Vpr Brands, Lp Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 19, 2020 at 04:33 pm EST
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VPR Brands, LP announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 993,509 compared to USD 1.435 million a year ago. Operating income was USD 38,256 compared to operating loss of USD 65,014 a year ago. Net loss was USD 102,652 compared to USD 152,521 a year ago. For the nine months, sales was USD 2.797 million compared to USD 4.334 million a year ago. Operating loss was USD 145,035 compared to USD 129,106 a year ago. Net loss was USD 574,596 compared to USD 480,058 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 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 
