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