PRELIMINARY DECEMBER AND FULL YEAR 2021 REVENUE

December Total and E-commerce Net Revenue Up 60% and 29%, Respectively.
Full Year 2021 Total and E-commerce Net Revenue Up 31% and 137%, Respectively.

MONTREAL, Jan. 13, 2022 /CNW/ - LXRandCo, Inc. (LXR or the Company) (TSX: LXR) (TSX: LXR.WT), a North American, digital-first omni-channel retailer of authenticated pre-owned luxury handbags and personal accessories, today provided a financial update, which includes total net revenue and e-commerce net revenue estimates for the month of December 2021 and the latest twelve months (LTM) period ending December 31, 2021.

Monthly and YTD Total and E-Commerce Net Revenue
In December 2021, the Company realized total net revenue of $2.1 million, including e-commerce net revenue of $1.0 million, which represented growth of 60% and 29%, respectively, over the same period last year. For the twelve-month period ending December 31, 2021, the Company realized total net revenue of $18.1 million, including e-commerce net revenue of $10.4 million, which represented an increase of 31% and 137%, respectively, over the same period last year.

December marked the 10^th consecutive month over month of double-digit revenue growth. In addition, e-commerce net revenue crossed the million-dollar monthly level for the third consecutive month. The following table summarizes 2021 year-to-date total and e-commerce monthly net revenue as compared to comparable periods in 2020:

	Total Net Revenue			E-commerce Net Revenue
($000s)	2021	2020		2021	2020
		B/(W)			B/(W)
January	491	(74%)		491	61%
February	600	(80%)		455	30%
March	1,511	24%		627	96%
April	1,190	444%		975	445%
May	1,440	240%		899	155%
June	1,396	77%		649	140%
July	1,401	22%		833	240%
August	1,555	29%		844	196%
September	2,031	304%		831	134%
October	2,165	245%		1,240	155%
November	2,251	53%		1,482	256%
December	2,075	60%		1,046	29%
December YTD	$18,107	31%		$10,371	137%

Quarterly and LTM Total and E-commerce Net Revenue History
On a December 31, 2021 LTM basis, the Company estimates total net revenue of $18.1 million and e-commerce net revenue of $10.4 million. E-commerce penetration was 57% of total net revenue. The following table provides historical quarterly and LTM total net revenue and e-commerce net revenue since Q1-2019:

	Total Net Revenue			E-Commerce Net Revenue			E-Commerce Penetration
Actuals ($):	Quarterly	LTM		Quarterly	LTM		LTM
Q1 2019	8,756,063	38,982,959		604,023	2,294,094		6%
Q2 2019	8,558,435	38,254,627		959,525	2,654,334		7%
Q3 2019	8,314,615	36,493,740		985,288	3,057,856		8%
Q4 2019	14,440,173	40,069,286		1,175,652	3,724,488		9%
Q1 2020	6,097,604	37,410,827		975,592	4,096,057		11%
Q2 2020	1,430,284	30,282,676		802,658	3,939,190		13%
Q3 2020	2,857,718	24,825,779		885,669	3,839,571		15%
Q4 2020	3,391,813	13,777,419		1,715,804	4,379,723		32%
Q1 2021	2,602,071	10,281,886		1,572,640	4,976,771		48%
Q2 2021	4,026,028	12,877,630		2,522,682	6,696,795		52%
Q3 2021	4,987,628	15,007,540		2,506,850	8,317,976		55%
Q4 2021	6,490,910	18,106,637		3,768,627	10,370,799		57%
Target for Q4 2021		18,000,000—20,000,000					50%—65%

About LXR
LXRandCo is a socially responsible, digital-first omni-channel retailer of authenticated pre-owned luxury handbags and personal accessories. Since 2010, we have been providing consumers with authenticated branded luxury products by promoting their reuse and providing an environmentally responsible way for consumers to purchase luxury products. We achieve this through our digital-first strategy by selling directly to consumers through our website at www.lxrco.com and indirectly, by powering the e-commerce and other platforms of key channel partners. Our omni-channel model is also supported by retail 'shop-in-shop' experience centers and by wholesale activities with select retail partners across North America. For further information, please contact:

SOURCE LXRandCo, Inc.

Nadine Eap, Chief Financial and Administrative Officer, [phone] ext: 037, [email protected]