Spirits Time International, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 23, 2020 at 12:54 pm EST
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Spirits Time International, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating loss was USD 10,595 compared to USD 39,219 a year ago. Net loss was USD 36,296 compared to USD 60,315 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago. For the nine months, operating loss was USD 46,328 compared to USD 124,785 a year ago. Net loss was USD 128,210 compared to USD 187,408 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.03 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. 
