The company’s total revenue increased $724,576 from $270,907 for the nine months ended on February 28, 2006; this is a 267% increase. The next year total revenue increased to $995,483.
Gross profit increased 253% for the nine months ended on February 28, 2006. The total revenue and gross profit received since inception of the company added to $1,664,659 and $180,202 respectively.
Over the next 12 months, Novori plans to spend approximately $1,900,000 on business development and operations. To achieve their objectives they will need to maintain the quality of their website, selection of products and a high level of customer support. They plan to develop a strong base of jewelry suppliers in order to expand their product line, in addition to, broadening the knowledge base content on the website.
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