NASDAQ:TBLT

Buying Penny Stocks Today? Here’s What You Need to Know

While penny stocks and blue chips have been highly volatile in the past few weeks, we are seeing some bullish sentiment in the last week or so. Now, this bullish sentiment for penny stocks is flanked by days of major volatility and market upsets. As a result, there is a sizable amount of volatility in the stock market right now. So to understand this further, let’s take a look at what you need to know about trading penny stocks today.

What to Know About Trading Penny Stocks Today

On February 17th, U.S. stock futures dropped during premarket trading. This is the result of two factors playing out simultaneously. On one hand, we have the Federal Reserve which plans to tighten its monetary policy and increase interest rates very shortly. And on the other hand, we have geopolitical tensions occurring with Russia and Ukraine, which have led to major market upsets in the past few trading days.

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In addition to these, we are also seeing financial results from major corporations come in with less than stellar numbers. And, we also expect to see weekly unemployment numbers hit the market, which could have an impact.

So, as you can see there is a lot that is occurring simultaneously in the stock market right now. But with investors hopeful about the future of penny stocks, there is also a lot to look forward to. Considering this, let’s take a look at three penny stocks that are climbing during premarket right now.

3 Penny Stocks Climbing During Premarket Right Now

1. Marin Software Inc. ( NASDAQ: MRIN)
2. MDJM Ltd. ( NASDAQ: MDJH)
3. Toughbuilt Industries Inc. ( NASDAQ: TBLT)

Marin Software Inc. (NASDAQ: MRIN)

One of the largest premarket gainers today is MRIN stock. By early morning, shares of MRIN had shot up by over 20%, bringing MRIN stock to over $3.97 per share. This is a major gain and reflects two announcements from the company. On one hand, it announced that it will be releasing its quarterly earnings on February 24th.

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And the big news comes as the company announces on February 16th, a new TikTok integration for businesses. On its flagship program known as MarinOne, the company will allow its customers to integrate TikTok’s ad manager. This is a major announcement as TikTok has become a hub for advertising in the past year or so. With this in mind, will MRIN be on your list of penny stocks to watch?

MDJM Ltd. (NASDAQ: MDJH)

Another big gainer of the day so far is MDJH stock. By early morning, shares of MDJH stock had shot up by over 9.75% with a five day gain of over 23%. This indicated sizable bullish sentiment especially considering its one month gain of 43%. While it’s tough to say why shares of MDJH stock are climbing right now, there are a few reasons we can look at.

For context, MDJM Ltd. is a real estate company based in China. The main reason for its recent gains however come as the company is subject to large price swings from social media. While it is tough to say that this is the cause right now, it is likely given that there is no news from the company. With that considered, will MDJH be on your penny stocks watchlist?

Toughbuilt Industries Inc. (NASDAQ: TBLT)

With a 6% gain during premarket today, TBLT is another penny stock that investors are watching right now. While many penny stocks climb without news, Toughbuilt made an exciting announcement during trading a few days ago. On February 15th, it announced that it would be engaging in a $5 million registered direct offering.

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It states that these funds will be used for working capital purposes, especially as demand for its products continues to rise. While this was announced a few days ago to the dismay of investors, a 42% five day drop is likely responsible for today’s bullish turnaround. So whether this makes TBLT stock worth buying or not is up to you.

Are Penny Stocks Worth Buying Today?

With so many penny stocks to choose from right now, it can be challenging to find the best ones for your watchlist. However, because there is such a wide variety of penny stocks out there, making a list of small-caps that fit your investing profile is paramount to profiting. Considering all of this, do you think that penny stocks are worth buying today?

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LAKE FOREST, Calif., Feb. 15, 2022 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt” or the “Company”) (NASDAQ: TBLT; TBLTW), today announced that it has closed its previously announced registered direct offering with certain institutional investors for the issuance and sale of an aggregate of 2,500 shares of Series F Convertible Preferred Stock and 2,500 shares of Series G Convertible Preferred Stock for gross proceeds of $5 million, before deducting placement agent fees and other offering expenses. The shares of Series F Convertible Preferred Stock have a stated value of $1,000 per share and are convertible into an aggregate of 12,500,000 shares of common stock at a conversion price of $0.20 per share. The shares of Series G Convertible Preferred Stock have a stated value of $1,000 per share and are convertible into an aggregate of 12,500,000 shares of common stock at a conversion price of $0.20 per share.

