Microcap Profile

Microcap Profile (Nasdaq: TBLT)

#NET SALES FOR THREE-MONTH PERIOD ENDED SEPTEMBER 30, 2020 WERE $16.6 MILLION, AN INCREASE OF 248% FROM $4.7 MILLION FOR THE SAME PERIOD IN 2019.

#NET SALES FOR THE NINE-MONTH PERIOD ENDED SEPT 30, 2020 WERE $27.4 MILLION, AN INCREASE OF 88% FROM $14.5 MILLION FOR THE SAME PERIOD IN 2019.

#NET INCOME WAS $120,000 FOR THE THREE MONTHS ENDED SEPT 30, 2020, COMPARED TO A NET LOSS OF $2.6 MILLION IN THE SAME PERIOD IN 2019 (TBLT JUST HIT PROFITABILITY)

12/7 TBLT REPORTED THE LAUNCH OF SOFT SIDED TOOL ORGANIZATION PRODUCTS, CONSISTING OF 4 HARD BODY BAGS, 10 CLIPTECH™ POUCHES AND ACCESSORIES, AT LOWE’S STORES NATIONWIDE & LOWE’S.COM

Lowe's Labor day sales deals

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Hello Everyone,

Our New Profile is Toughbuilt Industries Inc (NASDAQ: TBLT).

This is a company that we profiled back on the 11th at .99 and it hasn’t looked back since.  In fact,  Monday it smashed recent highs at ran all the way to $1.52.

This slight pullback has presented TBLT with the potential for another leg up.

Toughbuilt Industries Inc (NASDAQ: TBLT) operating out of Lake Forest, California and trading on the NASDAQ, ToughBuilt is a leading designer, manufacturer and distributor of innovative tools and accessories to the building industry. The Company markets and distributes various home improvement and construction product lines for both the do-it-yourself and professional markets under the TOUGHBUILT® brand name, within the global multibillion dollar per year tool market industry. All of Toughbuilt products are designed by our in-house design team. Since launching product sales in 2013, the Compay has experienced significant annual sales growth. Toughbuilt’s current product line includes three major categories, with several additional categories in various stages of development, consisting of Soft Goods & Kneepads and Sawhorses & Work Products. Toughbuilt’s mission is to provide products to the building and home improvement communities that are innovative, of superior quality derived in part from enlightened creativity for its end users while enhancing performance, improving well-being and building high brand loyalty. For more on Toughbuilt go here: https://www.toughbuilt.com/

TOUGHBUILT

TBLT is doing big numbers recently reporting $27.4 million in sales for the 9 months ended September 30, 2020. The Company is also making money recenty reporting its first net income of $120,000 for the 3 months ended September 30, 2020.

toughbuilt.com — Brad Good | Squarespace Expert & Website Designer

TOUGHBUILT® manufactures and distributes an array of high quality and rugged tool belts, tool bags and other personal tool organizer products. The Compny also manufactures and distributes a complete line of knee pads for various construction applications. Our line of job-site tools and material support products consists of a full line of miter-saw and table saw stands and saw horses/job site tables and roller stands. All of the Company’s  products are designed and engineered in the United States and manufactured in China and India under our quality control supervision. We do not need government approval for any of our products.

TOUGHBUILT® soft sided tool storage line is designed for a wide range of do-it-yourself and professional needs. This line of pouches and tool and accessories bags is designed to organize our customers’ tools faster and easier. Interchangeable pouches clip on and off any belt, bag ladder wall or vehicle. The Company’s products let our customers carry what they want so they have it when they want it.

ToughBuilt’s wide mouth tool carry-all bags come in sizes from 12 inches to 30 inches. They all have steel reinforced handles and padded shoulder straps which allow for massive loads to be carried with ease. Rigid plastic hard-body lining protects everything inside. Double mesh pockets included inside provide complete visibility for stored items. They include a lockable zipper for added security and safety and secondary side handles for when it takes more than one to carry the load.

All of these products have innovative designs with unique features that provide extra functionality and enhanced user experience. Patented features such as our exclusive “Cliptech” mechanism incorporated in some of the products in this line are unique in these products for the industry and have distinguished the line from other similarly situated products thus we believe, increasing appeal amongst the other products of this category in the professional community and among the enthusiasts.

For more on Toughbuilt go here: https://www.toughbuilt.com/

ToughBuilt Tool Pouches and Bags on Sale at Sears (Many 50% Off!)

Toughbuilt products include:

click any of the links below to check out the specific product line:

— Cliptech Tool Belts, Pouches, and Bags
— Bages and Totes
— Business Orgnization
— Knee Pads
— Sawhourses
— Miter Saw Stands

TOUGHBUILT™ LAUNCHES 14 NEW TOOL ORGANIZATION SKUs AT LOWE'S NATIONWIDE — ToughBuilt Industries, Inc. (TBLT)

Lowe's ramps up faster home delivery nationwide with more distribution centers | Business | dailyitem.comTOUGHBUILT™ LAUNCHES 14 NEW TOOL ORGANIZATION SKUs AT LOWE’S NATIONWIDE

Lake Forest , Calif, Dec. 07, 2020 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW), today announced the launch of soft sided tool organization products, consisting of 4 hard body bags, 10 CLIPTECH™ pouches and accessories, at LOWE’S stores nationwide & LOWE’S.com.

