Revenue jumped towards the £60m mark at influencer-led fashion brand In The Style during its first year as a public company.
The Salford-headquartered business has reported a revenue of £57.3m for the 12 months to March 31, 2021, up from the £44.7m it posted for the prior year.
In a statement issued to the London Stock Exchange, the firm added its adjusted EBITDA margin is expected to be in line with guidance at 1%.
During the year, In The Style launched collaborations with 27 influencers including the likes of Jac Jossa, Lorna Luxe, Perrie Sian, Gemma Atkinson and Stacey Solomon.
It also agreed a new wholesale partnership with Asda.
Chief executive Sam Perkins said: "I am pleased to report that In The Style achieved a strong year of revenue and customer growth.
"This continues to be underpinned by the strength of our inclusive brand and our highly distinctive social-influencer collaboration model, which has the major advantage of creating real engagement with consumers in a cost-effective way.
"This creates a robust economic model, provides flexibility to respond rapidly to changing consumer trends and ultimately, positions the group well for sustainable growth.
"Whilst there are macroeconomic challenges facing all retail businesses right now, we are managing our cost base tightly.
"Given our differentiated proposition and the investments we've made in our team, technology and infrastructure during recent periods, In The Style is very well positioned to continue its impressive growth and improve its profitability during FY23."
In November 2021 In The Style's founder Adam Frisby stepped aside as chief executive to take on the new role of chief brand officer.
The business was founded in 2013 by Mr Frisby with £1,000 of seed funding from his bedroom.
The boardroom change came after In The Style floated on AIM in March 2021.
The company added: "Industry-wide challenges in the global supply chain are well documented and, as previously indicated by the group, resulted in pressure on gross margin through FY22.
"Whilst macroeconomic pressures are expected to persist over the coming months, the group's strong brand proposition and resulting pricing power has partially mitigated the impact of cost inflation on gross margin.
"Management was also encouraged that for a period in January and February 2022, prior to Russia's invasion of Ukraine, freight costs somewhat normalised.
"The board is confident that the execution of group's strategic initiatives and the strong pipeline of new influencers will maintain the strong sales momentum achieved during FY22 and improve profitability during FY23."
