Slinger Bag generated $4.1 million in total revenues in the second quarter from November 2020 to January 2021, an increase of 24.2 percent from sales of $3.3 million a year ago.
The brand’s total revenues for its financial year-to-date are $7.3 million. Slinger Bag was founded in 2015 and has shipped approximately 15,000 units to date through its DTC channel and global distribution partners.
The company also reported milestones in Q3, including an uplisting onto the OTCQB Venture Market; entering three new international markets; signing a strategic partnership in North America with Wilson Sporting Goods; cementing a long-term strategic partnership with the Peter Burwash International Group; and signing former No. 2 world-ranked tennis player and Olympic silver medalist Tommy Haas as its latest global brand ambassador.
“Despite the impact of the global pandemic, Slinger Bag has enjoyed strong, sustained growth and is recognized as a game-changing product in the global tennis market. We are excited by the progress we have made in such a short amount of time and are grateful for the support we have received from our consumers and shareholders alike”, said Mike Ballardie, CEO of Slinger Bag.
“All signs point to continued growth for Slinger Bag as we open new distribution markets for our Tennis Launcher and begin to market new launchers to Pickleball, Padel and Soft Tennis consumers. As a company, we enable mutually beneficial strategic alliances with iconic tennis brands such as Wilson and Dunlop, and across the globe, we are attracting the best-in-class, market-leading distribution companies. I am particularly excited by the opportunity to work with tennis federations, governing bodies and other partners, such as recently agreed with the LTA in the UK, to develop grassroots relationships and initiatives to drive excitement and participation in the game of tennis around the world.
Photo courtesy Slinger Bag
