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EMERGE Provides Corporate Update, Including Record GMS Growth of 190% in October 2021, Sees Strong Momentum in Q4
EMERGE Provides Corporate Update, Including Record GMS Growth of 190% in October 2021, Se...
About this update from Emerge Commerce Ltd
[{"type":"text","content":"\n \n \n \n EMERGE Provides Corporate Update, Including Record GMS Growth of 190% in October 2021, Sees Strong Momentum in Q4\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Nov. 15, 2021\n \n /CNW/ -\n \n EMERGE Commerce Ltd\n \n . (TSXV: ECOM) (\"EMERGE\" or the \"Company\"), a leading acquirer and operator of niche e-commerce brands, is pleased to provide the following corporate update based on preliminary results:\n \n \n \n EMERGE achieved record Gross Merchandise Sales\n \n (1)\n \n (\"GMS\") of\n \n $5.1 million\n \n (unaudited), a 190% increase compared to\n \n October 2020\n \n \n \n BattlBox Group, EMERGE's largest and most recent acquisition, achieved\n \n $2 million\n \n GMS\n \n (1)\n \n , showing strong Adjusted EBITDA\n \n (1)\n \n during the\n \n October 2021\n \n period\n \n \n Based on results to date and booked offerings for the remainder of the quarter, the Company anticipates Q4 2021 to be its largest GMS\n \n (1)\n \n quarter to date\n \n \n Subscription-based GMS\n \n (1)\n \n comprised over 83% of total GMS in\n \n October 2021\n \n compared to 0% in\n \n October 2020\n \n \n \n EMERGE's fastest growing brand, JustGolfStuff.ca is on track to grow by more than 2x in 2021 compared to 2020\n \n \n \n \"We had a terrific start to the Q4 holiday shopping season with record GMS in October. We are pleased to report that BattlBox had an excellent first month under EMERGE, and bookings from across the portfolio indicate that this will be our strongest quarter ever,\" commented\n \n \n Ghassan Halazon\n \n , the Company's Founder and CEO\n \n .\n \n \n BattlBox Group, EMERGE's largest and most recent acquisition, and a Shopify-powered brand, achieved\n \n $...