Hometown International, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 05, 2020 at 04:08 pm EST
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Hometown International, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 1,894 compared to USD 5,225 a year ago. Operating loss was USD 177,978 compared to USD 24,447 a year ago. Net loss was USD 176,909 compared to USD 30,980 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.01 a year ago. For the nine months, sales was USD 5,471 compared to USD 14,038 a year ago. Operating loss was USD 431,784 compared to USD 103,755 a year ago. Net loss was USD 439,615 compared to USD 123,275 a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.02 a year ago.
Makamer Holdings, Inc. is a bioplastic technologies company. The Company specializes in the development of hemp-based polymers that are fully composable within four months and leave no trace toxins or microplastics behind. The Companyâs proprietary hemp-based resin was developed in order to provide alternatives to non-compostable food packaging materials on the market. Its resin can be utilized to produce a range of products that would replace polyethylene plastic bags, polypropylene cups, recycled polyethylene terephthalate (rPET) water bottles, and many other products. The Company through its wholly owned subsidiary, Your Hometown Deli, LLC (Your Hometown Deli), operates a delicatessen store that features home-style sandwiches and other entrees in a casual and friendly atmosphere. The store is designed to offer local patrons of all ages with a comfortable community gathering places.
HOMETOWN INTERNATIONAL, INC. 
