LOS ANGELES--(BUSINESS WIRE)--BRAVADA International Ltd (https://www.MedicalMaskSuperstore.com) (Pink Sheets: BRAV) is providing shareholders full year 2020 outlook and update on its business. Over the last few years, BRAVADA International has continued to grow its leggings and women’s fashion business and expand into other verticals that will increase and diversify its revenue.
In October of 2017, the Company closed its brick and mortar store on Melrose Ave and moved to the fashion district in downtown Los Angeles. The Company moved into 2 units at the LA Face Mart building, and in January 2018, Danny Alex, BRAVADA International’s CEO, expanded into the fashion wholesale idiom. He built, developed and launched LeggingsWholesale.com, a massive online fashion bazaar of over 5000 leggings and fashion styles. By mid-2018, the Company occupied 8 units and is currently considering additional space for its growing operations. Over 2018 and 2019, Mr. Alex continued to cement the Company’s website properties as industry leaders in their verticals. The start of 2020 had the Company on the precipice of launching 2 additional web properties when suddenly the Covid-19 pandemic hit. Since Mr. Alex has significant contacts in the China manufacturing sector, the idea of providing solutions to the Covid-19 pandemic to the civilian population became a real potential, hence, the launch of Medical Mask Superstore, which was the subject of the Company’s April 7, 2020 press release.
Full Year 2018 $ 2,426,827
Full Year 2019 $ 2.475,000 - $ 2,600,000 (Projected)
Full Year 2020 $ 2,900,000 - $ 3,100,000 (Projected)
Revenue for full year 2018 grew at a healthy pace. Moving into 2019, the Company solidified its position in the wholesale and retail fashion markets with moderate but healthy growth year over year despite a challenging 2019 in the fashion industry. As the Coronavirus appeared, BRAVADA put its fashion business to the back and focused its energies in the distribution of personal protective equipment (PPE’s) through its web properties, WorldofLeggings.com, OnlyLeggings.com and LeggingsWholesale.com. This pivot proved extremely successful in distributing significant quantities of PPE’s at very affordable prices to the public. Mr. Alex decided to launch the Medical Mask Superstore as he determined there were huge opportunities in the oral air filtration business going forward. He determined the most critical factor in entering the oral air filtration industry was that in a matter of days, the entire US population was fully educated on wearing filtered masks and accepted as a social “fashion” item. This removed the learning curve from North America. Consumers now fully understand why they need a mask creating a massive new industry overnight with little to no companies supplying the demand. This new vertical could prove pivotal in helping grow revenues in 2020, however, the Company prefers a moderate approach to guidance and believes that a range of $2,900,000 - $3,100,000 for top line revenues for 2020 is conservative but prudent.
The Company has no plans to issue any stock for raising capital. The Company believes that it can continue to expand using its free cash flow from operations as it has done for the last number of years. As well, The Company expects to become a current filer sometime in 2020. Additional information shall be provided to shareholders via a conference call or press releases in the near future.
BRAVADA International is an online retailer of women’s fashion and personal protection devices with multiple online properties and a real-world warehouse headquartered in Los Angeles, CA.