Jeffs’ Brands Ltd. (JFBR) has released an update.
Jeffs’ Brands Ltd. has reported a substantial 71% revenue increase in 2023, reaching over $10 million, buoyed by the acquisition of Fort Product Ltd. and an expanded product lineup in the pest control sector. Despite this growth, the company faced an operating loss and has acted to strengthen its financial position, including a successful $7.275 million PIPE transaction in January 2024. The strategic moves aim to consolidate Jeffs’ Brands’ presence in new markets and enhance its e-commerce dominance.
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