Michael Panosian, Chief Executive Officer of ToughBuilt, stated, “These are the best in category products that will set the market standard for performance. I am proud of our tough team that has worked tirelessly to develop this complicated product line and delivered in record time. Please see Massive Mouth Bag video here & CLIPTECH™ video here. We are grateful for this opportunity with LOWE’S and looking forward to strengthening our partnership as we continue to design, manufacture, and offer top quality innovation to the professional and passionate builders at LOWE’S.

Small Electrician Pouch — TOUGHBUILT

TOUGHBUILT™ ANNOUNCES RECORD THIRD QUARTER 2020 FINNACIAL RESULTS

Revenues Increase 248% in third quarter 2020 vs. 2019. Company reaches profitability in the third quarter

Lake Forest , Calif, Nov. 09, 2020 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt®” or the “Company”) (NASDAQ: TBLT; TBLTW) announced today its unaudited financial results for the third quarter and nine-months ended September 30, 2020.

Operating Results for the Three Months Ended September 30, 2020

#Net sales for three-month period ended September 30, 2020 were $16.6 million, an increase of 248% from $4.7 million for the same period in 2019.

#Gross profit increased by 410% to $7.5 million for the three months ended Sept 30, 2020, from $1.4 million in the same period in 2019.

#Income from operations for the three months ended Sept 30, 2020 was $335,000, compared to a loss of $2.4 million for the same period in 2019.

#Net Income was $120,000 for the three months ended Sept 30, 2020, compared to a net loss of $2.6 million in the same period in 2019

Operating Results for the Nine Months Ended September 30, 2020

#Net sales for the nine-month period ended Sept 30, 2020 were $27.4 million, an increase of 88% from $14.5 million for the same period in 2019.

#Gross profit increased by 203% to $11.6 million in the nine months ended Sept 30, 2020, from $3.8 million for the same period in 2019.

#Loss from operations for the nine months ended Sept 30, 2020 was $5.3 million, compared to a loss of $6.4 million for the same period in 2019.

#Net loss for the nine-month period ended Sept 30, 2020 was $6.1 million, compared to a net loss of $2.1 million for the same period in 2019.

Michael Panosian, ToughBuilt’s Chief Executive Officer, commented, “ToughBuilt delivered record financial results across the board, despite the Covid-19 pandemic impacting the industry globally. I am proud of our tough team and grateful to all retail partners, international manufacturers and global distributors for their amazing support and efforts. We continue to navigate today’s complex business landscape and are encouraged to implement more development and growth in all Markets. During the third quarter, we increased our inventory levels to ensure timely delivery of products, increased our product pipeline, expanded our customer and manufacturing relationships internationally and utilized our Amazon.com storefront to create more brand awareness and sales to service our end users. We remain committed and confident to providing market-leading innovative quality products for the professionals and other passionate builders.”

Top Tools Direct (@TopToolsDirect) | Twitter

Toughbuilt Industries Inc (NASDAQ: TBLT)
Michael Panosian, President, CEO & Director
Joshua Keeler, Vice-President – Research & Development & Director
Zareh Khachatoorian, COO, Secretary:
toughbuilt.com

Stock Information
NASDAQ: TBLT
OS: 38,414,631
Market Cap: $35,571,948

TBLT

 

TBLT MANAGEMENT TEAM:

Michael Panosian, President, CEO & Director: Mr. Panosian co-founded our Company in 2012 and has been our CEO, President and director since inception. In 2008, Mr. Panosian co-founded Pandun, Inc., a manufacturer and distributor of tools and tool accessories in Asia, and served as its CEO until 2012. Mr. Panosian has over 16 years of extensive experience in innovation, design direction, product development, brand management, marketing, merchandising, sales, supply chain and commercialization experience in the hardware industry. He has launched several product projects spanning several fields. Mr. Panosian has deep knowledge of doing business in China where he managed a team of over 350 engineers, industrial designers and marketing professionals while stationed in Suzhou with his team for 4 years. Mr. Panosian is a graduate of Northrop University in Aerospace engineering with numerous specializations; he holds numerous patents and trademarks that are shared with some of his colleagues at our Company and other development teams.

