Sunstock, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 01, 2019 at 05:14 pm
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Sunstock, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 2.003 million compared to USD 1,623 a year ago. Operating loss was USD 1.856 million compared to USD 325,241 a year ago. Net loss was USD 6.937 million compared to USD 18.880 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.22 a year ago. For the nine months, sales was USD 3.929 million compared to USD 12,886 a year ago. Operating loss was USD 6.475 million compared to USD 631,473 a year ago. Net loss was USD 13.026 million compared to USD 22.272 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.33 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. 
