Zega announces "FY22 revenue up 45.98% YoY to $254,000"

Zega update 26 February 2022

This article is from Unspecified for Retail & Consumer

"FY22 revenue up 45.98% YoY to $254,000

Since the normalisation of retail trading activities around the world, Zega has seen a significant increase in sales revenue demonstrating strong demand for the product and positioning the business well for continued growth this year. The key highlights are:

  • $254,000 revenue this financial year to date, up 45.98% year on year
  • Strong online sales in the US and Australia
  • Successful retail launch in Italy generating $96,209 sales in the first order through Kasanova (Italy’s largest homewares retailer)
  • $100,000 secured to fund development of distribution arrangements in North America and participation at The Inspired Home Show in Chicago March 5-7, North America’s largest homewares trade show

 Meetings are currently being scheduled in Chicago with some of North America’s largest retail distributors to expand Zega’s availability into key global markets. Following the Chicago show, the business will move to lock in new distribution arrangements and increase production and supply through distribution partners."

Steve Maarbani

Director, Zega Holdings Pty Ltd

26 Feb 2022

About Zega Holdings Pty Ltd

Intelligent Cookware - Smart Design, High-end Style

Zega (Project Patina) has developed smart, app-enabled, walkaway cookware that does the cooking for you. Its patented double wall thermal insulated design and SmartControl technology heats in minutes and continues to cook safely for hours off the stove. With its App, you can choose from hundreds of recipes and remotely monitor your cooking so you’re no longer a slave to the kitchen.

For more information about the Company’s plans please click here.

About Funding Strategies

Funding Strategies is an Australian based capital markets firm providing venture equity capital and finance services to small business and companies seeking capital for growth and expansion in the unlisted and pre-IPO capital markets. We work with predominately private and public companies, and sophisticated investors. If you would like more information about the Zega Holdings Pty Ltd, please email brisbane@fundingstrategies.com.au or phone +61 7 3160 2840.      

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February 26th, 2022

Zega | Update | 26 February 2022 ( 190.65 KB )