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ToughBuilt Industries, Inc. WT EXP 110923 - TBLTW STOCK NEWS

Welcome to our dedicated news page for ToughBuilt Industries WT EXP 110923 (Ticker: TBLTW), a resource for investors and traders seeking the latest updates and insights on ToughBuilt Industries WT EXP 110923.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ToughBuilt Industries WT EXP 110923's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ToughBuilt Industries WT EXP 110923's position in the market.

Rhea-AI Summary
ToughBuilt announces dividend of Series H Preferred Stock for outstanding common stock shareholders. Each share of Series H Preferred Stock has 1,000,000 votes per share. Non-present shares will be automatically redeemed. Details in Form 8-K.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.17%
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none
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Rhea-AI Summary
ToughBuilt Industries reports Q2 2023 financial results with revenue increasing 5.5% YoY to $18.9 million and net loss improving 53% YoY to $5.9 million. Gross profit increased 18.5% YoY to $5.8 million with a gross margin of 31%. Recent business highlights include expanding distribution to the UK and the EU.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.42%
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Rhea-AI Summary
ToughBuilt to hold earnings conference call on August 22, 2023
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End-of-Day
-- %
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conferences earnings
Rhea-AI Summary
ToughBuilt Industries, Inc. is expanding distribution in the European Union with two major retail groups, La Platforme Du Batiment and Prolians, servicing professional customers in France and Spain. This will provide access to ToughBuilt products to over 600,000 customers across both retail groups.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.95%
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none
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Rhea-AI Summary
ToughBuilt Industries, Inc. is expanding distribution to customers in the United Kingdom through new business with Howdens UK and City Electrical Factors UK. This will give ToughBuilt access to a combined network of more than 1,200 retail locations nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.47%
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none
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Rhea-AI Summary
ToughBuilt Industries, Inc. announced that its gross sales for Q2 2023 through Amazon.com were $3.61 million, consistent with Q2 2022. Sales for the first six months of 2023 increased by 5.3% to approximately $7.41 million compared to the same period last year. ToughBuilt aims to expand its distribution network and reduce expenses to drive profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.87%
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-- %
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-53.75%
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Rhea-AI Summary
ToughBuilt Industries, Inc. reported a 17% increase in revenue and an 18% increase in gross profit for the first quarter of 2023. The net loss improved by 31% from the previous year. The company launched new product lines and expanded its global presence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.04%
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Rhea-AI Summary
ToughBuilt Industries, Inc. announces pre-recorded earnings call to discuss 2023 Q1 financial and operating results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.55%
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conferences earnings
ToughBuilt Industries, Inc. WT EXP 110923

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