Vpr Brands, Lp Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 03:32 pm
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VPR Brands, LP announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 1.205 million compared to USD 1.581 million a year ago. Operating income was USD 81,027 compared to operating loss of USD 38,509 a year ago. Net loss was USD 50,354 compared to USD 188,853 a year ago. For the half year, sales was USD 1.804 million compared to USD 2.899 million a year ago. Operating loss was USD 183,292 compared to USD 64,092 a year ago. Net loss was USD 471,944 compared to USD 327,537 a year ago. Basic loss per share from continuing operations was USD 0.01.
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.
VPR BRANDS, LP 