Jeffs' Brands Ltd, an e-commerce consumer products company operating primarily on Amazon, filed a Form 6-K with the SEC for September 2024, detailing its financial performance for the first half of the year. The report includes unaudited condensed consolidated financial statements and a management discussion for the six months ending June 30, 2024. The company reported a 60% increase in revenues, amounting to $6,198 thousand compared to $3,871 thousand in the same period of the previous year. This growth was primarily driven by the performance of its subsidiary Fort. However, the company also experienced a significant increase in operating expenses, leading to a net loss of $3,875 thousand, which is more than double the loss from the previous year. Jeffs' Brands attributes the increased losses to...Show More

Jeffs' Brands Ltd, an e-commerce consumer products company operating primarily on Amazon, filed a Form 6-K with the SEC for September 2024, detailing its financial performance for the first half of the year. The report includes unaudited condensed consolidated financial statements and a management discussion for the six months ending June 30, 2024. The company reported a 60% increase in revenues, amounting to $6,198 thousand compared to $3,871 thousand in the same period of the previous year. This growth was primarily driven by the performance of its subsidiary Fort. However, the company also experienced a significant increase in operating expenses, leading to a net loss of $3,875 thousand, which is more than double the loss from the previous year. Jeffs' Brands attributes the increased losses to higher marketing and sales expenses, general and administrative expenses, and financial expenses. Despite the losses, the company believes its current cash and cash equivalents will be sufficient to fund operations for the next twelve months. The report also includes forward-looking statements and a discussion of market risks, particularly related to currency fluctuations and inflation.