LXR Provides June 2022 Revenue Update

June LTM Total Net Revenue of $21.2 Million 
June Total and E-commerce Net Revenue Increased by 31% and 69%, respectively 
E-commerce Penetration was 60% of Total Net Revenue in June 
Year-to-date Total and E-commerce Net Revenue up 48% and 57% Versus Last Year

MONTREAL, July 11, 2022 /CNW/ -LXRandCo, Inc. (LXR or the Company) (TSX: LXR), today provided its monthly financial update, which includes total net revenue and e-commerce net revenue estimates for the month of June 2022 and the latest twelve months (LTM) period ending June 30, 2022.

LTM Total Net Revenue ($000s) (CNW Group/LXRandCo, Inc.)

In June 2022, the Company realized total net revenue of $1.8 million, including e-commerce net revenue of $1.1 million, which represented growth of 31% and 69%, respectively, over the same period last year. For LTM ending June 30, 2022, the Company realized total net revenue of $21.2 million, including LTM e-commerce net revenue of $12.9 million, which represented an increase of 64% and 92%, respectively, over the same period last year. The following table summarizes 2021 and year-to-date 2022 total and e-commerce monthly net revenue as compared to comparable periods in the prior year:

	Total Net Revenue							E-commerce Net Revenue
(C$000s)	Monthly		B/(W) from prior year		LTM			Monthly	B/(W) from prior year	LTM
January, 2021	491		(74 %)		12,345			491	61 %	4,565
February	600		(80 %)		9,986			455	30 %	4,670
March	1,511		24 %		10,282			627	96 %	4,977
April	1,190		444 %		11,253			975	445 %	5,773
May	1,440		240 %		12,270			899	155 %	6,319
June	1,396		77 %		12,878			649	140 %	6,697
July	1,401		22 %		13,129			833	240 %	7,285
August	1,555		29 %		13,479			844	196 %	7,843
September	2,031		304 %		15,008			831	134 %	8,318
October	2,165		245 %		16,544			1,240	155 %	9,071
November	2,251		53 %		17,325			1,482	256 %	10,137
December	2,000		55 %		18,031			1,235	52 %	10,561
January, 2022	1,025		109 %		18,565			797	62 %	10,867
February	1,423		137 %		19,388			1,069	135 %	11,481
March	1,847		22 %		19,724			1,283	105 %	12,137
April	1,947		64 %		20,481			1,142	17 %	12,304
May	1,706		18 %		20,747			1,027	14 %	12,432
June	1,829		31 %		21,180			1,098	69 %	12,881
YTD-2022	9,777		48 %		21,180			6,416	57 %	12,881
Target for FY2022				25,000—30,000

The following chart illustrates LXR's LTM total net revenue momentum since January 2021. The Company's full year net revenue outlook for 2022 is between $25 million and $30 million.

About LXR
LXRandCo is a socially responsible, digital-first omni-channel retailer of authenticated pre-owned luxury handbags and personal accessories. Since 2010, we have been providing consumers with authenticated branded luxury products by promoting their reuse and providing an environmentally responsible way for consumers to purchase luxury products. We achieve this through our digital-first strategy by selling directly to consumers through our website at www.lxrco.com and indirectly, by powering the e-commerce and other platforms of key channel partners. Our omni-channel model is also supported by retail 'shop-in-shop' experience centers and by wholesale activities with select retail partners across North America.

SOURCE LXRandCo, Inc.

Nadine Eap, Chief Financial and Administrative Officer, [phone] ext.: 037, [email protected]