QualityStocksNewsBreaks – VPR Brands LP (VPRB) Releases Q1 2021 Financial Results, Notes 209% Revenue Increase over Q1 2020
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…