Jupiter Wellness, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:06 pm
Share
Jupiter Wellness, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 2.37 million compared to USD 3 million a year ago. Net loss was USD 0.359591 million compared to USD 1.44 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.07 a year ago.
For the six months, sales was USD 3.49 million compared to USD 3.72 million a year ago. Net loss was USD 1.67 million compared to USD 4.36 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.19 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to USD 0.19 a year ago.
Safety Shot, Inc. is a wellness and functional beverage company. The Company is launching its Safety Shot, a patented beverage, which reduces blood alcohol content and boosting clarity. Safety Shot is an over-the-counter drink that can lower blood alcohol content to allow recovery from the effects of alcohol at a rate faster than would occur normally. Its product pipeline includes a range of products, such as hair loss treatments, eczema creams, vitiligo solutions, and sexual wellness products, that cater to different health and wellness needs. Its products are available through various retailers and e-commerce platforms. Additionally, the Company collaborate with other companies to license its intellectual property. The Company is also advancing various formulations to address psoriasis and vitiligo (Photocil), increase the effectiveness of minoxidil to treat hair loss (JW-700 minoxidil booster), womenâs sexual wellness (JW-500), and jellyfish sting prevention sunscreen (NoStingz).