Starco Brands, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 04:36 pm EST
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Starco Brands, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 767,808 compared to USD 50,034 a year ago. Operating income was USD 463,684 compared to operating loss of USD 58,664 a year ago. Net income was USD 461,916 compared to net loss of USD 61,468 a year ago. For the nine months, sales was USD 1.120 million compared to USD 228,783 a year ago. Operating income was USD 588,447 compared to operating loss of USD 104,462 a year ago. Net income was USD 583,420 compared to net loss of USD 93,166 a year ago.
Starco Brands, Inc. is a consumer goods company. The Company operates in three segments: Starco Brands, Skylar, and Soylent. The Starco Brands segment is engaged in the development and sales of consumer goods products. The Starco Brands segment includes STCB, AOS, Whipshots Holdings and Whipshots LLC. The Skylar segment is involved in the sale of fragrances. The Soylent segment is engaged in the sale of nutritional products, mainly drinks. Its brands include Whipshots, the vodka-infused whipped cream; Art of Sport, the body care brand designed for athletes; Winona, the indulgent theater-popcorn spray powered by air; Skylar, the fragrance that is both hypoallergenic and safe for sensitive skin; Whipshots; and Soylent, a non-dairy nutrition brand. It commercializes consumer products manufactured by The Starco Group (TSG). TSG is a private label and branded aerosol and liquid fill manufacturer with manufacturing assets in verticals, including paints, coatings and adhesives, and household.
STARCO BRANDS, INC. 
