BRAVADA International Reports 250% Growth in Fiscal Year 2012 on Revenue of $3.476 Million and an EBITDA Profit of $160,418.10
LOS ANGELES--(BUSINESS WIRE)-- BRAVADA International Ltd. (www.OnlyLeggings.com) (Pink Sheets:BRAV) announced today that it reported 250% revenue growth in fiscal year 2012 on revenue of $3,476,066.50 and an EBITDA profit of $160,418.10 on the year as compared to fiscal year 2011 revenue which was $1,030,155.13 with a loss of $450,279.09.
Fourth quarter revenue came in at $1,239,246.06 up almost 85% from the previous quarter (Q3, 2012) where revenue was $672,485.56. Revenue was up 121% as compared to one year ago (Q4, 2011) which was $558,440.81. EBITDA profit for Q4, 2012 was $138,131.70 as compared to a loss one year ago (Q4 2011) of $82,448.30.
Other highlights include significant growth across all four of its major revenue centers on a year over year basis, a very low online product return rate at only 7% (industry norms are considered 15% - 17%) and increasing free cash flow from operations to foster continued growth.
"We are extremely pleased with our full year 2012 results and know that fiscal year 2013 will be another significant growth year for the Company," replied Danny Alex, CEO and Founder of BRAVADA International Ltd. "With 250% year over year growth and revenue of almost $3.5 Million, I believe we are only touching the very tip of the iceberg in what we can achieve as a company. We had more revenue in Q4, 2012 than we did in all of fiscal year 2011. This is something that we are looking to repeat in 2013."
Full financial results can be found at www.otcmarkets.com.
About BRAVADA International Ltd.
BRAVADA owns and operates World of Leggings, WorldofLeggings.com, and OnlyLeggings.com. World of Leggings is a real world leggings superstore that specializes in all styles of Made in the USA leggings, tights and bodysuits. OnlyLeggings.com is the largest online leggings superstore for leggings such as faux leather leggings, high waisted leggings, children's leggings, bodysuits, cotton basic leggings and more.
This news release may contain statements about future expectations, plans, prospects or performance of BRAVADA International Ltd that constitute forward-looking statements for purposes of the safe harbor Provisions within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by phrases such as BRAVADA "believes," "intends," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
BRAVADA International Ltd.
Danny Alex, CEO
KEYWORDS: United States North America California
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