Joshua Keeler, Vice-President – Research & Development & Director: As the Vice-President Research & Development at our Company, Mr. Keeler is responsible for all product development. Mr. Keeler co-founded our Company in 2012 and works directly with Mr. Panosian in bringing innovative ideas to market. Mr. Keeler is a graduate of Art Center College of Design with a BS in Industrial Design. Mr. Keeler has over 12 years of product development experience, working on projects spanning several fields, including: automotive, personal electronics, sporting goods and a wide expanse of tools. From 1999 to 2000 he was co-owner and vice-president of Oracle Industrial Design, Co., a private company specializing in industrial design and product development. From August 2000 to April 2004, Mr. Keeler worked for Positec Power Tool Co., a private company in Suzhou, China, designing and creating a large innovation library of numerous power tool concepts. From August 2005 to April 2008, Mr. Keeler was the chief designer for Harbinger International, Inc. From August 2008 to April 2012, he was chief designer for Pandun Inc, specializing in innovative tools and supporting products. He has lived in China and has extensive experience working directly with manufacturers to get designs into production.

Zareh Khachatoorian, COO, Secretary: Mr. Khachatoorian has over 30 years of experience in the realms of corporate purchasing, product development, merchandising and operations. Prior to joining ToughBuilt in January 2016, Mr. Khachatoorian was the President of Mount Holyoke Inc. in Northridge California, starting in May 2014. Mr. Khachatoorian led Mount Holyoke Inc. in the servicing of its entire import and distribution operations. From August 2008 to April 2014, Mr. Khachatoorian served as the Vice President of Operations at Allied International (“Allied”) in Sylmar, California. At Allied, Mr. Khachatoorian was responsible for the management of overseas and domestic office employees and departments involved in the areas of procurement and purchasing, inventory management, product development, engineering, control and quality assurance, and other related areas. Mr. Khachatoorian holds a Bachelor of Science degree in Industrial Systems Engineering from the University of Southern California. Additionally, Mr. Khachatoorian has been credited as the inventor or co-inventor of more than twenty issued patents, as well as several pending patents with the United States Patent and Trademark Office (USPTO). Mr. Khachatoorian is fluent in Armenian and Farsi.

Martin Galstyan, Acting Chief Financial Officer: Mr. Galstyan joined the Company in 2012 as account manager and became controller of the Company in 2014. Mr. Galstyan set up the ERP system (Enterprise Resource Planning) for the Company and EDI (Electronic Data Interchange) for the Company’s big box retailers. Mr. Galstyan has Bachelor’s in Accounting from Woodbury University in California.

TBLT RECENT NEWS:

Lowe's ramps up faster home delivery nationwide with more distribution centers | Business | dailyitem.comTOUGHBUILT™ LAUNCHES 14 NEW TOOL ORGANIZATION SKUs AT LOWE’S NATIONWIDE

Lake Forest , Calif, Dec. 07, 2020 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW), today announced the launch of soft sided tool organization products, consisting of 4 hard body bags, 10 CLIPTECH™ pouches and accessories, at LOWE’S stores nationwide & LOWE’S.com.

Michael Panosian, Chief Executive Officer of ToughBuilt, stated, “These are the best in category products that will set the market standard for performance. I am proud of our tough team that has worked tirelessly to develop this complicated product line and delivered in record time. Please see Massive Mouth Bag video here & CLIPTECH™ video here. We are grateful for this opportunity with LOWE’S and looking forward to strengthening our partnership as we continue to design, manufacture, and offer top quality innovation to the professional and passionate builders at LOWE’S.

TOUGHBUILT™ LAUNCHES 11 NEW HAND TOOLS AT LOWE’S

Lake Forest , Calif, Dec. 22, 2020 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW), today announced the launch of Cutting products consisting of Shears, Knives and Aviation Snips, at Lowe’s USA stores.

Michael Panosian, Chief Executive Officer of ToughBuilt, stated, “We are very pleased to be adding new hand tools at Lowe’s. We believe our new pro quality Shear, Knives and Aviation Snip lines will be a positive addition to the Lowe’s wide offering in the cutting hand tool categories. This is another key accomplishment for us as we continue to expand our hand tool lines.

The shears are available nationwide at Lowe’s stores. The aviation snips and knives are currently available on the west coast stores. All items are available on Lowes.com. Please see the Shear, Aviation Snip and the Knife videos.

TOUGHBUILT™ Q3 2020 AMAZON GROSS SALES REACHED $2,070,000

Lake Forest , Calif, Nov. 04, 2020 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt” or the “Company”) (NASDAQ: TBLT; TBLTW) today announced gross sales through its U.S. & Canadian Amazon storefronts for the quarter ended September 30, 2020 were $2,070,000. In addition, gross sales for the 9 months ended September 30, 2020 through its U.S. & Canadian Amazon storefronts were $4,500,000.

Michael Panosian, Chief Executive Officer of ToughBuilt, commented, “The last 9-months have been challenging but extremely rewarding for ToughBuilt and our partners. Not only have we increased sales, we continue to penetrate new geographical markets and support our customers with timely delivery of products. Our launch last year through our Amazon storefront has been a successful business plan that we believe is strategic in many facets, including but not limited to global market exposure for our products.

We maintain a consistent flow of sales from the commercial and private sectors which we believe will be balanced as we continue to utilize the marketing and far-reaching capabilities of Amazon.com.”

TBLT NEWS:

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