Toughbuilt Industries Inc (NASDAQ:TBLT) is moving up in the pre-market session following the news. Investors seem to be excited about recent results. After six down days, TBLT may be bouncing here.
As of 7:48, TBLT is trading higher by 21.49% at $0.7897. So far more than 1.8 million shares have exchanged hands.
TBLT Releases Earnings
Toughbuilt Industries Announces First Quarter 2021 Results
- Revenues for the first quarter of 2021 increased 214% to $12.3 million, compared to $3.9 million in the first quarter of 2020.
- GAAP gross profit increased 128% to $3.5 million, compared to $1.5 million in the first quarter of 2020. GAAP gross profit margins for the quarter were 28.2%, compared to 38.9% in the year ago period.
- Net loss attributable to common stockholders was $6.1 million, or $0.09 per share, as compared to a net loss of $5.0 million, or $0.43 per share in the first quarter of 2020.
- Cash and cash equivalents was $32.5 million as of March 31, 2021.
|SHARES OUTSTANDING||81.62 M|
|SHARE FLOAT (%)||78.07 M (95.65%)|
|% HELD BY INSTITUTIONS||11.47|
Recent Stock Performance
|+/- EMA(20)||0.73 (-10.96%)|
|+/- SMA(50)||0.90 (-27.78%)|
|+/- SMA(200)||0.89 (-26.97%)|
|CCI20||-126.5815||Sell||Chaikin Money Flow||-0.0555||Sell|
|MACD||-0.0846||Sell||Money Flow Index||35.5445||Sell|
|STOCH (14,3)||26.0870||Sell||STOCH RSI||0.7265||Buy|