LXRandCo, Inc.

03:46 PM EST - LXRandCo, Inc. : Today reported its financial results for the fourth quarter ended December 31, 2019. The retail network at December 31, 2019 consisted of 80 stores compared to 86 in 2018. This decrease was mainly due to the Company's decision to terminate an unprofitable retail partnership in 2019, which resulted in the closure of six stores in the U.S. Net revenue increased by 32.9% to $14.4 million from $10.9 million. Net loss decreased to $2.1 million from a net loss of $3.7 million. LXRandCo, Inc.


shares T.LXR are trading unchanged at $0.25.