Hometown International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 02:18 pm EST
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Hometown International, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 0.002387 million compared to USD 0.001894 million a year ago. Net loss was USD 0.104314 million compared to USD 0.176909 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago.
For the nine months, sales was USD 0.01398 million compared to USD 0.005471 million a year ago. Net loss was USD 0.384568 million compared to USD 0.439615 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.06 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. 
