Bemax Inc. Full Year 2022 Revenue Estimates and Business Outlook
DALLAS, GA/ACCESSWIRE/July 7, 2022/ Bemax Inc. (OTC PINK:BMXC), a growing global distributor of household products, is pleased to provide an update on business operations and revenue estimates for the full year 2022.
Bemax continues to develop its core business objective through market penetration, product development and innovation, market diversification and extensive global marketing. The company is positioned to expect a revenue increase of more than 50% for the current fiscal year compared to the same period last year.
Full year 2022 – Bemax Inc.’s revenue outlook is expected to be between $1.6 million and $2.5 million, with an estimated net profit margin between $480,000 and $1 million.
Fiscal year ending May 31, 2023
Total estimated revenue for the fiscal year ending May 31, 2023 is expected to be between $2.1 million and $3.5 million. This would represent an expected growth rate of more than 50% compared to the fiscal year ended May 31, 2022.
The following statements are based on Bemax’s fiscal year ended May 31, 2022 and the full fiscal year ended May 31, 2023. These statements are forward-looking and actual results may differ materially.
The global baby diaper market size was valued at USD 52.6 Billion in 2019 and is projected to reach USD 68.3 Billion by 2027, registering a CAGR of 5.0% from 2021 to 2027.
Innovation and product launch. The development of two new disposable hygienic products for women is nearing completion. The launch of these new private label products is planned for the current fiscal year in order to meet revenue forecasts.
Market diversification. The company will expand its distribution network in 2022 to improve market diversification, increase market share and expand product development.
Market penetration through innovative marketing. Considering this, Bemax will develop a strategy to promote its private label products and services on social media platforms. The Company will expand its social media marketing as one of the primary strategies to raise awareness of the Company’s various private label product offerings among target customers on social media.
Expanded global marketing – the business will gain popularity and increase its customer base among its target segments.
The company will continue to negotiate new competitive prices with existing Bemax private label manufacturers.
We are excited about the new interest we saw last year and the new opportunities for the business that would enable continued revenue expansion, said Taiwo Aimasiko, CEO of Bemax Inc.
About Bemax Inc..
Bemax Inc. exports and distributes private label household products in global emerging markets. www.bemaxinc.com.
Safe Harbor Statement
This press release contains forward-looking statements which can be identified by words such as “believes”, “expects”, “potential”, “plans”, “suggests”, “may”, “should”, “could”. “, “intends”, or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from future results or are implied by such statements. These factors include, but are not limited to, our ability to continue to improve our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to compete effectively in our market segment, lack of public information about our company, our ability to raise sufficient capital to fund our business, operations, our ability to p our business and a limited public market for our common stock, among other risks. Many factors are difficult to accurately predict and are generally beyond the company’s control. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update forward-looking statements to reflect circumstances or events that occur after the date on which the forward-looking statements are made.
THE SOURCE: Bemax Inc.
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