Sunstock, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
September 29, 2020 at 10:25 pm
Share
Sunstock, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 2.478 million compared to USD 1.058 million a year ago. Operating loss was USD 430,026 compared to USD 155,669 a year ago. Net loss was USD 362,497 compared to net income of USD 5.175 million a year ago. For the half year, sales was USD 5.207 million compared to USD 1.926 million a year ago. Operating loss was USD 1.400 million compared to USD 4.619 million a year ago. Net income was USD 2.430 million compared to net loss of USD 6.089 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.
SUNSTOCK, INC. 
