Spirits Time International, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 23, 2021 at 11:18 am EDT
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Spirits Time International, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced operating loss was USD 28,580 compared to USD 20,529 a year ago. Net loss was USD 54,873 compared to USD 45,673 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the half year, operating loss was USD 39,447 compared to USD 35,733 a year ago. Net loss was USD 91,461 compared to USD 91,914 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
Spirits Time International, Inc. is engaged in developing a portfolio of beverage (alcoholic and non-alcoholic) product brands and in distributing and marketing beverage products nationally and internationally. Its first product is the Tequila Alebrijes brand of tequila. The Company has obtained the trademark for this brand and the rights to market and distribute Tequila Alebrijes products. The Company intends to acquire brand and marketing rights for beverage products and thereafter commercialize its products either directly by selling to retailers and point of sale locations or through brand management agreements and/or distribution agreements with other companies involved in the beverage distribution business. Its tequila is available in three styles: tequila blanco, tequila reposado, and tequila anejo. The Companyâs product is offered in a 750-milliliter (ML) bottle size and has an approximately 40% alcohol percentage.
SPIRITS TIME INTERNATIONAL, INC. 
