Sunstock, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 21, 2021 at 02:35 am IST
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Sunstock, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 3.114 million compared to USD 2.478 million a year ago. Operating loss was USD 69,085 compared to USD 430,026 a year ago. Net loss was USD 467,222 compared to USD 362,497 a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.16 a year ago. For the half year, sales was USD 6.062 million compared to USD 5.207 million a year ago. Operating loss was USD 123,900 compared to USD 1.400 million a year ago. Net loss was USD 1.932 million compared to net income of USD 2.430 million a year ago. Basic loss per share from continuing operations was USD 0.53 compared to basic earnings per share from continuing operations of USD 1.21 a year ago. Diluted loss per share from continuing operations was USD 0.53 compared to diluted earnings per share from continuing operations of USD 0.84 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. 