Toughbuilt Industries Inc

Toughbuilt Industries, Inc. engages in marketing and distributing home improvement and construction product lines under the TOUGHBUILT brand. It offers cliptech tool belts, pouches and bags, bags and totes, business organization, knee pads, miter saw stands, and sawhorses. The company was founded by Michael Panosian and Joshua Keeler on April 9, 2012 and is headquartered in Lake Forest, CA.

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Toughbuilt Industries, Inc. engages in marketing and distributing home improvement and construction product lines under the TOUGHBUILT brand. It offers cliptech tool belts, pouches and bags, bags and totes, business organization, knee pads, miter saw stands, and sawhorses. The company was founded by Michael Panosian and Joshua Keeler on April 9, 2012 and is headquartered in Irvine, CA.

Toughbuilt Industries Inc - Units - Class A ( 1 Ord, 1 War Ser A & 1 War Ser B)

Toughbuilt Industries Inc - Warrants - Series A (09/11/2023)

IRVINE, Calif., July 03, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. (Nasdaq: TBLT) ("ToughBuilt" or the "Company"), today announced its receipt of a Staff Determination letter from the Nasdaq Listing Qualifications department on June 28, 2024. The letter outlines the Staff's determination that the Company's securities are subject to delisting from The Nasdaq Stock Market due to non-compliance with Nasdaq's majority independent board and independent committee requirements, as well as the Company's failure to timely file its Form 10-K for the year ended December 31, 2023, and the Form 10-Q for the period ended March 31, 2024.

ToughBuilt Industries, Inc. Announces Receipt of Nasdaq Staff Determination Letter and Hearing Request

IRVINE, Calif., May 24, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. (NASDAQ: TBLT) (the “Company”) today announced that it has received a written notice (the “Notice”) on May 22, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company has not yet filed its Form 10-Q for the quarter ended March 31, 2024 (the “Form 10-Q”) and because the Company remains delinquent in filing its Form 10-K for the year ended December 31, 2023 (the "Form 10-K"), it is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC").

ToughBuilt Industries Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q

IRVINE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Toughbuilt Industries, Inc. (Nasdaq: TBLT), announced that on April 19, 2024, it received a staff determination notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that since the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the “Annual Report”), the Company was no longer in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”).

Toughbuilt Industries Announces Receipt of Nasdaq Delinquency Notice

IRVINE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBu ilt” or the “Company”) (NASDAQ: TBLT) today announced its strategic alliance with King Trade Capital (“KTC”), securing a line of credit expected to significantly enhance the Company's procurement, direct import, and order fulfillment capabilities.

ToughBuilt Obtains Purchase Order Financing to Fuel Supply Chain and Growth Initiatives

IRVINE, Calif., Feb. 16, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. (“ToughBuilt” or the “Company”) (NASDAQ: TBLT; TBLTW), today announced the closing of its previously announced public offering of 772,628 shares of its common stock (or pre-funded warrants in lieu thereof), together with warrants to purchase up to 772,628 shares of its common stock at an offering price to the public of $4.53 per share (or pre-funded warrant) and associated warrant. The warrants have an exercise price of $4.405 per share, be exercisable upon issuance, and will expire five years following the date of issuance.

ToughBuilt Industries Announces Closing of $3.5 Million Public Offering

IRVINE, Calif., Feb. 14, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. (“ToughBuilt” or the “Company”) (NASDAQ: TBLT; TBLTW), today announced the pricing of a public offering of 772,628 shares of its common stock (or pre-funded warrants in lieu thereof), together with warrants to purchase up to 772,628 shares of its common stock at an offering price to the public of $4.53 per share (or pre-funded warrant) and associated warrant. The warrants will have an exercise price of $4.405 per share, be exercisable upon issuance, and will expire five years following the date of issuance. The closing of the offering is expected to occur on or about February 16, 2024, subject to the satisfaction of customary closing conditions.

ToughBuilt Industries Announces Pricing of $3.5 Million Public Offering

IRVINE, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt” or the Company”) (NASDAQ: TBLT; TBLTW), announced today that the Company released 16 additional products to its revolutionary StackTech® mobile toolbox system, now totaling 24 SKUs available to customers in-stores and online.

