April 5, 2019
One of North America’s premier outdoor patio furniture brands, the Company designs and manufactures a recognized line of outdoor furniture and accessories. Products are sold worldwide through retail outlets and on certain websites. Based on the current growth trajectory and orders already received, management is forecasting sales totaling $31 million for the year ending August 31, 2019. In FY 2020, management expects sales to increase 17% to nearly $37 million as the Company expands capacity, diversifies its business, and begins to fulfill orders from other retailers. EBITDA margin is currently 43% and expected to tick up to 44% in FY 2020.