ToughBuilt Industries, Inc. designs, develops, manufactures, and distributes home improvement and construction products for the building industry in the United States and internationally. It offers tool pouches, tool rigs, tool belts and accessories, tools bags, totes, various storage solutions, and office organizers/bags for laptop/tablet/cellphones, etc.; and kneepads. The company also provides sawhorses, miter saws, table saws, and roller stands; sawhorse/jobsite tables; and gloves. It offers its products under the TOUGHBUILT brand through various home improvement big box stores, professional outlets, and direct marketing to construction companies and trade/wholesale outlets. The company was formerly known as Phalanx, Inc. and changed its name to ToughBuilt Industries, Inc. in December 2015. ToughBuilt Industries, Inc. was incorporated in 2012 and is based in Lake Forest, California.
IPO Year: 2018
Exchange: NASDAQ
Website: toughbuilt.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/19/2021 | $1.50 | Buy | HC Wainwright & Co. |
4 - Toughbuilt Industries, Inc (0001668370) (Issuer)
3 - Toughbuilt Industries, Inc (0001668370) (Issuer)
3 - Toughbuilt Industries, Inc (0001668370) (Issuer)
3 - Toughbuilt Industries, Inc (0001668370) (Issuer)
4 - Toughbuilt Industries, Inc (0001668370) (Issuer)
4 - Toughbuilt Industries, Inc (0001668370) (Issuer)
4 - Toughbuilt Industries, Inc (0001668370) (Issuer)
4 - Toughbuilt Industries, Inc (0001668370) (Issuer)
4 - Toughbuilt Industries, Inc (0001668370) (Issuer)
3 - Toughbuilt Industries, Inc (0001668370) (Issuer)
4 - Toughbuilt Industries, Inc (0001668370) (Issuer)
HC Wainwright & Co. initiated coverage of ToughBuilt Industries with a rating of Buy and set a new price target of $1.50
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SC 13G/A - Toughbuilt Industries, Inc (0001668370) (Subject)
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25-NSE - Toughbuilt Industries, Inc (0001668370) (Subject)
8-K - Toughbuilt Industries, Inc (0001668370) (Filer)
8-K - Toughbuilt Industries, Inc (0001668370) (Filer)
8-K - Toughbuilt Industries, Inc (0001668370) (Filer)
8-K - Toughbuilt Industries, Inc (0001668370) (Filer)
8-K - Toughbuilt Industries, Inc (0001668370) (Filer)
8-K - Toughbuilt Industries, Inc (0001668370) (Filer)
8-K - Toughbuilt Industries, Inc (0001668370) (Filer)
8-K - Toughbuilt Industries, Inc (0001668370) (Filer)
NT 10-Q - Toughbuilt Industries, Inc (0001668370) (Filer)
IRVINE, Calif., July 03, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. (NASDAQ:TBLT) ("ToughBuilt" or the "Company"), today announced its receipt of a Staff Determination letter from the Nasdaq Listing Qualifications department on June 28, 2024. The letter outlines the Staff's determination that the Company's securities are subject to delisting from The Nasdaq Stock Market due to non-compliance with Nasdaq's majority independent board and independent committee requirements, as well as the Company's failure to timely file its Form 10-K for the year ended December 31, 2023, and the Form 10-Q for the period ended March 31, 2024. The Nasdaq Listing Rules upon which the Staff's determin
IRVINE, Calif., May 24, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. (NASDAQ:TBLT) (the "Company") today announced that it has received a written notice (the "Notice") on May 22, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Form 10-Q for the quarter ended March 31, 2024 (the "Form 10-Q") and because the Company remains delinquent in filing its Form 10-K for the year ended December 31, 2023 (the "Form 10-K"), it is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule"), which requires listed companies to timely file all required periodic financial reports with the Securit
IRVINE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Toughbuilt Industries, Inc. (NASDAQ:TBLT), announced that on April 19, 2024, it received a staff determination notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") informing the Company that since the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the "Annual Report"), the Company was no longer in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule"). ToughBuilt has 60 calendar days from April 19, 2024, to submit a plan to Nasdaq outlining the Company's anticipated steps to regain compliance with the Listing Rule. The Company plans
