ACCESSWIRE
01 Dec 2022, 23:55 GMT+10
VANCOUVER, BC / ACCESSWIRE / December 1, 2022 / Bruush Oral Care Inc. (NASDAQ:BRSH) ('Brüush' or the 'Company'), a direct-to-consumer leader in the oral care category, announced today that it generated record sales during the Black Friday Cyber Monday period, which resulted in November 2022 being the best month in the Company's history. Brüush recorded more than $500,000 of revenues for the month of November, representing year-over-year growth of over 50%.
Brüush's product portfolio currently consists of a sonic-powered electric toothbrush kit and brush heads, which can be purchased on a subscription plan where the customer is conveniently shipped their brush head refills on a regular basis. The strong sales performance in November was driven by: (i) expanded marketing and customer acquisition efforts that resulted in higher electric toothbrush sales; and (ii) an increase in recurring revenues from the sale of brush heads on a subscription basis, as the Company's subscriber base continues to grow. Brüush now has over 35,000 active subscriptions in its brush head refill program, which represents a 25% increase during the four-month period since going public in August 2022.
'We are obviously excited about our growth since the IPO in August and that November was a record month for us,' said Aneil Manhas, Founder and CEO of Brüush. 'Our electric toothbrush makes a great gift, so we expect strong sales to continue through the holiday season.' Brüush has noted that it is seeing an increase in sales to consumers within its existing subscriber base, who are purchasing additional Brüush electric toothbrushes as gifts. The Company boasts a 90% five-star review rating on its website and an extremely low return rate of less than 1%.
Manhas added that, 'We expect this strong momentum to continue into 2023 with the planned expansion of our product portfolio, which will be a big growth driver for us.' Brüush is on track to launch four new oral care products starting in April. This will include toothpaste, mouthwash, dental floss and a whitening pen, all of which the Company says will have the same premium look and feel as the Brüush electric toothbrush. The introduction of these new products will provide the Company with the opportunity to deepen relationships with existing subscribers, increase average order value and grow monthly recurring revenue.
About Bruush Oral Care Inc.
Bruush Oral Care Inc. is on a mission to inspire confidence through brighter smiles and better oral health. Founded in 2018, we are an oral care company that is disrupting the space by reducing the barriers between consumers and access to premium oral care products. We are an e-commerce business with a product portfolio that currently consists of a sonic-powered electric toothbrush kit and brush head refills. We developed the product to make upgrading to an electric brush appealing with three core priorities in mind: (i) a high-quality electric toothbrush at a more affordable price than a comparable electric toothbrush from the competition; (ii) a sleek, countertop-friendly design; and (iii) a convenient brush head refill subscription program that eliminates the frustrating experience of purchasing replacement brush heads at the grocery/drug store. Next year, we plan to expand our portfolio with the launch of several new subscription-based consumable oral care products, including toothpaste, mouthwash, dental floss, a whitening pen, as well as an electric toothbrush designed for kids. We are rooted in building a brand that creates relevant experiences and content, with the goal of becoming the go-to oral care brand for millennials and Generation Z.
For more information on Brüush visit: https://bruush.com
Follow Brüush on LinkedIn: Bruush
Follow Brüush on Instagram: @bruush
Investor Relations Contact:
Colette Eymontt
TraDigital IR
colette@tradigitalir.com
SOURCE: Brüush Oral Care Inc.
Get a daily dose of Seattle Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Seattle Bulletin.
More InformationWASHINGTON D.C.: In a letter to lawmakers last week, the US Federal Aviation Administration (FAA) said it had put in ...
WASHINGTON D.C.: The Biden administration has stopped issuing export licenses to US companies seeking to ship most items to China's ...
Nearly a year in, the war in Ukraine has cost tens of thousands of lives and brought the world to ...
WASHINGTON D.C.: The US House of Representatives has passed a bill that limits the ability of US Energy Secretary Jennifer ...
BOSTON, Massachusetts: Russian businessman Vladislav Klyushin, who has ties to the Kremlin, has been accused of making tens of millions ...
TOKYO, Japan: In light of a tense security environment following Russia's invasion of Ukraine and Moscow's growing military cooperation with ...
WASHINGTON D.C.: As part of a wider policy drive to increase competition in consumer markets, President Joe Biden has announced ...
OSLO, Norway: Ending a three-year run of profits as stock and bond prices were hit by rising inflation and Russia's ...
NEW YORK, New York - Strong economic data failed to stem profit-taking on the major U.S. bourses on Friday, while ...
WASHINGTON D.C.: The US has again asked Mexico to investigate claims that workers at an auto parts facility of American ...
WASHINGTON D.C.: Tesla confirmed this week that the US Justice Department has requested documents related to its Full Self-Driving and ...
TOKYO, Japan: Toyota has announced that it sold 10.5 million vehicles in 2022, maintaining its position as the world's top-selling ...