Vpr Brands, Lp Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 19, 2021 at 04:23 pm
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VPR Brands, LP announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 1.709 million compared to USD 1.205 million a year ago. Operating income was USD 336,009 compared to USD 81,027 a year ago. Net income was USD 264,786 compared to net loss of USD 50,354 a year ago. For the half year, sales was USD 2.961 million compared to USD 1.804 million a year ago. Operating income was USD 339,663 compared to operating loss of USD 183,292 a year ago. Net income was USD 163,135 compared to net loss of USD 471,944 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.