ToughBuilt Industries Accelerates Growth with Expanded StackTech® Ecosystem, Targeting $6.8 Billion Market

Common Stock Will Begin Trading on a Split-Adjusted Basis of 1-for-65 Common Stock Will Begin Trading on a Split-Adjusted Basis of 1-for-65

ToughBuilt Industries, Inc. Announces Reverse Stock Split

ToughBuilt Industries, Inc. (NASDAQ:TBLT ) Q3 2023 Earnings Conference Call November 14, 2023 5:00 PM ET Company Participants Martin Galstyan - Chief Financial Officer Michael Panosian - President and CEO Conference Call Participants Operator Good afternoon, everyone. And welcome to the ToughBuilt Industries Third Quarter 2023 Earnings Conference Call.

ToughBuilt Industries, Inc. (TBLT) Q3 2023 Earnings Call Transcript

Revenue increased 9% quarter-over-quarter to $20.6 million  Operating expenses decreased 11% year-over-year to $15.4 million, over $2 million saved.

ToughBuilt Industries Announces Third Quarter 2023 Results

LAKE FOREST, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW), today reports that it will hold an earnings call to discuss the Company's 2023 first quarter financial and operating results on Tuesday, November 14, 2023 at 5:00pm ET.

Toughbuilt Industries to Report Third Quarter 2023 Financial Results on November 14, 2023

IRVINE, Calif., Oct. 24, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt” or the Company”) (NASDAQ: TBLT; TBLTW), announced today that the Company has released its revolutionary StackTech™ mobile stacking toolbox system.

ToughBuilt Industries Launched Innovative StackTech™ Line: A Mobile Stacking Tool Organization Ecosystem

IRVINE, Calif., Sept. 21, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries Inc. (NASDAQ: TBLT; TBLTW) (“ToughBuilt” or the “Company”) today announced that its Board of Directors declared a dividend of one one-thousandth of a share of newly-designated Series H Preferred Stock, par value $0.0001 per share, for each outstanding share of ToughBuilt common stock held of record as of 5:00 p.m. Eastern Time on October 2, 2023. The shares of Series H Preferred Stock will be distributed to such recipients at 5:00 p.m. Eastern Time on October 17, 2023. The outstanding shares of Series H Preferred Stock will vote together with the outstanding shares of the Company's common stock, as a single class, exclusively with respect to a proposal giving the Board of Directors the authority, as it determines appropriate, to implement a reverse stock split, as well as any proposal to adjourn any meeting of stockholders called for the purpose of voting on the reverse stock split, and will not be entitled to vote on any other matter, except to the extent required under the Nevada Revised Statutes. Subject to certain limitations, each outstanding share of Series H Preferred Stock will have 1,000,000 votes per share (or 1,000 votes per one one-thousandth (0.001) of a share of Series H Preferred Stock).

ToughBuilt Industries Announces Distribution of Series H Preferred Stock to Holders of its Common Stock

ToughBuilt's (TBLT) Q2 results benefit from strong demand, product innovation and cost management efforts.

ToughBuilt (TBLT) Q2 Earnings Top Estimates, Revenues Miss

ToughBuilt Industries, Inc. (NASDAQ:TBLT ) Q2 2023 Earnings Conference Call August 22, 2023 5:00 PM ET Company Participants Martin Galstyan - Chief Financial Officer Michael Panosian - President and Chief Executive Officer Conference Call Participants Kevin Dede - H.C. Wainwright Operator Greetings, and welcome to the ToughBuilt Industries Second Quarter 2023 Earnings Call.

ToughBuilt Industries, Inc. (TBLT) Q2 2023 Earnings Call Transcript

Revenue increased 5.5% year-over-year to $18.9 million Gross profit increased 18.5% year-over-year to $5.8 million Gross Margin increased by 330 basis points year-over-year to 31% Net loss improved 53% year-over-year down to $5.9 million from $12.1 million IRVINE, Calif., Aug. 22, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or “the Company”) (NASDAQ: TBLT; TBLTW), reported today their financial results for the fiscal quarter ended June 30, 2023.

