ToughBuilt Revenues Up 106 Per Cent

ToughBuilt Industries, Inc., a manufacturer and distributor of tools and accessories for the professional and do-it-yourself construction industries, had revenues of $39.4 million for the fiscal year ended December 31, 2020, an increase of 106 per cent compared to revenues of $19 million in 2019. Gross profit for the year increased 162 per cent to $14.7 million compared to $5.6 million in fiscal 2019. The company had a net loss of $18.6 million compared to $6.4 million in 2019.