Innovative technology holding company VPR Brands LP (OTC: VPRB) this morning announced its 2018 full-year financial results. According to the update, the company increased its full-year revenues to approximately $4.6 million while reversing its operating loss of over $888,000 into positive territory above $9,000. In addition, the company’s full-year 2018 gross operating margins of 41 percent reflected a nearly 20 percent increase from 2017. “We have all tirelessly worked to build a strong foundation and prove we are capable of maintaining consistent and sustainable growth and still be mindful of financial performance,” VPR Brands CEO Kevin Frija stated in the news release. “I want to thank Dan Hoff and our whole team for all the hard work and for being part of our continued success.”
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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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