Sunstock, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 24, 2021 at 10:02 pm
Share
Sunstock, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 2.948 million compared to USD 2.729 million a year ago. Operating loss was USD 54,815 compared to USD 970,711 a year ago. Net loss was USD 1.465 million compared to net income of USD 2.793 million 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.