Innovative technology holding company VPR Brands LP (OTC: VPRB) on Monday announced its first quarter 2019 financial results. According to the update, VPR Brands increased its quarterly revenues approximately 31% year over year to $1.3 million, slightly lowered its net loss from approximately $149,000 in 2018 to approximately $138,000 in 2019 and continues to maintain above 40% gross operating margins. “2019 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 said in the news release. “We continue to invest in inventory and new products to be able to keep up with increased demand.”
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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. 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) 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, visit the company’s website at www.VPRBrands.com.
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