Summary by Moomoo AI
Jeffs' Brands Ltd, a data-driven e-commerce company listed on Nasdaq, reported a significant increase in revenues for its subsidiary Fort Products Ltd. for the first quarter of 2024. In a press release dated May 16, 2024, the company announced that Fort's revenues on the Amazon Marketplace surged by 55% to $2.125 million compared to the same period in 2023. The company's profit from Amazon sales also saw a substantial rise of 106.6%, reaching $266 thousand. CEO Victor Hakmon attributed the success to the strategic acquisition made a year prior, which leveraged Jeffs' Brands' online sales expertise in the growing pest control market. The company's forward-looking statements suggest confidence in continued growth and adaptation to market changes, despite acknowledging potential risks and uncertainties.
