Vpr Brands, Lp Reports Earnings Results for the First Quarter Ended March 31, 2021
May 19, 2021 at 04:15 pm EDT
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VPR Brands, LP announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 1.252 million compared to USD 598,633 a year ago. Operating income was USD 3,654 compared to operating loss of USD 264,319 a year ago. Net loss was USD 101,651 compared to USD 421,590 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.