This growth is largely attributed to the strategic acquisition of Fort Product Ltd. (“Fort”), in March 2023 and an expanded product lineup, particularly in the pest control.
Key Points:
- This growth is largely attributed to the strategic acquisition of Fort Product Ltd. (“Fort”), in March 2023 and an expanded product lineup, particularly in the pest control.
- Operating Loss: Jeffs' Brands experienced an operating loss of $5,089 thousand in 2023, compared to a loss of $4,512 thousand in 2022.
- Pioneering the Pest Control Sector with Fort Acquisition: In a strategic move to dominate the pest control market, Jeffs' Brands acquired Fort in March 2023.
- The PIPE transaction emphasizes investor confidence in Jeffs' Brands’ vision and strategic direction, enhancing its liquidity and financial stability.
Tel Aviv, Israel, April 01, 2024 (GLOBE NEWSWIRE) -- Jeffs’ Brands Ltd. (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced the filing of its 2023 Annual Report on Form 20-F with the Securities and Exchange Commission.
Key Points:
- Tel Aviv, Israel, April 01, 2024 (GLOBE NEWSWIRE) -- Jeffs’ Brands Ltd. (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced the filing of its 2023 Annual Report on Form 20-F with the Securities and Exchange Commission.
- Jeffs’ Brands’s 2023 Annual Report on Form 20-F includes audited financial statements for the year ended December 31, 2023.
- The report can be accessed on the company’s investor relations website at ir.monday.com and on the SEC’s website at www.sec.gov .
Tel Aviv, Israel, March 14, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced the expansion of the Fort brand, under its wholly owned subsidiary Fort Products Ltd. (“Fort”), with the launch of a novel line of pest control solutions. This new product range, characterized by its innovative pest-repellent technology, marks a significant advancement in the pest control industry, offering consumers dozens of unique products designed to effectively repel pestsin a non-lethal manner.
Key Points:
- This new product range, characterized by its innovative pest-repellent technology, marks a significant advancement in the pest control industry, offering consumers dozens of unique products designed to effectively repel pestsin a non-lethal manner.
- The launch of this new line under the Fort brand represents a significant step forward in our commitment to innovation, quality, and sustainability in the pest control market."
- The uniqueness of the Fort brand's new pest control line lies in its advanced repellent technology.
- In line with its strategy to meet the growing demand for effective pest control solutions worldwide, Jeffs' Brands has ensured that the new Fort product line is readily available to consumers through the Amazon Marketplace.
Tel Aviv, Israel, March 12, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced preliminary unaudited financial results for Fort Products Ltd. (“Fort”), its wholly owned subsidiary, on its revenue for sales on Amazon Marketplace, according to the data received from the Amazon seller central. The following results is for the period beginning on March 9, 2023, the date Fort was acquired by the Company, and ending on December 31, 2023 (the “Period").
Key Points:
- The following results is for the period beginning on March 9, 2023, the date Fort was acquired by the Company, and ending on December 31, 2023 (the “Period").
- Fort’s Amazon generated revenues for the Period, amounted to approximately $5.3 million, representing an increase of 23% compared $4.3 million at the same period of 2022, prior to the acquisition.
- Profit attributed directly to Amazon sales, amounted to $614 thousand, compared to $445 thousand in the same period of 2022.
- Victor Hakmon, CEO of Jeffs' Brands said "Less than a year since acquiring Fort, we are witnessing remarkable success in operating and expanding the brand.
Retrieved on:
Tuesday, February 6, 2024
Tel Aviv, Israel, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced the commencement of sales for the brand of its wholly-owned subsidiary Fort Products Ltd., of pest control solutions on the Amazon Marketplace in France.
Key Points:
- Tel Aviv, Israel, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced the commencement of sales for the brand of its wholly-owned subsidiary Fort Products Ltd., of pest control solutions on the Amazon Marketplace in France.
- This expansion is part of the Company's strategy to address the growing demand for effective pest control solutions globally.
- To accommodate future demands and ensure a steady supply of products, Jeffs' Brands previously announced on January 31, 2024, the establishment of a dedicated production line in China.
- Victor Hakmon, CEO of Jeffs' Brands said: "We are thrilled to bring our Fort brand to Amazon France, a strategic move that aligns with our commitment to addressing global consumer needs.
Tel Aviv, Israel, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced that its wholly owned subsidiary, Fort Products Ltd. (“Fort”), had signed an exclusive distribution agreement with a leading manufacturer of solar panel protection and related products (the “Products”). According to the agreement, previously announced on January 23, 2023, Fort was granted the exclusive right to sell and market the Products as an independent distributor, with no territorial limitation.
Key Points:
- Tel Aviv, Israel, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced that its wholly owned subsidiary, Fort Products Ltd. (“Fort”), had signed an exclusive distribution agreement with a leading manufacturer of solar panel protection and related products (the “Products”).
- According to the agreement, previously announced on January 23, 2023, Fort was granted the exclusive right to sell and market the Products as an independent distributor, with no territorial limitation.
- As a result, Fort and the manufacturer decided to expand their partnership and enter into an exclusive distribution agreement.
- "As a leading brand in the pest control market, Fort recognized the growing demand for protecting solar panels from pests, leading us to expand into the solar panel protection sector.
Retrieved on:
Wednesday, January 31, 2024
Tel Aviv, Israel, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, today announced it has completed the establishment of a dedicated manufacturing line for a wide range of products offered by its wholly-owned subsidiary Fort Products Ltd. (“Fort”), in China. The new dedicated production line will facilitate in meeting future demands and cost reductions.
Key Points:
- The new dedicated production line will facilitate in meeting future demands and cost reductions.
- Fort currently offers over 120 different products for pest control and related products, both for consumers, through its brand on the Amazon Marketplace and as wholesaler for organizations and institutions.
- In the past year, we have expanded into new regions, thereby broadening the reach of our brand.
- To support this growth, a dedicated production line is instrumental in scaling up our business operations."
Retrieved on:
Tuesday, January 30, 2024
The aggregate gross cash proceeds were $7.275 million, before deducting fees to the placement agent and other offering expenses payable by the Company.
Key Points:
- The aggregate gross cash proceeds were $7.275 million, before deducting fees to the placement agent and other offering expenses payable by the Company.
- In connection with the private placement, the Company issued an aggregate of 2,704,461 units and pre-funded units.
- No actual units or pre-funded units were issued in connection with the private placement.
- Aegis Capital Corp. acted as the Exclusive Placement Agent for the private placement.
Retrieved on:
Thursday, January 25, 2024
In connection with the private placement, the Company will issue an aggregate of 2,704,461 units and pre-funded units.
Key Points:
- In connection with the private placement, the Company will issue an aggregate of 2,704,461 units and pre-funded units.
- The closing of the private placement is expected to occur on or about January 29, 2024, subject to the satisfaction of certain customary closing conditions.
- Aegis Capital Corp. is acting as the Exclusive Placement Agent for the private placement.
- is serving as counsel to Aegis Capital Corp. for the private placement.
Retrieved on:
Tuesday, January 23, 2024
Tel Aviv, Israel, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced today that its wholly owned subsidiary, Fort Products Ltd. (“Fort”), had signed an exclusive distribution agreement with a leading manufacturer of solar panel protection and related products (the “Products”). According to the agreement, Fort was granted the exclusive right to sell and market the Products as an independent distributor, with no territorial limitation.
Key Points:
- According to the agreement, Fort was granted the exclusive right to sell and market the Products as an independent distributor, with no territorial limitation.
- Fort has previously achieved great success in selling the Products on the Amazon Marketplace UK.
- As a result, Fort and the manufacturer decided to expand their partnership and enter into an exclusive distribution agreement.
- "As a leading brand in the pest control market, Fort recognized the growing demand for protecting solar panels from pests, leading us to expand into the solar panel protection sector.
