SFLMaven Corp (OTCMKTS:SFLM) jumped 17% after announcing the filing of its unaudited financial performance data for the period ended June 30, 2021, featuring a robust business activity expansion and solid bottom and top-line improvements. Total sales were up 14% YoY for the six months ended June 30, 2021, at $4.8 million. In addition, the company reported accelerated sales growth, with June sales jumping 125% YoY and gross profit was $688,423 1H 2021, which is a 194% YoY increase.
SEO Joseph Ladin said that the company is experiencing solid improvements in its core business to expand sales and via operational efficiencies. He added that the company is looking to add more sales channels, as demonstrated by the recent introduction for the 1stDibs.com SDFLMaven store.
In addition, the company management has implemented competitive solid bidding dynamics, improved ad efficiency, refined advertising campaigns, and enhanced listings quantity, which supported bottom-line growth. As a result, SFLM is in a better position currently, and it is worth watching.
Market Reaction:
On Wednesday, SFLM stock surged 16.67% at $0.0049 with more than 98.55 million shares, compared to its average volume of 13.33 million shares. The stock has moved within a range of $0.0046 – 0.0064 after opening the trade at $0.046.