ToughBuilt Industries Inc. successfully obtained a letter of credit from King Trade Capital ("KTC"), a provider of more than $2.5 billion in capital to over 400 public and private companies worldwide. Credit line expected to empower ToughBuilt Industries Inc. to strengthen purchasing power by a minimum of $30 million annually. IRVINE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or the "Company") (NASDAQ:TBLT) today announced its strategic alliance with King Trade Capital ("KTC"), securing a line of credit expected to significantly enhance the Company's procurement, direct import, and order fulfillment capabilities. The Company beli
IRVINE, Calif., Feb. 16, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or the "Company") (NASDAQ:TBLT, TBLTW))), today announced the closing of its previously announced public offering of 772,628 shares of its common stock (or pre-funded warrants in lieu thereof), together with warrants to purchase up to 772,628 shares of its common stock at an offering price to the public of $4.53 per share (or pre-funded warrant) and associated warrant. The warrants have an exercise price of $4.405 per share, be exercisable upon issuance, and will expire five years following the date of issuance. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. The gro
IRVINE, Calif., Feb. 14, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or the "Company") (NASDAQ:TBLT, TBLTW))), today announced the pricing of a public offering of 772,628 shares of its common stock (or pre-funded warrants in lieu thereof), together with warrants to purchase up to 772,628 shares of its common stock at an offering price to the public of $4.53 per share (or pre-funded warrant) and associated warrant. The warrants will have an exercise price of $4.405 per share, be exercisable upon issuance, and will expire five years following the date of issuance. The closing of the offering is expected to occur on or about February 16, 2024, subject to the satisfactio
The Company anticipates achieving positive operating cash flow by Q3 2024.Contributing factors include: Launching multiple products in revenue generating categories.Streamlining operations, improving cost-savings, and exercising cutbacks.Increasing prices, where necessary. IRVINE, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or the "Company") (NASDAQ:TBLT), announced today its goal of achieving positive operating cash flow by the third quarter of fiscal 2024. The Company intends to focus on generating revenue through the sales of newly launched products in various categories, implementing cost-saving measures, and considering price adjustments where
In January ToughBuilt announced an additional 16 SKUs would become available for the StackTech® Mobile Storage Ecosystem.ToughBuilt entered the Stacking Tool Storage and Toolbox market for the first-time beginning October 19, 2023, disrupting industry competitors and generating millions of online impressions. StackTech™ is the world's first auto-locking stacking storage solution with 14 unique features. The Toolbox category is projected to expand at a CAGR of 8.3% from 2022 to 2032, with an expected market share of USD 6.8 Billion by 2032. IRVINE, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or the Company") (NASDAQ:TBLT, TBLTW))), announced
IRVINE, Calif., Dec. 26, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. (NASDAQ:TBLT) ("ToughBuilt" or the "Company"), today announced that it intends to effect a reverse stock split of its common stock at a ratio of 1 post-split share for every 65 pre-split shares. The reverse stock split will become effective at 4:30 p.m., New York time, on January 1, 2024. ToughBuilt's common stock will continue to be traded on the Nasdaq Capital Market under the symbol "TBLT" and will begin trading on a split-adjusted basis when the market opens on January 2, 2024. The new CUSIP number for the common stock following the reverse stock split will be 89157G 86 8. At the Company's annual stockholder
Revenue increased 9% quarter-over-quarter to $20.6 million Operating expenses decreased 11% year-over-year to $15.4 million, over $2 million saved. IRVINE, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or "the Company") (NASDAQ:TBLT, TBLTW))), today reported the Company's financial results for the fiscal quarter ended September 30, 2023. The Company will host its Q3 2023 earnings conference call today at 5:00 p.m. (ET). Financial Highlights for the Quarter Ended September 30, 2023, include: Revenues decreased by approximately 32% to $20.6 million for Q3 2023, compared to $30.2 million in Q3 2022. This decrease was primarily due to a decreased deman
