Sunstock, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
June 30, 2020 at 01:34 am IST
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Sunstock, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was USD 2.729 million compared to USD 867,438 a year ago. Operating loss was USD 970,711 compared to USD 4.463 million a year ago. Net income was USD 2.793 million compared to net loss of USD 11.265 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.02 a year ago.
Sunstock, Inc. is engaged in buying, selling, and distributing precious metals. The Company is primarily focused on gold. The Company operates one precious metal retail store under the Mom's Silver Shop name in Sacramento, California. The Mom's Silver Shop specializes in buying and selling gold, silver, and rare coins, and is a precious metals retailer. The Company is also engaged in acquiring mining assets as well as rights to purchase mining production and to sell these metals primarily through retail channels, including their own branded coins. The Company intends to focus on projects that already own amounts of unrefined but already mined-gold ore and other precious metals.
SUNSTOCK, INC. 
