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ToughBuilt Industries (TBLT) Stock Surges As Amazon Sales Double in H1

Sam Boughedda trader
Updated 9 Jul 2021

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ToughBuilt Industries

Shares of product design, manufacturer and distributor ToughBuilt Industries, Inc. (NASDAQ: TBLT) are surging premarket after the company said that gross sales through increased 118% in the first half of 2021.

Gross sales came in a $5.48 million, compared to $2.51 million in 2020.

Michael Panosian, CEO of ToughBuilt, commented: “The significant momentum of our sales in the first half of 2021 reflects the increasing strength of our brand across all product lines with professional and DIY builders throughout North America.

“As our online presence expands into Canada and Mexico, and US sales continue to increase, we are simultaneously expanding our geographic footprint and launching new SKUs to capitalize on the strong demand for our innovative designs and features.”

ToughBuilt's shares are currently trading at $1.08, up 49.92% on Friday.

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Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.