Samsara Luggage, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 07:10 am EST
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Samsara Luggage, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.235 million compared to USD 0.11 million a year ago. Net loss was USD 0.469 million compared to USD 0.547 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.39 a year ago.
For the nine months, sales was USD 0.378 million compared to USD 0.294 million a year ago. Net loss was USD 1.7 million compared to USD 3.02 million a year ago. Basic loss per share from continuing operations was USD 0.67 compared to USD 2.67 a year ago.
Samsara Luggage, Inc. is engaged in designing, manufacturing, and selling smart luggage products to meet the needs of frequent travelers. It offers products, including suitcases, bags and travel accessories. Its suitcases products offer carry-on, grand carry-on, checked and aluminum, including carry-on yellow, carry-on white, grand carry-on black, tag smart aluminum silver, grand carry-on white, checked white, carry-on black, checked black, grand carry-on yellow, checked yellow, tag smart aluminum matte black. Its smart components of the suitcase include a liquid emitting diode light control inside the suitcase and an alert system that informs the owner of the suitcase's location if the suitcase is opened. It offers bag products, including laptop bags, travel bags, weekenders, urban slings, and packing bag sets. Its travel accessories include swing crossbody ivory, transit puffer tote silver, urban sling black, hydra water bottle, transit puffer tote black and samsara power bank.