LQR House Inc. Achieves Notable Revenue Growth and Regains Nasdaq Compliance

LQR House Inc., a Miami-based e-commerce platform in the spirits industry, reported a 19.95% year-over-year revenue increase for November 2024, with a 61% surge from October to November. The company generated $384,662.12 in November, marking a $63,995.61 rise from November 2023's $320,666.51, excluding Cyber Monday sales.

CEO Sean Dollinger emphasized the significance of these figures, demonstrating LQR House's growth and adaptability in a competitive landscape. The revenue growth underscores the company's ability to leverage market dynamics during peak sales periods, such as Black Friday.

Moreover, LQR House regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing. This follows Nasdaq's earlier notice of non-compliance when the stock failed to maintain a $1.00 bid price.