Reported Earnings • Aug 13
Second quarter 2023 earnings released: CA$0.025 loss per share (vs CA$0.004 loss in 2Q 2022) Second quarter 2023 results: CA$0.025 loss per share (further deteriorated from CA$0.004 loss in 2Q 2022). Revenue: CA$3.73m (down 32% from 2Q 2022). Net loss: CA$2.31m (loss widened CA$1.96m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. New Risk • Jun 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-CA$2.8m). Market cap is less than US$10m (CA$10.1m market cap, or US$7.52m). Reported Earnings • May 13
First quarter 2023 earnings released: CA$0.004 loss per share (vs CA$0.01 loss in 1Q 2022) First quarter 2023 results: CA$0.004 loss per share (improved from CA$0.01 loss in 1Q 2022). Revenue: CA$3.72m (down 14% from 1Q 2022). Net loss: CA$337.4k (loss narrowed 64% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: CA$0.004 (vs CA$0.001 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.004 (up from CA$0.001 in 3Q 2021). Revenue: CA$5.01m (flat on 3Q 2021). Net income: CA$370.2k (up CA$311.0k from 3Q 2021). Profit margin: 7.4% (up from 1.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Executive Chair & President Val Sorbie was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: CA$0.004 (vs CA$0.001 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.004 (up from CA$0.001 in 3Q 2021). Revenue: CA$5.01m (flat on 3Q 2021). Net income: CA$370.2k (up CA$311.0k from 3Q 2021). Profit margin: 7.4% (up from 1.2% in 3Q 2021). Aankondiging • Nov 11
LXRandCo, Inc. Provides Earnings Guidance for the Year of 2022 LXRandCo, Inc. provided earnings guidance for the year of 2022. For the year, the company expected total net revenue of $20 million to $22.5 million. Aankondiging • Aug 17
LXRandCo, Inc. Reaffirms Revenue Guidance for the Year 2022 LXRandCo, Inc. reaffirmed revenue guidance for the year 2022. The company's full year net revenue outlook for 2022 remains unchanged at $25 million to $30 million. Reported Earnings • Aug 11
Second quarter 2022 earnings released: CA$0.004 loss per share (vs CA$0.017 loss in 2Q 2021) Second quarter 2022 results: CA$0.004 loss per share (up from CA$0.017 loss in 2Q 2021). Revenue: CA$5.48m (up 36% from 2Q 2021). Net loss: CA$353.6k (loss narrowed 78% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Aankondiging • Jul 12
LXRandCo, Inc. Provides Revenue Guidance for the Year 2022 LXRandCo, Inc. provided revenue guidance for the year 2022. For the full year 2022, net revenue outlook is between $25 million and $30 million. Aankondiging • Jun 17
LXRandCo, Inc. Provides Revenue Guidance for the Fiscal Year 2022 LXRandCo, Inc. provided revenue guidance for the fiscal year 2022. For the year, the company expects net revenue to be between $25 million and $30 million. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Executive Chair & President Val Sorbie was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 14
First quarter 2022 earnings released: CA$0.01 loss per share (vs CA$0.018 loss in 1Q 2021) First quarter 2022 results: CA$0.01 loss per share. Revenue: CA$4.30m (up 65% from 1Q 2021). Net loss: CA$924.0k (loss widened 4.5% from 1Q 2021). Aankondiging • Apr 15
LXRandCo, Inc. Provides Revenue Guidance for the Fiscal Year 2022 LXRandCo, Inc. provided revenue guidance for the fiscal year 2022. For the year, the company expects net revenue to be between $25 million and $30 million. Aankondiging • Apr 09
LXRandCo, Inc., Annual General Meeting, Jun 09, 2022 LXRandCo, Inc., Annual General Meeting, Jun 09, 2022. Reported Earnings • Apr 01
Full year 2021 earnings released: CA$0.031 loss per share (vs CA$0.24 loss in FY 2020) Full year 2021 results: CA$0.031 loss per share (up from CA$0.24 loss in FY 2020). Revenue: CA$18.0m (up 31% from FY 2020). Net loss: CA$2.90m (loss narrowed 62% from FY 2020). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS CA$0.001 (vs CA$0.089 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$4.99m (up 75% from 3Q 2020). Net income: CA$59.2k (up CA$2.85m from 3Q 2020). Profit margin: 1.2% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Aankondiging • Sep 15
LXRandCo, Inc. Provides Revenue Guidance for the Fiscal Year 2021 LXRandCo, Inc. provided revenue guidance for the fiscal year 2021. For the year, the company's total net revenue target for Fiscal Year 2021 is between $17.5 million and $20 million, with e-commerce penetration of approximately 50% to 65%. Reported Earnings • Aug 13
Second quarter 2021 earnings released: CA$0.017 loss per share (vs CA$0.058 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$4.03m (up 182% from 2Q 2020). Net loss: CA$1.58m (loss narrowed 9.2% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Aankondiging • Aug 13
Lxrandco, Inc. Updates Revenue Guidance for the Full Year 2021 LXRandCo, Inc. updated revenue guidance for the full year 2021. For the period, the company modified revenue outlook from between $16 million and $20 million to between $17.5 million and $20.0 million. Aankondiging • Jul 16
Lxrandco, Inc. Provides Revenue Guidance for the Fiscal Year 2021 LXRandCo, Inc. provided revenue guidance for the fiscal year 2021, for the year, the company's total net revenue target for Fiscal Year 2021 is between $16 million and $20 million. Recent Insider Transactions • Jun 24
Independent Director recently bought CA$212k worth of stock On the 22nd of June, Eric Graveline bought around 2m shares on-market at roughly CA$0.13 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$316k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 05
Independent Director recently bought CA$104k worth of stock On the 3rd of June, Eric Graveline bought around 800k shares on-market at roughly CA$0.13 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • May 15
First quarter 2021 earnings released: CA$0.018 loss per share (vs CA$0.04 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: CA$2.60m (down 57% from 1Q 2020). Net loss: CA$884.0k (loss narrowed 9.3% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Aankondiging • Apr 24
LXRandCo, Inc. Provides Preliminary Revenue Guidance for the First Quarter and Twelve Months Ending March 31, 2021 LXRandCo, Inc. provided preliminary revenue guidance for the first quarter and twelve months ending March 31, 2021. For the quarter, the company expects total revenue to be $2.6 million, a decrease of 58% compared to same period last year.
