PR Newswire
SIMI VALLEY, Calif., Feb. 17, 2016
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 million in 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.
Contact
Paul Knopick
E & E Communications
940.262.3584
pknopick@eandecommunications.com
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SOURCE Vapor Hub International Inc.