NetworkNewsBreaks – VPR Brands LP (VPRB) Reports
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Posted On: 08/20/2019 6:43:12 PM
NetworkNewsBreaks – VPR Brands LP (VPRB) Reports Increased Revenues, Narrowed Net Loss During Q1 2019
Innovative technology holding company VPR Brands LP (OTC: VPRB) recently posted financial results for the first quarter 2019, highlighting increased revenues and a reduced net loss as compared to 2018. A recent article discussing the company reads, “In addition to increasing its quarterly revenues approximately 31% year-over-year to $1.3 million, the company slightly lowered its net loss, from approximately $149,000 in 2018 to approximately $138,000 in 2019. The company continues to maintain strong gross operating margins above 40% as well. ‘[This year] is off to a solid start so far, and we are setting the company’s pace, which will allow us to remain focused on sustainable manageable growth,’ VPR Brands CEO Kevin Frija added (http://nnw.fm/5EGJx). . . . ‘I am very pleased with the increased sales performance we achieved in the first quarter of 2019 as we continue to fine tune our operational efficiencies,’ Dan Hoff, COO of VPR Brands LP, stated. He commented on the success of cannabis vapes and CBD products as being integral to the company’s continued growth, as VPR Brands maintains a product portfolio heavily weighted toward these products.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Innovative technology holding company VPR Brands LP (OTC: VPRB) recently posted financial results for the first quarter 2019, highlighting increased revenues and a reduced net loss as compared to 2018. A recent article discussing the company reads, “In addition to increasing its quarterly revenues approximately 31% year-over-year to $1.3 million, the company slightly lowered its net loss, from approximately $149,000 in 2018 to approximately $138,000 in 2019. The company continues to maintain strong gross operating margins above 40% as well. ‘[This year] is off to a solid start so far, and we are setting the company’s pace, which will allow us to remain focused on sustainable manageable growth,’ VPR Brands CEO Kevin Frija added (http://nnw.fm/5EGJx). . . . ‘I am very pleased with the increased sales performance we achieved in the first quarter of 2019 as we continue to fine tune our operational efficiencies,’ Dan Hoff, COO of VPR Brands LP, stated. He commented on the success of cannabis vapes and CBD products as being integral to the company’s continued growth, as VPR Brands maintains a product portfolio heavily weighted toward these products.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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