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

ToughBuilt currently intends to use the net proceeds from the offering for working capital purposes.

The Company also issued such investors unregistered warrants to purchase up to an aggregate of 18,750,000 shares of our common stock, at an exercise price of $0.251 per share, which are exercisable on the later of (i) the date of shareholder approval to increase the authorized shares of common stock or effect a reverse stock split of the common stock and (ii) six months following the date of issuance, and will expire five years from the initial exercise date.

The Series F and Series G Preferred Stock described above and the underlying shares of Common Stock were offered pursuant to a “shelf” registration statement on Form S-3 (Registration No. 333-252630) (the “Registration Statement”), which was declared effective by the Securities and Exchange Commission (the “SEC”) on February 8, 2021. The prospectus supplement to the prospectus contained in the Registration Statement relating to the offering was filed with the SEC. Electronic copies of the prospectus supplement and the accompanying prospectus relating to the offering may be obtained from H.C. Wainwright & Co., LLC, 430 Park Avenue 3rd Floor, New York, New York 10022, or by calling (212) 856-5711 or by emailing [email protected] or at the SEC’s website at http://www.sec.gov.

About ToughBuilt Industries, Inc.

ToughBuilt is an advanced product design, manufacturer and distributor with emphasis on innovative products. Currently focused on tools and other accessories for the professional and do-it-yourself construction industries. We market and distribute various home improvement and construction product lines for both the do-it-yourself and professional markets under the TOUGHBUILT brand name, within the global multibillion dollar per year tool market industry. All of our products are designed by our in-house design team. Since launching product sales in 2013, we have experienced significant annual sales growth. Our current product line includes three major categories, with several additional categories in various stages of development, consisting of Soft Goods & Kneepads and Sawhorses & Work Products. Our mission is to provide products to the building and home improvement communities that are innovative, of superior quality derived in part from enlightened creativity for our end users while enhancing performance, improving well-being and building high brand loyalty. Additional information about the Company is available at: https://www.toughbuilt.com/.

Forward Looking Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements, and include, without limitation, the intended use of net proceeds from the registered direct offering. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) market acceptance of our existing and new products, (ii) delays in bringing products to key markets, (iii) an inability to secure regulatory approvals for the ability to sell our products in certain markets, (iv) intense competition in the industry from much larger, multinational companies, (v) product liability claims, (vi) product malfunctions, (vii) our limited manufacturing capabilities and reliance on subcontractors for assistance, (viii) our efforts to successfully obtain and maintain intellectual property protection covering our products, which may not be successful, (ix) our reliance on single suppliers for certain product components, (x) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain, (xi) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction, (xii) market and other conditions. More detailed information about the Company and the risk factors that may affect the realization of forward looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10 K and its Quarterly Reports on Form 10 Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contact:

KCSA Strategic Communications
David Hanover
[email protected]

ToughBuilt Industries (TBLT -9.2%) enters into a securities purchase agreement with certain institutional investors for the issuance and sale of 2,500 shares of Series F convertible preferred stock and 2,500 shares of Series G convertible preferred stock in a registered direct offering. Offering is expected to occur on or about February 16, 2022. Net proceeds from the offering for working capital purposes.

For further details see:

ToughBuilt Industries announces $5M direct offering

• ToughBuilt has grown revenues at an explosive pace at the expense of soaring costs.
• ToughBuilt’s brand power and customer network are strong which paints a bright future for the business.
• Management has opted not to focus on getting a control on costs, draining shareholder value.
• Impending share split makes risk of further free fall very real.
• Even for a risk-prone investor like myself, ToughBuilt appears too risky for me at this point in time.

For further details see:

ToughBuilt: Poor Expense Management Has Turned A Great Business Into A Poor Stock

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For further details see:

Notable earnings after Thursday’s close

LAKE FOREST, Calif., Jan. 10, 2022 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW), announced today that gross sales through Amazon.com increased by 68.5% to approximately $11.9 million for the fiscal year ended December 31, 2021, compared to approximately $7.1 million for 2020.

Michael Panosian, Chief Executive Officer of ToughBuilt, commented, “We closed 2021 with significant e-commerce demand driven by our sawhorses, knee pads, and bags. Amazon continues to positively contribute to ToughBuilt’s overall revenue growth and strengthen our brand among global end users. Currently, only our legacy products are available on Amazon, which have generated outstanding reviews to-date. We believe that as more new products become available on Amazon, we will see increased online demand.”

ABOUT TOUGHBUILT INDUSTRIES, INC.
ToughBuilt is an advanced product design, manufacturer and distributor with emphasis on innovative products. Currently, we are focused on tools and other accessories for the professional and do-it-yourself construction industries. We market and distribute various home improvement and construction product lines for both the do-it-yourself and professional markets under the TOUGHBUILT brand name, within the global multibillion dollar per year tool market industry. All of our products are designed by our in-house design team. Since launching product sales in 2013, we have experienced significant annual sales growth. Our current product line includes three major categories, with several additional categories in various stages of development, consisting of Soft Goods & Kneepads and Sawhorses & Work Products. Our mission is to provide products to the building and home improvement communities that are innovative, of superior quality derived in part from enlightened creativity for our end users while enhancing performance, improving well-being and building high brand loyalty. Additional information about the Company is available at: https://www.toughbuilt.com/.

FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the impact of the worldwide COVID-19 pandemic and government actions, on our business, (ii) supply chain disruptions, (iii) market acceptance of our existing and new products, (iv) delays in bringing products to key markets, (v) an inability to secure regulatory approvals for the ability to sell our products in certain markets, (vi) intense competition in the industry from much larger, multinational companies, (v) product liability claims, (vii) product malfunctions, (viii) our limited manufacturing capabilities and reliance on subcontractors for assistance, (ix) our efforts to successfully obtain and maintain intellectual property protection covering our products, which may not be successful, (x) our reliance on single suppliers for certain product components, (xi) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain and (xii) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction. More detailed information about the Company and the risk factors that may affect the realization of forward looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Investor Relations Contact:
KCSA Strategic Communications
David Hanover
[email protected]

Source: ToughBuilt Industries, Inc

ToughBuilt Industries (NASDAQ:TBLT) has launched a new product line, the ToughBuilt Workbench, which is now available for purchase across its strategic global partners and buying groups servicing over 14,400 stores globally. ToughBuilt’s CEO, Michael Panosian, commented on the new product line, “The launch of our new workbench brings our number of global product lines to 11, which is the result of our team’s commitment to execution. We expect that the products launched over the last several months will significantly contribute to our continued growth into 2022.” Shares are up 0.53% PM.For further details see: ToughBuilt launches ToughBuilt Workbench line

For further details see: Statement of changes in beneficial ownership of securities – Form 4

Presentation Times Released for 75+ Presenting Companies Wednesday and Thursday, December 8-9, 2021 NEW YORK, NY / ACCESSWIRE / December 7, 2021 /Sidoti & Company, LLC has released the presentation schedule and weblinks for its two-day December Micro Cap Virtual Conference taking place Wednesday and Thursday, December 8 – 9, 2021. The links can also be found at www.sidoticonference.com/events.

