE / May 24, 2021 / FIRSTIME DESIGN LIMITED (OTC PINK:FTDL) today announced financial results for the first quarter period ending March 31, 2021. First quarter highlights include:
Q1 2021 net sales and EPS growth of 119% and 519%, respectively
Increased working capital line of credit availability by 117% to $13,000,000
Paid off the Company s 5-Year Term Loan in under three years
Officially opened an additional Distribution Center in the Pacific Northwest
Financial Results Summary
Operational Results Summary
In a statement made by Christopher D. Bering, Chairman and CEO, he shared, The Company has posted record results in the first quarter of 2021. Traditionally, the Company s first quarter is the lowest revenue-producing quarter of our fiscal year however 2021 proved to be a significant exception. In addition to strength in our core business, our recentl
FirsTime Design Limited Announces First Quarter 2021 Results
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FirsTime Design Limited Announces First Quarter 2021 Results
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FirsTime Design Limited Announces Preliminary Fourth Quarter 2020 Results
Q4 2020 net sales and EBITDA growth of 92.9% and 198%, respectively
FYE 2020 net sales and EBITDA growth of 59.5% and 212%, respectively
The Company launched a full suite of new products preceding the 2020 holiday period
The Company received full forgiveness on its Payroll Protection Program Loan
Financial Results Summary
Operational Results Summary
Christopher D. Bering, Chairman & CEO, said, the Company produced record revenue and profits this year. Additionally, our current set of products in the market today is the most diversely designed our team of artisan designers has made to date. We are exhilarated with our 2020 financial results. Part of the success came from our international supply chains agility, including the addition of suppliers in several new countries that we set up in 2020, as well as the Company s state-of-the-art West Coast distribution center which proved to be a perfectly timed m