Business
Samsara Luggage Reports Strong Financial Results for its Second Quarter
Samsara Luggage Reports Strong Financial Results for its Second Quarter.
About this update from Samsara Luggage, Inc.
[{"type":"text","content":"\n\n\n\nSamsara Luggage Reports Strong Financial Results for its Second Quarter\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\n\n\n\n\n\nSamsara Luggage Reports Strong Financial Results for its Second Quarter\nSamsara Luggage's Q2 revenue grew by 200% with an increase in new cluster sales from its newest vertical, Sarah & Sam\nPR Newswire\nNEW YORK, Aug. 17, 2021\n\n\n\nNEW YORK, Aug. 17, 2021 /PRNewswire/ -- Samsara Luggage (\"Samsara Luggage\" or the \"Company\") (OTC: SAML), maker of innovative travel products, announced today strong financial results for its fiscal second quarter ended June 30, 2021 (\"Q2 2021). Samsara Luggage reported a 200% revenue increase in Q2 2021 versus Q1 in the prior year driven by new cluster sales from Sarah & Sam, Samsara Luggage's online fashion and lifestyle collection that launched in the fall of 2020. Year-to-date gross profit for Sarah & Sam increased by an impressive 53%. Both Samsara Luggage and Sarah & Sam benefited from the ongoing market recovery after last year's coronavirus pandemic. \nRevenues generated exclusively by Sarah & Sam during the six months ended June 30, 2021 totaled $150,000 with a gross profit of $80,000, and during the three months ended June 30, 2021 totaled $98,000 with a gross profit of $45,000.\n\"We are very pleased with our second quarter results as we delivered double digit increased earnings via our newest platform,\" said Atara Dzikowski, Co-founder & CEO of Samsara Luggage. \"Our strong results demonstrates that our company remains agile and able to adapt to industry changes and the needs of our customers. We are optimistic that this impressive momentum will endure as we continue to grow our marketplace with products that address the everchanging travel landscape.\"    \nSamsara plans to launch its first product from the Next Gen collection in the second half of 2021. Samsara's Next Gen smart carry-on was received with enthusiasm and anticipation by the press after its unveiling at the 2020 Consumer Electronics Show (CES). \nIn response to the coronavirus ...