Sector: Consumer Non-Cyclicals | Industry: Tobacco |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1141 Sawgrass Corporate Parkway SUNRISE FL 33323 |
Tel: | N/A |
Website: | https://vprbrands.com |
IR: | See website |
Key People | ||
Kevin Frija Chairman of the Board, Chief Executive Officer | Jonathan Pan President | Daniel Hoff Chief Operating Officer |
Business Overview |
VPR Brands, LP is a technology company with a focus on vaporizers and accessories for essential oils and extracts in the cannabis and hemp industry. The Company is engaged in various monetization strategies of its United States patents covering electronic cigarettes, vaporizer technologies, and related accessories. The Company designs, develops, markets, and distributes products oriented towards the cannabis markets, including the ELF and HONEYSTICK brands of vaporizers and DISSIM Lighters. The Company has several trademarks, including ELF, PHANTOM, HRB, VPOD, VAPOR X, RIPPER, and CARTDUB, among others, for which it is also engaged in licensing and various monetization strategies. The Company also designs, develops, markets, and distributes products (the HoneyStick brand of vaporizers and the Goldline cannabidiol (CBD) products) oriented toward the cannabis markets. The Company is also engaged in selling the DISSIM brand pocket lighters. |
Financial Overview |
For the nine months ended 30 September 2023, VPR Brands LP revenues increased from $3.2M to $8.5M. Net income totaled $3.9M vs. loss of $128K. Revenues reflect Product sales increase of 57% to $5M. Net Income reflects Settlement Income increase from $320K to $937K (income), Interest expense- related parties decrease of 80% to $28K (expense), Legal Fees related to the settlement decrease from $112K (expense) to $0K. |
Employees: | 10 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $16.20M as of Sep 30, 2023 |
Annual revenue (TTM): | $10.25M as of Sep 30, 2023 |
EBITDA (TTM): | $3.18M as of Sep 30, 2023 |
Net annual income (TTM): | $3.83M as of Sep 30, 2023 |
Free cash flow (TTM): | $2.94M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 88,804,035 as of Nov 14, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |