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SFLMaven Corp (OTCMKTS:SFLM) Stock Surges 25%: Here is Why

Pete Matthews , , , ,

SFLMaven Corp (OTCMKTS: SFLM) was up 25% after offering performance and operational updates ahead of its strongest seasonally. CEO Joseph Ladin said that the company had witnessed broad-based growth this year in all the core measures it tracks.

Market Action:

On Wednesday, SFLM stock gained 2.55% at $0.0037 with more than 8.33 million shares, compared to its average volume of 12.35 million shares. The stock has moved within a range of $0.0035 – 0.0039 after opening the trade at $0.0037.

Shareholder Update:

Ladin said they deal with a highly seasonal business suggesting that the company is better positioned to go into the holiday shopping period firing all cylinders. Additionally, considering SFLMaven is in the manufacturing business, the company isn’t subject to the supply chain disruptions that have plagued most retailers in 2021. Ladin said that the company is likely to witness a diverted demand boost with primary dealers facing possible inventory shortfalls.

Year to date, the company has seen its revenue grow 33.9% YoY to $7.76 million, with net sales up 33.2% YoY to $6.97 million. Since the start of the year, the company has sold 9,406 products representing a 31.5% YoY increase at an average sales price of $825.35 per item. Ahead of the holiday season, investors should watch SFLM.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.