BuildDirect, the online building materials seller, recorded a big jump in sales in Q2, reaching $23.4 million, an increase of 79 percent compared to the second quarter of 2020. The gain was due largely to the reverse takeover of FloorSource at the end of 2020, along with an increase in customer demand for building supplies. Gross profit increased 70 percent to $8.8 million.
The Vancouver-based company, which recently went public, expects annual revenues to reach between $90 and $98 million this year.