Gainers JX Luxventure (NASDAQ:JXJT) shares increased by 13.3% to $1.7 during Thursday's regular session. The market value of their outstanding shares is at $10.3 million. Koss (NASDAQ:KOSS) shares increased by 9.59% to $11.65. The company's market cap stands at $107.8 million. Greenlane Hldgs (NASDAQ:GNLN) stock rose 7.27% to $0.29. The company's market cap stands at $1.1 million. Kirkland's (NASDAQ:KIRK) shares rose 4.99% to $1.68. The market value of their outstanding shares is at $21.9 million. Rent the Runway (NASDAQ:RENT) stock increased by 4.95% to $15.46. The company's market cap stands at $57.5 million. Losers ToughBuilt Industries (NASDAQ:TBLT) stock fell 10.8% to $4.47 duri
Shares of Jabil Inc. (NYSE:JBL) fell sharply during Thursday's session following third-quarter results. Jabil reported third-quarter fiscal 2024 revenue of $6.77 billion, down by 20.2% year-on-year, beating the analyst consensus estimate of $6.53 billion. The print manufacturing company's adjusted EPS of $1.89 beat the analyst consensus of $1.85, according to data from Benzinga Pro. Jabil said it expects fourth-quarter revenue of $6.3 billion – $6.9 billion (consensus: $6.8 billion) and adjusted EPS to $2.03 – $2.43 (consensus: $2.22). Jabil shares dipped 7.8% to $116.37 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers MGO Global, Inc. (NA
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Gainers Chegg (NYSE:CHGG) stock increased by 19.9% to $3.13 during Tuesday's pre-market session. The market value of their outstanding shares is at $319.9 million. Volcon (NASDAQ:VLCN) shares rose 14.43% to $4.2. The market value of their outstanding shares is at $1.2 million. Boqii Holding (AMEX:BQ) shares increased by 12.04% to $0.55. The company's market cap stands at $2.5 million. Lottery.com (NASDAQ:LTRY) shares increased by 10.72% to $1.65. The market value of their outstanding shares is at $7.8 million. La-Z-Boy (NYSE:LZB) stock increased by 9.85% to $37.45. The company's market cap stands at $1.5 billion. As per the news, the Q4 earnings report came out yesterday. ToughBuilt In
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Gainers Faraday Future (NASDAQ:FFIE) stock increased by 93.0% to $0.55 during Wednesday's regular session. The market value of their outstanding shares is at $23.4 million. Selina Hospitality (NASDAQ:SLNA) shares increased by 57.14% to $0.09. The company's market cap stands at $47.8 million. Jeffs Brands (NASDAQ:JFBR) shares rose 19.68% to $0.27. The market value of their outstanding shares is at $1.6 million. Petco Health and Wellness (NASDAQ:WOOF) stock rose 17.64% to $2.4. The market value of their outstanding shares is at $646.9 million. Linkage Global (NASDAQ:LGCB) stock increased by 15.25% to $3.4. The company's market cap stands at $73.1 million. ToughBuilt Industries (NASDAQ:TB
Revenue increased 9% quarter-over-quarter to $20.6 million Operating expenses decreased 11% year-over-year to $15.4 million, over $2 million saved. IRVINE, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or "the Company") (NASDAQ:TBLT, TBLTW))), today reported the Company's financial results for the fiscal quarter ended September 30, 2023. The Company will host its Q3 2023 earnings conference call today at 5:00 p.m. (ET). Financial Highlights for the Quarter Ended September 30, 2023, include: Revenues decreased by approximately 32% to $20.6 million for Q3 2023, compared to $30.2 million in Q3 2022. This decrease was primarily due to a decreased deman
LAKE FOREST, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ:TBLT, TBLTW))), today reports that it will hold an earnings call to discuss the Company's 2023 first quarter financial and operating results on Tuesday, November 14, 2023 at 5:00pm ET. Michael Panosian, Chief Executive Officer, and Martin Galstyan, Chief Financial Officer, will host the conference call to review the Company's financial and operating results. To attend the conference call, please dial one of the teleconference numbers below or follow the live audio webcast here. Attendees are encouraged to dial in to the conference call at least five minutes prior
IRVINE, Calif., Sept. 21, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries Inc. (NASDAQ:TBLT, TBLTW))) ("ToughBuilt" or the "Company") today announced that its Board of Directors declared a dividend of one one-thousandth of a share of newly-designated Series H Preferred Stock, par value $0.0001 per share, for each outstanding share of ToughBuilt common stock held of record as of 5:00 p.m. Eastern Time on October 2, 2023. The shares of Series H Preferred Stock will be distributed to such recipients at 5:00 p.m. Eastern Time on October 17, 2023. The outstanding shares of Series H Preferred Stock will vote together with the outstanding shares of the Company's common stock, as a single class, ex
