Why e-cigarette play Vapor Corp Shares are Down
Vapor Corp (VPCO) just reported Q2 2014 results and it was not good enough for Wall Street. As a result VPCO shares have shed 1/4 of their value in a heartbeat.
VPCO shares have lost 25% or $1, now trading around $3.15 and even feel below the $3 line today to $2.91. The reason is Vapor Corp missed estimates by a mile. Revenue for the quarter came in at $6.1 million, which missed the Street by $1.9 million. That makes for a -1.6% year over year decline in revenue for the company.
Net loss for the quarter ended June 30, 2014 was $1.1 million compared with a net loss of $54,650 for the quarter ended June 30, 2013.
At June 30, 2014, the Company had cash of $3.3 million compared to $6.6 million at December 31, 2013, a decrease of $3.3 million.
Bottom line: Today VPCO hit a new 52-week low. As much as we believe this company and the entire e-cigarette industry is a great investment (i.e.Vapor is replacing Smoke: How to cash in on the Trend), let the dust settle on this stock before taking a bite.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- “The Fly” is Back! | iBankCoin.com
- Philly Fed Hovers Near 15-Month Lows, Prices Paid Collapse Most Since Lehman | ZeroHedge
- ETSY Crashes Over 55% From Highs, Breaks Below IPO Price | ZeroHedge
- It’s Time to Hold More Cash and Buy Gold | ZeroHedge
- Artist's Rendering Of Obama's Iraq Strategy | ZeroHedge
- 572 Reasons Why The Fed Is Terrified To Hike: "One Rate Cut Every Three Trading Days" | ZeroHedge
- Did The Sell-Side "Hopers" Just Give Up? | ZeroHedge
The most relevant financial news and articles from the Internets
- Merkel says still 'a lot to do' for Greek debt deal | Business Insider
- Suze Orman, Debit-Card Dealer | BusinessWeek
- Manufacturing activity slows in May | Business Insider
- This iPhone app guesses your age to tell you how old you look | Business Insider
- Undrafted Australian player who's making $800,000 has become one of the... | Business Insider
- German rail strike called off: operator | Business Insider
- Earliest tools dated to 3.3 million years ago | Business Insider