VPR Brands, LP Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 04:17 pm
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VPR Brands, LP reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.920705 million compared to USD 1.71 million a year ago. Net income was USD 0.073733 million compared to USD 0.264786 million a year ago.
For the six months, sales was USD 1.98 million compared to USD 2.96 million a year ago. Net loss was USD 0.073508 million compared to net income of USD 0.163135 million a year ago.
VPR Brands, LP is a technology company and an intellectual property (IP) holding company. The Company is engaged in various monetization strategies of its United States patents covering electronic cigarette, vaporizer technologies, and related accessories. It designs, develops, markets, and distributes products oriented towards the cannabis markets, including the ELF and HONEYSTICK brand of vaporizers and DISSIM Lighters. It has several trademarks (ELF, HONEYSTICK, PHANTOM, RIPPER, VPOD, VAPOR X) for licensing activities. The Company is also engaged in product development for the vapor or vaping market, including e-liquids. Electronic cigarettes are electronic devices, which deliver nicotine through atomization, or vaping of e-liquids and without smoke, and other chemicals constituents typically found in traditional tobacco burning cigarette products.