Blue Line Protection Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 01:31 pm EDT
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Blue Line Protection Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.984811 million compared to USD 1.25 million a year ago. Net income was USD 0.185951 million compared to USD 2.8 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.33 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.27 a year ago.
For the six months, sales was USD 1.99 million compared to USD 2.42 million a year ago. Net income was USD 0.03574 million compared to USD 0.863119 million a year ago.
Blue Line Protection Group, Inc. provides armed protection and transportation, currency processing and training, and compliance services for businesses engaged in the legal cannabis industry. The Company provides logistics, and compliance services for businesses engaged in the legal cannabis industry. The Company offers asset logistic services, such as armed transportation service, including shipment protection, money escorts, asset vaulting, financial services, such as handling transportation and storage of currency; training; and compliance services. It offers a fully integrated approach to managing the movement of cannabis and cash from growers through dispensaries via armed and armored transport, currency processing, vaulting and related credit. It supplies asset protection via armored transportation and currency processing services to licensees in Colorado, Arizona, Nevada, and New Mexico, out of its two business locations.