LAKE FOREST, Calif., Aug. 17, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ:TBLT, TBLTW))), today reports that it will hold an earnings call to discuss the Company's 2023 Second quarter financial and operating results on Tuesday August 22, 2023 at 5:00pm ET. Michael Panosian, Chief Executive Officer, and Martin Galstyan, Chief Financial Officer, will host the conference call to review the Company's financial and operating results. To attend the conference call, please dial one of the teleconference numbers below or follow the audio webcast here. Attendees are encouraged to dial in to the conference call at least five minutes prior to the start time. U
Revenue increased 17% year-over-year to $20.2 million.Gross profit increased 18% year-over-year to $3.6 million.Net loss improved 31%, from $12.1 in Q1 2022 to $8.3 million in Q1 2023 for common shareholders. IRVINE, Calif., May 22, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ:TBLT, TBLTW))), reported today their financial results for the first fiscal quarter of the year, ended March 31, 2023. Financial Highlights for the Quarter Ended March 31, 2023: Revenues increase approximately 17% from 17.2 million for Q1 2022 to approximately $20.2 million for Q1 2023. This increase in revenue was due primarily to increased marketplace penetration of ToughBuilt prod
IRVINE, Calif., May 17, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or the "Company") (NASDAQ:TBLT, TBLTW))), reports today that it will broadcast a pre-recorded earnings call which discusses the Company's 2023 first quarter financial and operating results on Monday, May 22, 2023, at 5:00pm ET. Michael Panosian, Chief Executive Officer, and Martin Galstyan, Chief Financial Officer, participated in the pre-recorded earnings call, in which they discussed the Company's financial and operating results. To attend the conference call, please dial one of the teleconference numbers below or follow the audio webcast here. Attendees are encouraged to dial in to the conferenc
Record fourth quarter year revenue of $29.6 million, with 20% year-over-year growthRecord full year revenue of $94.9 million with 36% year-over-year growth LAKE FOREST, Calif., March 15, 2023 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by ToughBuilt Industries, Inc. (NASDAQ:TBLT, TBLTW))), please note that in the second bullet under the header "Twelve Months Ended December 31, 2022 Financial Highlights" the percentages should be 23% for 2022 followed by 27% for 2021 rather than 27.2% and 23%. The corrected release follows: ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ:TBLT, TBLTW))), today reported financial results for the fourth quarter an
Record fourth quarter revenue of $29.6 million, with 20% year-over-year growthRecord full year revenue of $94.9 million with 36% year-over-year growth LAKE FOREST, Calif., March 15, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ:TBLT, TBLTW))), today reported financial results for the fourth quarter and full year ended December 31, 2022. Twelve Months Ended December 31, 2022 Financial Highlights: Revenues for the twelve months ended December 31, 2022, were approximately $94.9 million, an increase of 36% compared to 2021. The increase in revenue was primarily the result of wide acceptance of ToughBuilt products, and a combination of onboarding new retail cust
LAKE FOREST, Calif., March 03, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ:TBLT, TBLTW))), today reports that it will hold an earnings call to discuss the Company's 2022 fourth quarter and year-end financial and operating results on Wednesday, March 15, 2023 at 5:00pm ET. Michael Panosian, Chief Executive Officer, and Martin Galstyan, Chief Financial Officer, will host the conference call to review the Company's financial and operating results. To attend the conference call, please dial one of the teleconference numbers below or follow the live audio webcast here. Attendees are encouraged to dial in to the conference call at least five minutes prior to the
IRVINE, Calif., Nov. 14, 2022 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ:TBLT, TBLTW))), today reported financial results for the second quarter ended September 30, 2022. The Company will discuss the results, and provide a business update, during the Company's earnings conference call scheduled for 5:00 p.m. (ET) today. Third Quarter 2022 and Subsequent Financial Highlights: Revenues for the three months ended September 30, 2022 were approximately $30.2 million, an increase of 76% compared to the same period in 2021. The growth in revenue was primarily due to the expansion of existing customers and their recurring orders, adding new customers globa