Group Presentation Schedule (click on co. names below to register & watch)
Wednesday, December 8th, 2021 (Day 1)
*All Times EST
8:30-9:00	u-blox Holding AG (UBXN)	****	EQONEX (EQOS)	Slinger (SLBG)
9:15-9:45	Rekor Systems, Inc. (REKR)	Culp, Inc. (CULP)	Transcat, Inc. (TRNS)	Mistras Group (MG)
10:00-10:30	Amesite Inc. (AMST)	Thunderbird Entertainment (THBRF)	VolitionRx Limited (VNRX)	Charles & Colvard (CTHR)
10:45-11:15	Moving image Technologies (MiT) (MITQ)	CTG (CTG)	Carriage Services, Inc. (CSV)	Alico (ALCO)
11:30-12:00	Foresight Autonomous (FRSX)	Trecora Resources (TREC)	Williams Industrial Services Group (WLMS)	Blue Star (BSFC)
12:15-12:45	Richardson Electronics (RELL)	The Eastern Company (EML)	Assertio Holdings, Inc. (ASRT)	Luvu Brands, Inc. (LUVU)
1:00-1:30	HIRE Technologies Inc. (HIRE)	Ideal Power (IPWR)	Medexus Pharmaceuticals (MDP)	Silvercrest Asset Management Group Inc. (SAMG)
1:45-2:15	Sono-Tek Corp (SOTK)	Acme United Corporation (ACU)	Assure (IONM)	ShiftPixy (PIXY)
2:30-3:00	CVG (CVGI)	iSUN (ISUN)	Electromed, Inc. (ELMD)	Nature’s Sunshine Products, Inc (NATR)
3:15-3:45	Matrix Service Company (MTRX)	Aqua Metals (AQMS)	Neovasc Inc (NVCN)	Tivic Health Systems, Inc. (TIVC)
4:00-4:30	Verb Technology Company, Inc. (VERB)	NXT Energy Solutions Inc. (NSFDF)	Motus GI Holdings (MOTS)	LiveOne, Inc. (LVO)
1x1s Only – No Presentation
Thursday, December 9th, 2021 (Day 2)
*All Times EST
8:30-9:00	Foraco International (FAR)	Boat Rocker Media Inc. (BRMI)	DLH Holdings Corp. (DLHC)	Kelly Services, Inc. (KELYA)
9:15-9:45	Paltalk (PALT)	Tesco (TESS)	MEDNOW (MNOW)	****
10:00-10:30	DHI Group, Inc. (DHX)	LSB Industries, Inc. (LXU)	BrainsWay (BWAY)	AstroNova, Inc. (ALOT)
10:45-11:15	Nanalysis Scientific Corp (NSCI)	ORION Group Holdings, Inc (ORN)	GEE GROUP (JOB)	Townsquare Media Inc (TSQ)
11:30-12:00	****	Ur-Energy Inc. (URG)	****	Real Luck Group (LUCK)
12:15-12:45	Powell Industries, Inc. (POWL)	Daktronics (DAKT)	Healthcare Triangle (HCTI)	****
1:00-1:30	Vision Marine Technologies (VMAR)	Superior Drilling Products, Inc (SDPI)	POET Technologies, Inc. (POETF)	The Arena Group (MVEN)
1:45-2:15	Tantalus Systems (GRID)	****	PetMed Express, Inc. (PETS)	****
2:30-3:00	WidePoint Corporation (WYY)	LEAF Mobile Inc. (LEAF)	ToughBuilt Industries, Inc. (TBLT)	Financial Institutions, Inc. (FISI)
1x1s Only – No Presentation		Heritage Insurance Holdings, Inc (HRTG)	FTI Consulting, Inc. (FCN)

About Sidoti For over two decades, Sidoti has been a premier provider of independent securities research focused specifically on small cap and micro cap companies and the institutions that invest their securities, with most of our coverage in the $50 million to $3 billion market cap range. Our approach affords companies and institutional clients a combination of high-quality research, a small cap and micro cap focused nationwide sales effort, and broad access to corporate management teams. We serve 500+ institutional clients in the U.S. and Canada, including many leading managers with portfolios with $200 million to $2 billion of AUM. Sidoti promotes meaningful interaction between issuers and investors in the small cap and micro cap space through a series of investor conferences (www.sidoti.com/events) we host each year. Contact Sidoti Events Team 212-453-7031 [email protected] SOURCE: Sidoti & Company, LLC View source version on accesswire.com: https://www.accesswire.com/676303/Sidoti-December-Micro-Cap-Virtual-Conference

LAKE FOREST, Calif., Dec. 06, 2021 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW), today announced that Michael Panosian, Chief Executive Officer, will present live at the Sidoti Virtual Micro Cap Conference on Thursday, December 9, 2021 at 2:30pm ET. The conference is being held virtually on December 8-9, 2021.

Management’s presentation will be webcast live and available to access within the investor relations section of ToughBuilt’s website at https://ir.toughbuilt.com/. A replay of the presentation will be available for 90 days.

Mr. Panosian will be available for virtual one-on-one investor meetings during the conference. To schedule a meeting, please contact a Sidoti representative.

ABOUT TOUGHBUILT INDUSTRIES, INC.

ToughBuilt is an advanced product design, manufacturer and distributor with emphasis on innovative products. Currently, we are focused on tools and other accessories for the professional and do-it-yourself construction industries. We market and distribute various home improvement and construction product lines for both the do-it-yourself and professional markets under the TOUGHBUILT brand name, within the global multibillion dollar per year tool market industry. All of our products are designed by our in-house design team. Since launching product sales in 2013, we have experienced significant annual sales growth. Our current product line includes three major categories, with several additional categories in various stages of development, consisting of Soft Goods & Kneepads and Sawhorses & Work Products. Our mission is to provide products to the building and home improvement communities that are innovative, of superior quality derived in part from enlightened creativity for our end users while enhancing performance, improving well-being and building high brand loyalty. Additional information about the Company is available at: https://www.toughbuilt.com/.

