VPR Brands, LP Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:06 pm EDT
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VPR Brands, LP reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 1.91 million compared to USD 0.920705 million a year ago. Net income was USD 0.928322 million compared to USD 0.073733 million a year ago. Basic earnings per share from continuing operations was USD 0.01. Diluted earnings per share from continuing operations was USD 0.01.
For the six months, revenue was USD 4.99 million compared to USD 1.98 million a year ago. Net income was USD 0.953636 million compared to net loss of USD 0.073508 million a year ago. Basic earnings per share from continuing operations was USD 0.01. Diluted earnings per share from continuing operations was USD 0.01.
VPR Brands, LP is a technology company with a focus on vaporizers and accessories for essential oils and extracts in the cannabis and hemp industry. The Company is engaged in various monetization strategies of its United States patents covering electronic cigarettes, vaporizer technologies, and related accessories. The Company designs, develops, markets, and distributes products oriented towards the cannabis markets, including the ELF and HONEYSTICK brands of vaporizers and DISSIM Lighters. The Company has several trademarks, including ELF, PHANTOM, HRB, VPOD, VAPOR X, RIPPER, and CARTDUB, among others, for which it is also engaged in licensing and various monetization strategies. The Company also designs, develops, markets, and distributes products (the HoneyStick brand of vaporizers and the Goldline cannabidiol (CBD) products) oriented toward the cannabis markets. The Company is also engaged in selling the DISSIM brand pocket lighters.
VPR BRANDS, LP 
