Vapor Hub International Reports Six Month Sales at $3.257 Million; Sales Up, Gross Profit Up, Gross Margins Improve
SIMI VALLEY, Calif., Feb. 17, 2016 /PRNewswire/ — Vapor Hub International Inc. (OTC: VHUB) (www.vapor-hub.com) today announced in a 10-Q filing with the Securities and Exchange Commission that its revenues for the six months ended December 31, 2015 totaled $3.257 million, up from $2.499 million in the comparable period in 2014. Gross profit and gross margins also increased in the six month period ended December 31, 2015.
Gross profit was $1.454 million for the first six months of the fiscal year, up from $1.086 million from the comparable period last year. Gross margins increased to 54% in the three months ended December 31, 2015, up from 41% from the comparable prior year period.
The Company reported revenues for the three month period ended December 31, 2015 of $1.295 million compared to $1.127 millionin the same period in 2014. Sales increases were the result of increased wholesale distribution of VHUB products and direct distribution to retail stores.
“We are very pleased by our growing success as a public company in a short period of time,” said Kyle Winther, VHUB CEO.
About the Company
Vapor Hub International Inc. is a California-based company engaged in the development, production and sales of electronic cigarette products, including high quality e-liquids, custom mechanical mod e-cigarettes, and unique personal modifications. For more information regarding the Company, visit www.vapor-hub.com.
E & E Communications
SOURCE Vapor Hub International Inc.