Electronic Cigarettes International Group, Ltd. announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, revenue growth of 41% versus the previous quarter was driven by solid performance across all business units worldwide, and the expansion of new products, expansion to new markets, and penetration of new channels. For the quarter, total revenue was $15.9 million, a 41% increase as compared with $11.3 million in the second quarter 2014. Gross profit was $2.3 million as compared with $6.9 million in the previous quarter. Gross profit margin was 14.4% in the third quarter 2014.

For the nine months, total revenue was $31.3 million. Net loss was $43.1 million for the nine month period ended September 30, 2014. Gross profit was $10.5 million.