ToughBuilt Industries jumps as quarterly revenue more than triples

Toughbuilt Industries

17/05/2021 22:48

** U.S. tool belts and tool bags maker's shares  TBLT.O  up
13.8% at $0.74 after market, with over 1.2 mln shares traded    
    ** Co says Q1 revenue increased 214% to $12.3 mln boosted by
demand across product lines in the United States and Canada
 urn:newsml:reuters.com:*:nGNX1qngC3
    ** Q1 gross profits jumped 128% to $3.5 mln
    ** Stock set for third straight session of gains
    ** TBLT down ~18% this year, and last traded above $1 in
early April

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223
8780; Twitter: https://twitter.com/sampath_uday  ;))