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Benzinga
Benzinga
Business
Akanksha Bakshi

LXRandCo Registers 18% Revenue Growth In March

TSX
  • LXRandCo Inc (TSX:LXR) (OTC:GGBBF) reported its monthly revenue update. For March, it realized total net revenue of C$1.8 million (+18% year-over-year), inclusive of an E-commerce net revenue of C$1.3 million (+106% Y/Y).
  • Latest twelve months ending March 31, 2022, LXRandCo's net revenue was C$19.7 million (+92% Y/Y), including an E-commerce net revenue of C$12 million (+140% Y/Y).
  • Q1 revenues totaled C$4.27 million, of which E-commerce was C$3.16 million.
  • For FY22, LXRandCo expects revenue of C$25 million - C$30 million.
  • Price Action: LXR shares are trading higher by 4.55% at C$0.12 on TSX on the last check Thursday.
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