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AREB Nasdaq· American Rebel Holdings Inc.
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AREB Nasdaq· American Rebel Holdings Inc.
Earnings report Q3 2023

American Rebel Holdings Reports Decrease in Revenue for Latest Quarter

Segments of revenue

American Rebel Holdings reported revenue of $3.35 million for the three months ended September 30, 2023, compared to $4.10 million in the same period last year. This represents a decrease of approximately 18% in revenue.

Strengths

Despite the decrease in revenue, American Rebel Holdings has demonstrated strengths in increasing sales volume and implementing cost-cutting measures. The management's strict adherence to best practices has positioned the company to achieve positive net income in the future.

Challenges

The decrease in revenue can be attributed to various factors. Consulting/payroll and other costs amounted to $1.04 million, while rental expense, warehousing, and outlet expense totaled $230,226. Additionally, marketing and brand development costs increased to $517,345, compared to $119,122 in the same period last year. These expenses have impacted the company's profitability.

Noteworthy

It is worth noting that American Rebel Holdings experienced a significant decrease in gross margin, which amounted to $250,134 for the latest quarter, compared to $978,104 in the same period last year. This decline in gross margin further contributed to the overall decrease in revenue.

Summary

American Rebel Holdings reported a decrease in revenue for the latest quarter, primarily due to higher expenses in consulting/payroll, rental, and marketing. However, the company has demonstrated strengths in increasing sales volume and implementing cost-cutting measures. With a focus on best practices, American Rebel Holdings aims to achieve positive net income in the future.

Source documents

Form 10-Q  filed on Nov 14, 2023
55 pages scanned

Reference data

Company financials Q3 revenue 4.8M
Analyst estimates Q3 EPS missed by NaN%
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