on LQR House (NASDAQ:LQR)
LQR House Reports Significant Revenue Growth for 2024
LQR House Inc. has reported an impressive 123.2% increase in revenue for the year ended December 31, 2024, amassing $2,501,660 compared to $1,120,622 in 2023. The company, known for its ecommerce platform specializing in spirits and beverages, attributes this growth to a strategic restructuring effort.
The restructuring involved collaboration with activist investor David Lazar and a newly appointed board, focusing on long-term growth and profitability despite short-term expenses from retention and severance packages. CEO Sean Dollinger highlighted the transformation efforts including team restructuring and expanding international presence as key components of their success.
LQR House remains committed to transparency and growth, aiming to achieve EBIDTA positivity in 2025. They plan to enhance their core e-commerce platform and the SWOL Tequila brand, aspiring for greater operational efficiency.
R. H.
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