VPR Brands (OTC: VPRB), a market-leading supplier and patent holder for electronic cigarettes or vaporizers for nicotine, cannabis and cannabidiol (“CBD”) and other related accessories, has released its first quarter 2021 financial results. The report was highlighted by an increase in quarterly revenues of approximately 209% over the same quarter last year, totaling $1.25 million, along with a reduction in net loss from $421,590 in 2020 to $101,651 in 2021. The report also noted that VPR Brands was able to strengthen its gross operating margins to 43% in Q1 2021 compared with 35% in Q1 2020. The report noted that the company made significant progress in regaining revenues lost because of COVID-19; the company pointed to increases in its direct-to-customer business and the addition of Dissim Lighters to its portfolio as key components to its ability to trend upward. “We are back in business,” said VPR Brands CEO Kevin Frija in the press release. “After a difficult year in 2020 due to circumstances beyond our control, we are grateful to be able to come back strong and continue where we left off in 2019 and we look forward to the rest of 2021 and beyond.”
To view the full press release, visit https://ibn.fm/uock5
About VPR Brands LP
VPR Brands is a technology company whose assets include issued U.S. and Chinese patents for atomization-related products including technology for medical marijuana vaporizers and electronic cigarette products and components as well as lighters. The company is also engaged in product development for the vapor or vaping market, including e-liquids, vaporizers and electronic cigarettes (also known as e-cigarettes), which are devices that deliver nicotine and/or cannabis through atomization or vaping, and without smoke and other chemical constituents typically found in traditional products. For more information about the company, visit www.VPRBrands.com.
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment