Vpr Brands, Lp Reports Earnings Results for the Full Year Ended December 31, 2019
June 09, 2020 at 04:51 pm EDT
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VPR Brands, LP announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was USD 5.256 million compared to USD 4.613 million a year ago. Operating loss was USD 687,416 compared to operating Income of USD 9,482 a year ago. Net loss was USD 1.179 million compared to USD 973,740 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
VPR Brands, LP is a technology company and an intellectual property (IP) holding company. The Company is engaged in various monetization strategies of its United States patents covering electronic cigarette, vaporizer technologies, and related accessories. It designs, develops, markets, and distributes products oriented towards the cannabis markets, including the ELF and HONEYSTICK brand of vaporizers and DISSIM Lighters. It has several trademarks (ELF, HONEYSTICK, PHANTOM, RIPPER, VPOD, VAPOR X) for licensing activities. The Company is also engaged in product development for the vapor or vaping market, including e-liquids. Electronic cigarettes are electronic devices, which deliver nicotine through atomization, or vaping of e-liquids and without smoke, and other chemicals constituents typically found in traditional tobacco burning cigarette products.
VPR BRANDS, LP 