Investor Relations Contact:
KCSA Strategic Communications
David Hanover
[email protected]

Source: ToughBuilt Industries, Inc

ToughBuilt’s new lasers and levels are available to its global partners servicing 14,400 stores

Company’s technology-enabled laser represents first product to be connected to its mobile app, ToughBuilt Connect

LAKE FOREST, Calif., Nov. 30, 2021 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW), announced today that it has launched two new product lines, ToughBuilt lasers and levels, which are available across its global partners and buying groups servicing 14,400 stores globally. The Company’s patented lasers are fully integrated with its mobile application, ToughBuilt Connect, which allows professional and DIY builders to quickly measure rooms, seamlessly upload information to a smartphone, and create shareable information with the touch of a button.

Michael Panosian, ToughBuilt’s CEO, commented, “We are extremely excited with the launch of our first technology-enabled tool, which is integrated with our mobile app. This was the result of years of research and development and marks the first of many planned new ToughBuilt tools intended to disrupt the home improvement market. To date, we have seen tremendous traction in our product launches, and are confident that these new launches will continue to surpass our customers’ expectations.”

ToughBuilt has initially introduced five unique stock keeping units (“SKUs”) for its line of levels and three SKUs for its line of lasers. The Company has made these lines available for purchase to global partners and expects an e-commerce launch in 2022.

ToughBuilt’s mobile app, ToughBuilt Connect, is available for download in the App Store or Google Play for free.

ABOUT TOUGHBUILT INDUSTRIES, INC.
ToughBuilt is an advanced product design, manufacturer and distributor with emphasis on innovative products. Currently, we are focused on tools and other accessories for the professional and do-it-yourself construction industries. We market and distribute various home improvement and construction product lines for both the do-it-yourself and professional markets under the TOUGHBUILT brand name, within the global multibillion dollar per year tool market industry. All of our products are designed by our in-house design team. Since launching product sales in 2013, we have experienced significant annual sales growth. Our current product line includes three major categories, with several additional categories in various stages of development, consisting of Soft Goods & Kneepads and Sawhorses & Work Products. Our mission is to provide products to the building and home improvement communities that are innovative, of superior quality derived in part from enlightened creativity for our end users while enhancing performance, improving well-being and building high brand loyalty. Additional information about the Company is available at: https://www.toughbuilt.com/.

FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the impact of the worldwide COVID-19 pandemic and government actions, on our business, (ii) supply chain disruptions, (iii) market acceptance of our existing and new products, (iv) delays in bringing products to key markets, (v) an inability to secure regulatory approvals for the ability to sell our products in certain markets, (vi) intense competition in the industry from much larger, multinational companies, (v) product liability claims, (vii) product malfunctions, (viii) our limited manufacturing capabilities and reliance on subcontractors for assistance, (ix) our efforts to successfully obtain and maintain intellectual property protection covering our products, which may not be successful, (x) our reliance on single suppliers for certain product components, (xi) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain and (xii) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction. More detailed information about the Company and the risk factors that may affect the realization of forward looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Investor Relations Contact:
KCSA Strategic Communications
David Hanover
[email protected]

Source: ToughBuilt Industries, Inc

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/42d9bff1-5774-4d41-944b-4a4693cc63e5

https://www.globenewswire.com/NewsRoom/AttachmentNg/eef8d88c-3469-455a-8045-4742ed19790c

For further details see: Current report pursuant to Section 13 or 15(d) – Form 8-K

For further details see: Notification of inability to timely file Form 10-Q or 10-QSB – Form NT 10-Q

Toughbuilt Industries, Inc. (TBLT) Q3 2021 Earnings Conference Call November 15, 2021, 17:00 ET Company Participants Martin Galstyan – Acting CFO Michael Panosian – Co-Founder, Chairman, President & CEO Conference Call Participants Presentation Operator Thank you for standing by. This is the conference operator. Welcome to ToughBuilt Industries Third Quarter 2021 Earnings Conference Call. [Operator Instructions]. I would now like to turn the conference over to Martin Galstyan, CFO. Please go ahead. Martin Galstyan Good afternoon, and thank you all for joining us on our quarterly call to discuss ToughBuilt’s Third Quarter 2021 Financial and Operating Results. As the operator mentioned, my name is Martin Galstyan, and I am the Chief Financial Officer of ToughBuilt. Joining me on today’s call is Michael Panosian, President and Chief Executive Officer of ToughBuilt. Michael will begin our discussion with operational and financial highlights from the third quarter and our outlook for the year.

