NASDAQ$TBLT
Toughbuilt Industries Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
ToughBuilt Industries reported a decrease in revenue and a net loss for Q3 2023, but operating expenses were reduced.
ToughBuilt Industries reported a 32% decrease in revenue to $20.6 million for Q3 2023 compared to $30.2 million in Q3 2022. The company experienced a net loss of $8.4 million, or $(0.27) per share, compared to a net income of $539 thousand, or $0.05 per share, in Q3 2022. However, operating expenses decreased by 23.8% to $14.2 million.
- Revenue decreased by 32% to $20.6 million compared to Q3 2022.
- Gross profit decreased to $4.9 million, with a gross margin of 23.8%.
- Operating expenses decreased by 23.8% to $14.2 million.
- Net loss attributable to common shareholders was $8.4 million, or $(0.27) per share.
Headline financials
Revenue & EPS history
ToughBuilt · Revenue · Quarterly
$20.6M
Revenue by segment
ToughBuilt · $3.91M total across 1 segment · Q3 2022
- Amazon Sales$3.91M—100.0%
Forward guidance
The company's CEO stated that despite facing less than favorable market conditions, their rigorous efforts in expense management yielded significant improvements, contributing to a noteworthy reduction in net losses and are successfully steering the company on a path towards sustained profitability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
-9.1%
Avg return
Earnings day
-11.6%
Avg return
5 days after
-17.5%
Avg return
30 days after
21%
5 / 24 earnings
Positive
+12.9%
Q3 2020
Best reaction
-26.2%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2024 | +1.3% | +3.3% | -3.5% | |
| Q4 2023 | -15.1% | -20.3% | -41.7% | |
| Q3 2023 | +1.1% | -1.2% | -14.1% | |
| Q2 2023 | +1.5% | -5.9% | -12.8% | |
| Q4 2022 | -6.0% | -9.8% | -24.8% | |
| Q1 2023 | -6.0% | -9.8% | -24.8% | |
| Q2 2022 | -6.0% | -9.8% | -24.8% | |
| Q3 2022 | -9.3% | -16.6% | -30.5% | |
| Q1 2022 | -20.7% | -9.0% | -65.5% | |
| Q4 2021 | -0.5% | -0.7% | -30.8% | |
| Q3 2021 | -5.4% | -17.7% | -22.6% | |
| Q2 2021 | -26.2% | -28.1% | -20.2% | |
| Q4 2020 | -20.9% | -17.5% | -36.2% | |
| Q1 2021 | -20.9% | -17.5% | -36.2% | |
| Q3 2020 | +12.9% | +11.5% | +6.3% | |
| Q2 2020 | +9.8% | +9.5% | -9.9% | |
| Q1 2020 | -22.8% | -11.6% | -26.1% | |
| Q4 2019 | -2.7% | +6.1% | -9.3% | |
| Q3 2019 | -3.4% | -22.7% | -15.0% | |
| Q2 2019 | -25.9% | -32.2% | -34.5% | |
| Q1 2018 | -25.9% | -32.2% | -34.5% | |
| Q1 2019 | -6.4% | -12.7% | -35.3% | |
| Q2 2018 | -5.3% | -9.9% | -32.2% | |
| Q3 2018 | -15.8% | -24.6% | +158.3% | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2015 | — | — | — |
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