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CANDY CLUB 23 July 2021 2Q FY2021 B2B Revenue increased 56 % YoY and expects to report a record month for July with B2B demand expected to grow 4.7x to $ 1.65m YoY Quarterly Activities Report & Appendix 4C for the quarter ended 30 June 2021 Melbourne , Australia – Candy Club Holdings Limited ( ASX : CLB ) ( " Candy Club " or " the Company " ) is pleased to announce its results for the three months ending 30 June 2021 ( " 2Q FY2021 " ) . Note that all dollar figures are in US dollar terms unless otherwise specified . Tota Total gross revenue of $ 3.05 million was achieved in 2Q FY2021 , representing an increase of 29 % year - on - year ( " YoY " ) . This was driven by its business - to - business ( " B2B " ) segment posting $ 2.37 million in gross revenue during the quarter ( + 56 % YoY ) . the q On a quarter - on - quarter ( “ QoQ ” ) basis , the segment fell 29 % mainly due to seasonality . There were no candy gifting festive holidays during the quarter while 1Q FY2021 experienced two strong holidays - Valentine's Day and Easter . Financial Highlights 2Q FY2020 ( actual ) 1Q FY2021 ( actual ) 2Q FY2021 ( estimate ) QoQ Change YoY Change Total gross revenue $ 2.35m $ 4.10m $ 3.05m -26 % 29 % B2B revenue $ 1.52m $ 3.36m $ 2.37m -29 % 56 % B2C revenue $ 0.83m $ 0.74m $ 0.67m -9 % -19 % Gross margins 41 % 43 % 43 % Unchanged +2 ppts EBITDA * - $ 0.49m - $ 0.99m - $ 1.46m -47 % -198 % NOCF - $ 0.93m - $ 1.52m - $ 3.14m ** -107 % -238 % JEB * EBITDA is reported on an operating basis prior to any non - cash audit adjustments and accruals ** The majority of the 2Q FY2021 NOCF of $ 3.14 million went to build additional inventory required to support expected strong 2H customer demand Note : Figures in value and percentages tabulated above may not add up due to rounding and are unaudited figures . Operational Performance Candy Club continued to meet or exceed all operating KPI expectations in 2Q FY2021 . The Company's total number of retail doors continued to grow to more than 19,000 and the number of B2B customers exceeded 12,000 as of 2Q FY2021 . Quarterly reorder rates from its top 25 customers once again achieved an impressive 96 % ¹ off the back of strong consumer demand . 1 Candy Club's quarterly reorder rates from its top 25 customers last achieved a 96 % in Q4 FY2020 , while over 90 % was achieved for Q1 FY2021 . All dollar figures throughout this document are in US Dollars unless otherwise specified .