Coming off a great last quarter, CEO Nicole Ostoya posted its first Shareholder's letter highlighting its results through the third quarter. Here is the excerpt from that letter:
“Dear Shareholders,
We are so pleased to send our first shareholder letter to our founding shareholder group. In a mere nine months we have created some incredible traction. Founded on the idea that celebrity branding has become much smarter and design oriented, we created a full-service licensing company that caters to brands with longevity and market potential.
The first nine months were marked by many firsts for BOLDFACE. Our first and founding brand backed by the Kardashian Sisters, Kourtney, Kim and Khloé, had a holiday preview where we had great sell through in the majority of our retail locations. We set up our offices in Santa Monica California and currently have 7 full-time employees covering various areas of expertise.
We have spent considerable time strengthening our operations and have partnered with Covalent Works as our EDI provider and Walker International as our fulfillment center. In addition we have worked out our back of the house process to keep cost of goods in line with plan. To date, our holiday preview came in at over $ 1.5 million net wholesale revenue and YTD our gross wholesale stands at 5,362M.
We are looking to the future with optimism and big plans.”
We here at NBT are excited to see how the next quarter will turn out for BoldFace.
You can view the entire letter here.
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Founder and Editor-in-Chief for NBTEquitiesResearch.com. Contributor and Anchor for the Fox News Channel and Fox Business Network 2000-2013. Chairman & CEO of NBT Group, Inc., a boutique private capital investment bank and investor relations organization.
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KK, NOT! Will not invest in anything involving her.
this will probably tank like a majority of the other reco's from Tobin. So disappointed in my boy from FOX.
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