Sun Kissed's SFLMaven Celebrates its Resilient 2020 Performance
February 22 2021 - 8:00AM
InvestorsHub NewsWire
Sun
Kissed's
SFLMaven
Celebrates its
Resilient 2020
Performance
NEW YORK, NY -- February 22,
2021 -- InvestorsHub NewsWire -- Sun Kissed Industries
Inc. (OTC
Pink: SKDI), d/b/a SFLMaven ("SFLMaven", "SKDI", or the
"Company"), (www.sunkissedindustries.com) a leading provider of high-end
luxury goods, announces data and analysis
for
the
Company's 2020 operating performance as it successfully navigated a
challenging macro context to post strong sales with
accelerating growth into the end of the year.
Please Note:
The Company will
file official its 2020 financial performance data next
month. The
data
presented below represents provisional numbers subject
to slight potential adjustment
only.
Management believes
SFLMaven's 2020 revenues
totaled
approximately
$7.5
million, which represents significant
resilience in the face of powerful macro headwinds related to the
Covid-19 pandemic health crisis and its associated deep economic
recession.
The Company also managed to end
the year on a very strong note, pulling in over $2 million in sales
during the final quarter of the year. Q4 saw strong sequential
growth relative to Q3:
- Q4 2020
Net
Sales
are projected
at approximately
$2 million,
representing 12% growth on a sequential quarterly
basis over Q3
- Q4
Web
Impressions
were up a
very impressive +29.3% on a sequential quarterly basis
relative to Q3
- Q4
Page
Views
were up +19.5% on a sequential quarterly basis
relative to Q3
- Q4 Total Items
Sold came in at 2,884, which represents +8% sequential quarterly growth
relative to Q3
"2020 was a great year
for SFLMaven," remarked Joseph Ladin, CEO
of
SFLMaven. "We are very encouraged by the
resilience of our business model and market positioning in the face
of extraordinary challenges impacting the high-end retail space, as
demonstrated by overall strong metrics and clear evidence of
accelerating growth into year-end, which should carry over into
2021 as the world prepares to reopen economically with huge fiscal
and monetary policy tailwinds in place."
"Also, at this time in order to
better facilitate and reflect improved market communication and our
already initiated rebranding efforts from Sun Kissed to
SFLMaven, I would like to inform the
market that we filed for our official name & symbol change with
FINRA on Friday February 19th, 2021; and below please find
direct links to our SFLMaven Corporate Twitter Account and
our SFLMaven ebay Store":
https://twitter.com/sunkissinc?lang=en
http://www.ebaystores.com/SFLMAVEN-ANTIQUES-JEWELRY-FINE-ART
About
Sun Kissed Industries,
Inc.
Sun Kissed Industries Inc.
(OTC Pink: SKDI) is a provider of high-end luxury
goods to discerning clientele around the globe. The
company has recently pivoted away from
emerging markets and is now focused on revenue
generating acquisitions.
FORWARD-LOOKING
STATEMENTS:
This press release may contain
forward-looking statements, including information about
management's view of Sun Kissed Industries Inc.'s future
expectations, plans and prospects. In particular, when used in the
preceding discussion, the words "believes," "expects," "intends,"
"plans," "anticipates," or "may," and similar conditional
expressions are intended to identify forward-looking statements.
Any statements made in this news release other than those of
historical fact, about an action, event or development, are
forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, which may cause the
results of Sun Kissed, its subsidiaries and concepts to be
materially different than those expressed or implied in such
statements. Unknown or unpredictable factors also could have
material adverse effects on Sun Kissed's future results. The
forward-looking statements included in this press release are made
only as of the date hereof. Sun Kissed cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, Sun Kissed undertakes no
obligation to update these statements after the date of this
release, except as required by law, and also takes no obligation to
update or correct information prepared by third parties that are
not paid for by Sun Kissed.
SOURCE: Sun Kissed Industries
Inc.
Corporate
Contact
info@sflmaven.com
Public
Relations
EDM Media,
LLC
https://edm.media
(800)
301-7883