Traders News Source: Identifying Innovators and Bringing Products to Market

 

NEW YORK, NY -- June 6, 2019 -- InvestorsHub NewsWire -- via Traders News Source LLC -- Traders News Source, a leading independent equity research and corporate access firm focused on small cap growth companies is taking a closer look at companies that partner with innovators and help bring products to market. These are the companies looking for the next big product like the George Foreman grill, which has sold over a 100 million units. Included below are Edison Nation (NASDAQ: EDNT), Funko (NASDAQ: FNKO), Yeti Holdings, Inc. (NASDAQ: YETI) and Escalade, Inc. (NASDAQ: ESCA).
 

Edison Nation (NASDAQ: EDNT) On May 30th, 2019 the company launched a new product line. The newly announced product line includes all-new branded products, such as an Avatar Light Up Wood Sprite and Star Wars Baton and Shield Set, exclusively developed for Disney Parks and Resorts; a Monsters Inc. interactive flashlight for Tokyo Disney; and a Jimmy Fallon microphone for Universal Resorts.
 

Kevin Ferguson is President and Treasurer, and a member of Edison Nation’s Board of Directors. Previously, he was President of the highly successful Ferguson Container Company, a predecessor to Edison Nation.
“When we began Edison Nation, we had a very simple vision,” explained Kevin Ferguson. “Lots of people have lots of incredibly good ideas for niche-market products. Usually, these niches are so small that other inventors and product-makers completely overlooked them. Yet when the products are properly presented, the sales generate substantial revenue for both the inventors and Edison Nation.”
“The Eggies Hard Boiled Egg System is one of my favorite Edison Company examples,” he continued. “This product makes it easier and faster to boil eggs. We believed it was a good idea, and aggressively marketed it on several platforms. 99 percent of the people who saw these advertisements immediately disregarded them. But the remaining 1 percent thought, ‘That’s exactly what I need,’ and immediately placed their orders. As of 2018, Eggies sold over six million units at some of the largest retailers in the world.”
Edison Nation quarterly revenues have been averaging $4.3 million, until Q1 ending 3-31-19 when the company reported $5.7 million in revenue, a 33% increase and a 67% increase over Q1 2018.

More about Edison Nation’s business model, milestones and unique differentiating factors are in the full report available here with no obligation READ MORE
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Other Notable Stories in this Overlooked Niche Sector

Funko (NASDAQ: FNKO) has a similar success story. This niche marketing/invention company began in 1998 in a spare bedroom as a bobble head company. Fourteen years and several locations later, Funko eclipsed $20 million in sales. The company sells a wide range of pop culture-themed merchandise, including toys based on Disney and Marvel characters.
Recently, the company has rolled out some new toy products as well as some entirely new product lines, such as Funko Cereal.
In the first quarter of 2019, Funko’s sales increased 22 percent and its net income doubled.

Yeti Holdings, Inc. (NASDAQ: YETI) is another niche company which has grown substantially in recent years. This Austin-based outdoor supply company began by selling highly durable outdoor coolers in 2006. One of its most recent products, the LoadOut GoBox 30, is a nearly indestructible tackle box that separates gear into different compartments, making it easily accessible in the field. There’s also the Tundra Hall, the company’s first wheeled outdoor cooler that is actually more like a portable icebox.
In the first quarter of 2019, the company’s operating income increased 171 percent, and gross profits increased 34 percent.

Escalade, Inc. (NASDAQ: ESCA), yet another niche company, is an Evansville-based specialty sporting goods manufacturer and distributor. Top-selling products include table tennis tables, archery bows, and residential basketball goals. This company has been in business since 1922, when it was known as the Williams Manufacturing Company. Escalade has a fully functional e-commerce website, so it reduces sales and marketing costs by keeping everything in house. Some brand names include Bear, Goalsetter, Lifeline, Goalrilla, and Goliath.
For the first quarter of 2019 Escalade reported net income of 2 cents per share and posted revenue of $32.1 million in the period.

About Edison Nation
This Charlotte-based company focuses on new product identification, development, manufacturing, marketing, and sales. Edison Nation offers a variety of innovative solutions at each point in that product life cycle. The company is committed to a risk-mitigating business model which connects forward-thinking innovators with established companies to bring exciting new products to the domestic and international market. To learn more, please visit edisonnation.com.

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Disclaimer/Disclosure: TradersNewsSource.com owned and operated by Traders News source LLC (TNS LLC) is a digital publisher of financial articles, equity research and original content, including interviews and articles. Original content created by Traders News Source is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. Our site is currently compensated for social media marketing, content creation, newsletter coverage and more. Disclosure is posted for each compensated news release, content published or created as required. For disclosure purposes this press release coverage of Edison Nation Inc. is part of an investor relations program to bring awareness to Edison Nation. TNS LLC has been compensated fifteen thousand dollars cash via bank wire by Worldwide Holdings LLC for one week of our coverage and reporting. We have not been compensated for the mention of ESCA, YETI and FNKO. TradersNewsSource.com owners, operators and employees do not hold any form of equity in any of the public companies mentioned in this article.
 

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