Slinger Bag, which has been renamed as just Slinger following its diversification into tennis management and the planned release of AI-driven training technology, has reported a net loss of $3,435,312 for the first quarter ended July 31, up sharply from a loss of $1,374,026 in the year-ago period. Sales jumped by 349 percent to $2,537,573, but the company has already indicated that the numerous distribution deals it signed recently will generate retail sales of $250 million. Slinger also noted that supply chain disruptions pushed some $1.1 million in revenues from the first to the second quarter, but the company has pulled forward enough inventories to meet the anticipated demand through April 2022. Slinger has started the process to uplist its shares to the regular Nasdaq stock market from its over-the-counter market.

Topics