PRELIMINARY FEBRUARY 2022 REVENUE

February LTM Net Revenue of $19.5 Million.
February Total and E-commerce Net Revenue Increased 140% and 135%, Respectively.
E-commerce Penetration was 74% of Total Net Revenue in February.

MONTREAL, March 10, 2022 /CNW/ - LXRandCo, Inc. (LXR or the Company) (TSX: LXR) (TSX: LXR.WT), a North American, digital-first omni-channel retailer of authenticated pre-owned luxury handbags and personal accessories, today provided a financial update, which includes total net revenue and e-commerce net revenue estimates for the month of February 2022 and the latest twelve months (LTM) period ending February 28, 2022. The Company will report its Q4-2021 and full year 2021 financial results on or about March 24, 2022.

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

In February 2022, the Company realized total net revenue of $1.4 million, including e-commerce net revenue of $1.1 million, which represented growth of 140% and 135%, respectively, over the same period last year. For the twelve-month period ending February 28, 2022, the Company realized total net revenue of $19.5 million, including LTM e-commerce net revenue of $11.3 million, which represented an increase of 74% and 142%, respectively, over the same period last year.

February marked the twelfth consecutive month over month of double-digit revenue growth. 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
($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	2,075		60%	18,107		1,046	29%	10,371
January, 2022	1,046		113%	18,662		797	62%	10,677
February	1,437		140%	19,499		1,069	135%	11,291
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 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]