For further details see:

Toughbuilt Industries, Inc. (TBLT) CEO Michael Panosian on Q3 2021 Results – Earnings Call Transcript

LAKE FOREST, Calif., Nov. 15, 2021 (GLOBE NEWSWIRE) — We are advised by ToughBuilt Industries that journalists and other readers should disregard the news release, “ToughBuilt Industries, Inc. Granted 180-Day Extension to Meet Nasdaq Minimum Bid Requirement” issued November 15, 2021, over GlobeNewswire.

ToughBuilt Industries (NASDAQ:TBLT): Q3 GAAP EPS of -$0.09 misses by $0.04. Revenue of $17.2M (+3.2% Y/Y) beats by $2.1M. Shares -1%. Press Release

For further details see:

ToughBuilt Industries EPS misses by $0.04, beats on revenue

LAKE FOREST, Calif., Nov. 02, 2021 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW), announced today that it will release its financial results for the third quarter of 2021 after the NASDAQ market closes on Monday, November 15, 2021.

Michael Panosian, Chief Executive Officer, and Martin Galstyan, Chief Financial Officer, will host a conference call to review the Company’s financial and operating results at 5:00pm ET on the same day.

To attend the conference call, please dial one of the teleconference numbers below or follow the live audio webcast here: Q3 Earnings Call. Attendees are encouraged to dial in to the conference call at least five minutes prior to the start time.

U.S. TOLL-FREE : 1-855-327-6838
INTERNATIONAL : 1-604-235-2082

To listen to a replay of the conference call, please dial one of the teleconference numbers below. The replay will also be available through the audio webcast link here: Q3 Earnings Call.

REPLAY U.S. TOLL-FREE : 1-844-512-2921
REPLAY INTERNATIONAL : 1-412-317-6671
REPLAY PIN : 10017218

ABOUT TOUGHBUILT INDUSTRIES, INC.
ToughBuilt is an advanced product design, manufacturer and distributor with emphasis on innovative products. Currently focused on tools and other accessories for the professional and do-it-yourself construction industries. We market and distribute various home improvement and construction product lines for both the do-it-yourself and professional markets under the TOUGHBUILT brand name, within the global multibillion dollar per year tool market industry. All of our products are designed by our in-house design team. Since launching product sales in 2013, we have experienced significant annual sales growth. Our current product line includes three major categories, with several additional categories in various stages of development, consisting of Soft Goods & Kneepads and Sawhorses & Work Products. Our mission is to provide products to the building and home improvement communities that are innovative, of superior quality derived in part from enlightened creativity for our end users while enhancing performance, improving well-being and building high brand loyalty. Additional information about the Company is available at: https://www.toughbuilt.com/.

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the impact of the worldwide COVID-19 pandemic and government actions, on our business, (ii) supply chain disruptions, (iii) market acceptance of our existing and new products, (iv) delays in bringing products to key markets; (v) an inability to secure regulatory approvals for the ability to sell our products in certain markets, (vi) intense competition in our industry from much larger, multinational companies, (vii) product liability claims, (viii) product malfunctions, (ix) our limited manufacturing capabilities and reliance on subcontractors for assistance, (x) our efforts to successfully obtain and maintain intellectual property protection covering our products or defend ourselves from third parties’ infringement claims, (xi) our reliance on a single supplier for certain product components, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain and (xiii) the fact that we conduct business in multiple foreign jurisdictions, exposing us to tariffs, foreign currency exchange rate fluctuations, logistical and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction and (xiv) changes in e-commerce marketplaces. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K and our subsequent Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company encourages you to consider all of these risks, uncertainties and other factors carefully in evaluating the forward-looking statements contained in this press release. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.

Investor Relations Contact:
KCSA Strategic Communications
David Hanover
[email protected]

Source: ToughBuilt Industries, Inc.