Toughbuilt Industries Announces Second Quarter 2023 Results

ToughBuilt's (TBLT) Q2 performance is likely to have gained on the regular introduction of SKUs.

ToughBuilt (TBLT) to Report Q2 Earnings: What to Expect?

LAKE FOREST, Calif., Aug. 17, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW), today reports that it will hold an earnings call to discuss the Company's 2023 Second quarter financial and operating results on Tuesday August 22, 2023 at 5:00pm ET.

ToughBuilt Industries to Report Second Quarter 2023 Financial Results on August 22, 2023

IRVINE, Calif., Aug. 08, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt” or the “Company") (NASDAQ: TBLT; TBLTW) has announced today, the Company is expanding distribution in the European Union with two major retail groups, La Platforme Du Batiment and Prolians, servicing professional customers in France and Spain.

ToughBuilt Industries Expands European Distribution in France and Spain

IRVINE, Calif., Aug. 03, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt” or the Company”) (NASDAQ: TBLT; TBLTW), announced today that the Company is expanding distribution to customers in the United Kingdom through new business with Howdens UK and City Electrical Factors UK (“CEF”), marking entry into a combined network of more than 1,200 retail locations nationwide.

ToughBuilt Expands Distribution in the United Kingdom, Entering into Two of The Largest National Trade Retailers

Despite operating in a challenging macroeconomic environment, ToughBuilt Industries, Inc. TBLT maintains sales pace, which serve as a positive indicator of its growth trajectory. During second-quarter fiscal 2023, the company recorded gross sales of $3.61 million through Amazon.com compared with $3.56 million in second-quarter fiscal 2022.

ToughBuilt's (TBLT) Gross Sales Via Amazon.com In line Y/Y

IRVINE, Calif., July 11, 2023 (GLOBE NEWSWIRE) -- {{DATELINECITY_DATE_GLOBENEWSWIRE_BUG}ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ: TBLT; TBLTW), announced today that the Company's gross sales for the second quarter ended June 30, 2023, through Amazon.com were $3.61 million, which remains consistent with our quarter-over-quarter sales of $3.56 million in Q2 of 2022. In total, sales for the first six months of 2023 have increased by 5.3% to approximately $7.41 million, compared to $7.01 million for the six months ended June 30, 2022, last year.

ToughBuilt Industries Reports $3.61 Million in Q2 2023 Sales Through Amazon

IRVINE, Calif., June 23, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. (“ToughBuilt” or the “Company”) (NASDAQ: TBLT; TBLTW), today announced the closing of its previously announced public offering of 10,975,611 shares of its common stock (or pre-funded warrants in lieu thereof), together with warrants to purchase up to 10,975,611 shares of its common stock at an offering price to the public of $0.41 per share (or pre-funded warrant) and associated warrant. The warrants have an exercise price of $0.29 per share, are exercisable upon issuance, and will expire five years following the date of issuance.

ToughBuilt Industries Announces Closing of $4.5 Million Public Offering

Toughbuilt Industries (NASDAQ: TBLT ) stock is falling hard on Wednesday after the construction equipment company announced a public offering. Toughbuilt Industries has priced shares in this offering at 41 cents each.

Why Is ToughtBuilt (TBLT) Stock Down 45% Today?

IRVINE, Calif., June 21, 2023 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. (“ToughBuilt” or the “Company”) (NASDAQ: TBLT; TBLTW), today announced the pricing of a public offering of 10,975,611 shares of its common stock (or pre-funded warrants in lieu thereof), together with warrants to purchase up to 10,975,611 shares of its common stock at an offering price to the public of $0.41 per share (or pre-funded warrant) and associated warrant. The warrants will have an exercise price of $0.29 per share, are exercisable upon issuance, and will expire five years following the date of issuance. The closing of the offering is expected to occur on or about June 23, 2023, subject to the satisfaction of customary closing conditions.

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