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LXRandCo Inc. (T:LXR)

Business Focus: Investment Trusts

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Sector:  Financials Industry:  Investment Trusts
 
See Regulatory Filings on SEDAR
Company Contact
Address: 7399 Saint-Laurent Blvd
MONTREAL QC H2R 1W7
Tel: N/A
Website: https://www.lxrco.com
IR: See website
Key People
N/A    
Business Overview
LXRandCo Inc, formerly Gibraltar Growth Corp, is a Canada-based omni-channel retailer of branded vintage luxury handbags and accessories. The Company sources and authenticates products and sells them through private auctions, individual collections, directly from clients online and through a retail network of stores located in department stores in Canada, the United States and Europe; wholesale operations primarily in the United States; and its own eCommerce website. The Company offers preowned products from iconic luxury brands such as Hermss, Louis Vuitton, Gucci, Prada, Ferragamo, Miu Miu, Cartier, Dior, Chlow and Chanel, among others.
Financial Overview
For the six months ended 30 June 2019, LXRandCo Inc revenues decreased 4% to C$17.3M. Net loss before extraordinary items decreased 52% to C$6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Impairment of goodwill decrease from C$3.7M (expense) to C$0K, Selling, general and administrative expe decrease of 24% to C$9M (expense).
Employees: 179 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $9.78M as of Jun 30, 2019
Annual revenue (TTM): $38.12M as of Jun 30, 2019
EBITDA (TTM): -$10.13M as of Jun 30, 2019
Net annual income (TTM): -$13.11M as of Jun 30, 2019
Free cash flow (TTM): -$2.43M as of Jun 30, 2019
Net Debt Last Fiscal Year: $2.41M as of Jun 30, 2019
Shares outstanding: 28,176,012 as of Jul 19, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization