Sunstock, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2020
November 24, 2020 at 07:08 am EST
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Sunstock, Inc. announced earnings results for the third quarter and nine months ended September 30, 2020. For the quarter, the company's sales was USD 2.533 million compared to USD 2.003 million a year ago. Operating income was USD 1,877 compared to operating loss of USD 1.856 million a year ago. Net income was USD 94,878 compared to net loss of USD 6.937 million 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, the company's sales was USD 7.741 million compared to USD 3.929 million a year ago. Operating loss was USD 1.398 million compared to USD 6.475 million a year ago. Net income was USD 2.525 million compared to net loss of USD 13.026 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.02 a year ago.
Sunstock, Inc. is engaged in buying, selling, and distributing precious metals. The Company is primarily focused on gold. The Company operates one precious metal retail store under the Mom's Silver Shop name in Sacramento, California. The Mom's Silver Shop specializes in buying and selling gold, silver, and rare coins, and is a precious metals retailer. The Company is also engaged in acquiring mining assets as well as rights to purchase mining production and to sell these metals primarily through retail channels, including their own branded coins. The Company intends to focus on projects that already own amounts of unrefined but already mined-gold ore and other precious metals.
SUNSTOCK, INC. 
