Madame Vastra, Jenny Flint, and Strax

STRAX: STRAX Adds to its Portfolio of Own Brands Through the Acquisition of Richmond & Finch

Retrieved on: 
Thursday, December 12, 2019

The business model is a very good match to the unparalleled retail and online distribution reach of the STRAX group.

Key Points: 
  • The business model is a very good match to the unparalleled retail and online distribution reach of the STRAX group.
  • Richmond & Finch is expected to reach sales of approximately MSEK 45 in 2019 and the acquisition, followingthe successful earnout-structure STRAX has used in the past, is effective as of December 1, 2019.
  • With STRAX industry knowledge, backend support and broad distribution Richmond & Finch will get the chance to reach its full potential" says Mats Wikstrm, CEO & founder of Richmond & Finch.
  • Furthermore, the timing is right, since Richmond & Finch overall product positioning highly complements the current brand offering from STRAX.

Strax: New Simplified Group Structure To Improve Presentation Of The Company And Maximize Value

Retrieved on: 
Thursday, November 28, 2019

I believe we have been negatively impacted from a valuation perspective due to the fact the market has not understood our consolidated business model.

Key Points: 
  • I believe we have been negatively impacted from a valuation perspective due to the fact the market has not understood our consolidated business model.
  • STRAX sells into all key channels ranging from telecom operators, mass merchants and consumer electronics to lifestyle retailers and direct to consumers online.
  • STRAX was founded in Miami and Hong Kong in 1995 and has since grown across the world.
  • Today, STRAX has over 200 employees in 12 countries with its operational HQ and logistics center based in Germany.

STRAX: Interim Report No 2 for the Financial Year 2019

Retrieved on: 
Wednesday, August 28, 2019

The Group's result for the period January 1 June 30, 2019, amounted to MEUR -3.2 (-0.9) corresponding to EUR -0,02 (0.00) per share.

Key Points: 
  • The Group's result for the period January 1 June 30, 2019, amounted to MEUR -3.2 (-0.9) corresponding to EUR -0,02 (0.00) per share.
  • Equity as of June 30 2019 amounted to MEUR 18.3 (20.9) corresponding to EUR 0.17 (0.18) per share.
  • STRAX does not expect sales to materially decline in 2019 despite the sale of Gear4 and gross margin is expected to remain stable or improve in 2019.
  • The positive development of Urbanista continued in Q2 2019 with YoY growth of 80%, creating valuable asset for STRAX.

Strax: Urbanista Accelerates Growth and Gains Impressive Market Share

Retrieved on: 
Tuesday, July 30, 2019

Urbanista has been a wholly owned subsidiary of STRAX since 2014 and has experienced high double-digit growth since the acquisition, primarily driven by the strong Nordic presence.

Key Points: 
  • Urbanista has been a wholly owned subsidiary of STRAX since 2014 and has experienced high double-digit growth since the acquisition, primarily driven by the strong Nordic presence.
  • "We are very pleased with the development of Urbanista since the acquisition in 2014, both as a brand and from a financial perspective.
  • Already in 2018 Urbanista reached a considerable size with a turnover of approximately MEUR 14 with continuous solid profitability.
  • In 2019 growth is at approximately 50 percent so far and increasing, thereof eCommerce growth of 400%, giving us good hopes for a remarkably strong year.

Strax Technologies Inc. Appoints Lee West to Advisory Board

Retrieved on: 
Monday, April 29, 2019

WASHINGTON, April 29, 2019 /PRNewswire/ --Strax Technologies Inc. announced today Lee West is being appointed to their advisory board.

Key Points: 
  • WASHINGTON, April 29, 2019 /PRNewswire/ --Strax Technologies Inc. announced today Lee West is being appointed to their advisory board.
  • He will be responsible for overseeing the visual identity and direction of Strax Technologies media, film, and content for Strax clients.
  • West will continue to report to Eric Singleton, Strax Technologies CTO, and will be located in northern Virginia.
  • Prior to Strax Technologies, West spent a number of years as graphic designer for Siber Systems Inc., Shentel Inc., and his own firm, West Rom Media.

STRAX: Annual Report 2018

Retrieved on: 
Thursday, April 18, 2019

STOCKHOLM, April 18, 2019 /PRNewswire/ --STRAX has published the Annual Report for 2018 today.

Key Points: 
  • STOCKHOLM, April 18, 2019 /PRNewswire/ --STRAX has published the Annual Report for 2018 today.
  • The Annual Report is available on the company's homepage, www.strax.com
    STRAX is a market-leading global company specializing in mobile accessories.
  • STRAX has built a House of Brands to complement its value-added customer specific solutions and services.
  • STRAX House of Brands includes proprietary brands: XQISIT, Urbanista, THOR, CLCKR and licensed brands: adidas and bugatti.

STRAX: Postponed Disclosure of Interim Report no 3

Retrieved on: 
Wednesday, November 28, 2018

Strax AB (publ) has updated its financial calendar for 2018, entailing that the interim report for the period 1 January 2018 30 September 2018 (Interim Report no 3) is postponed by one day and will accordingly be disclosed on Friday 30 November 2018.

Key Points: 
  • Strax AB (publ) has updated its financial calendar for 2018, entailing that the interim report for the period 1 January 2018 30 September 2018 (Interim Report no 3) is postponed by one day and will accordingly be disclosed on Friday 30 November 2018.
  • Subsequent reporting occasions will be set out in the Interim Report no 3, and the financial calendar for the financial year 2019 will be published on the company's website in connection therewith.
  • This information was submitted for publication, through the agency of the contact person set out above, at 17:10 CET on 28 November 2018.
  • For further information please contact Gudmundur Palmason, CEO, Strax AB, +46-8-545-01750.

Strax Technologies Inc. Signs Merchandise License Agreement With Schon Productions Inc. and Legendary Founder of Journey, Neal Schon

Retrieved on: 
Friday, October 5, 2018

Strax will create new content and digital media elements to enhance the discovery and sale of Neal Schon products, integrate intimate and rare performance elements of the founder of Journey, and develop derivative visual, sound, and film experiences.

Key Points: 
  • Strax will create new content and digital media elements to enhance the discovery and sale of Neal Schon products, integrate intimate and rare performance elements of the founder of Journey, and develop derivative visual, sound, and film experiences.
  • In September, Neal and the Strax team were on location at the historic Record Plant studio in Sausalito, collaborating on a "unique content creation session" to be released soon.
  • Strax Technologies will continue its push forward by presenting new genres of visual art and integrated live experiences, fulfilling the mission to make the visual, creative, and musical genius of Neal Schon accessible to millions of fans worldwide.
  • "This is an incredibly rare opportunity to present the artistic genius and innovation of Neal Schon to continents where his fame is associated uniquely to his music," concluded Lee West, CCO of Strax Technologies Inc.