For the twelve months, the company expects total revenue to be $10.3 million, a decrease of 73% compared to same period last year. Reported Earnings • Apr 02
Full year 2020 earnings released: CA$0.24 loss per share (vs CA$0.43 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: CA$13.8m (down 66% from FY 2019). Net loss: CA$7.71m (loss narrowed 23% from FY 2019). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 29
New 90-day high: CA$0.22 The company is up 10.0% from its price of CA$0.20 on 28 September 2020. The Canadian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 30% over the same period. Aankondiging • Dec 25
LXR and Co., Inc. announced that it has received CAD 7.5 million in funding from Gibraltar Ventures and other investors On December 23, 2020, LXR and Co., Inc. (TSX:LXR) closed the transaction. The company has issued 60,000,000 units for gross proceeds of CAD 7,500,000 in the transaction. The transaction included participation from existing investors Gibraltar Ventures for 8,000,000 units to own 20.30% stake, Eric Graveline for 1,600,000 units to own 4.59% stake, Camillo di Prata, interim chief executive officer for 6,600,000 units to own 7.60% stake, Valerie Sorbie for 2,160,000 units to own 2.82% stake, new investors Javier San Juan for 1,200,000 units to acquire 1.29% stake, Luigi Fraquelli 200,000 units to acquire 0.22% stake. The transaction has been approved by the board of directors, shareholders of the company, and Toronto Stock Exchange. The outstanding number of shares increased from 32,783,155 shares to 92,783,155 shares. Reported Earnings • Nov 15
Third quarter 2020 earnings released: CA$0.089 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: CA$2.86m (down 66% from 3Q 2019). Net loss: CA$2.79m (loss widened 21% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 68% per year, which means it is significantly lagging earnings. Aankondiging • Aug 18
LXRandCo, Inc. announced that it has received CAD 0.80625 million in funding from Gibraltar & Company On June 4, 2020, LXRandCo, Inc. (TSX:LXR) closed the transaction. The company amended the terms of the transaction and now has issued 4,607,143 shares for gross proceeds of CAD 806,250. The company issued 1,250,000 shares for proceeds of CAD 218,750 in its second and final tranche. Aankondiging • Aug 06
LXRandCo, Inc. to Report Q2, 2020 Results on Aug 14, 2020 LXRandCo, Inc. announced that they will report Q2, 2020 results at 7:00 AM, US Eastern Standard Time on Aug 14, 2020 Aankondiging • Jun 19
LXRandCo, Inc. Provides Update on Impact of COVID-19 on Store Operations and Re-Openings LXRandCo, Inc. provided an update on the implications of the outbreak of the coronavirus ("COVID-19") on its operations and the re-opening of its store network. Since the Company's announcement on March 20, 2020, where in response to the COVID-19 outbreak, the Company announced that further to the decisions made by its retail partners that it too would temporarily close all its stores until further notice, a majority of the Company's retail partners have since commenced store re-openings in select North American locations (albeit with reduced operating hours and staffing levels). As a result, the Company also commenced the gradual re-opening of certain store locations in May under a streamlined and more efficient operating model. Currently, the Company has 22 (or 31%) of its total LXRandCo store locations in operation across Canada and the U.S. By the end of the second quarter, it expects to have approximately 37 (or 53%) of its retail network in operation. In addition, as previously disclosed the Company has taken actions to improve its liquidity. On May 26, 2020, the Company reported that it completed a $3.6 million financing (later increased to $3.8 million) of which $3.0 million was in the form of a three-year term loan and $0.6 million (later increased to $0.8 million) through a private placement of LXRandCo Class B shares, in which certain of the Company's directors also participated. Concurrent with the above, the Company also renewed its existing asset-backed lending facility, which was to mature in June 2020 for a three-year term. Given the uncertain economic environment, the Company's strategy is to continue the gradual re-opening of its stores as its retail partners continue to do so and as consumer in-store traffic supports such plans with the goal of having 100% of its stores (70 stores) in operation by September 30, 2020. While this strategy is based on information available as of the present date, the Company believes that the uncertain effects of COVID-19 on its operations, retail partners' operations and/or on consumer demand and buying patterns, particularly in a prolonged or recurring scenario, may alter the timing of store re-openings. 
