Jeffs’ Brands sees FY24 revenue exceeding $13M

Jeffs’ Brands (JFBR) announced its preliminary estimated preliminary results for the year ended December 31, 2024, highlighting estimated revenue growth, expansion of the Company’s e-commerce platforms and plans to continue to explore merger and acquisition opportunities. Jeffs’ Brands estimates its revenues for the year ended December 31, 2024 to exceed $13M, reflecting an approximately 30% growth from $10M in 2023. Jeffs’ Brands believes that this momentum, fueled by market expansion of Fort Products, potentially positions the Company to achieve a projected $20M in revenue by the end of 2025 based on current market conditions. Since its initial public offering in August 2022 and until December 31, 2024, the Company has achieved annual revenue growth, with a 120% increase in revenue since its IPO, based on its revenue estimates for 2024.