There is a new penny stock which is likely to become smoking hot in the coming weeks when summer ends and the big money promotions return. Having reverse merged into Teckmine Industries, Inc. (TCKM), keep a close eye out on the inaugural trading session of Victory Electronic Cigarettes Corporation (ECIG). Booking revenues of nearly $1.5 million from e-cigarettes in 2012, the first 6 months of 2013 had already surpassed that. The chances of ECIG stock coming to an inbox near you in the not-so-distant future is about as likely as the start of the NFL season to kickoff in less than 2 weeks and likely to be worth the wait.
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ECIG Stock Quote
Market Cap: 29.87M
Last (July 10): 0.56
Authorized: 100,000,000
Issued and Outstanding: 53,344,000
Officers and Directors: 22,425,000
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When you sell a product that is craved by many, you are bound to have some haters and Victory Electronic Cigarettes has them. On a website dedicated to complaining about products, pissedconsumer.com, a whole 25 people have complained about the Company claiming losses o $1,789 – Boo-friggin-hoo.
Victory Eletronic Cigarettes was started back in 2010 by co-founders Paul Simon & Marc Hardgrove. In less than 2 years since they launched their product line, the two have grown their start-up business into a mini-empire for smokers which is on pace to break $3 million in revenues this year with a projected gross profit margin of roughly $2 million or 67%.
For those familiar with ecigs, Victory’s product line is quite similar to their competitions. They offer starter kits which range from $14.99 to $99.99 with the “Mega Starter Kit”, the $99.99 one, having everything one would need to puff, puff, puff: 2 batteries, 3 chargers, 15 refills, a carrying case and a lanyard. For $40 less, one can get a regular starter kit with less of the same, or opt for the “Cheap Charlie” version for just under $20 which will get a heavy smoker by for a day or two – a real deal if you live in California.
Whether it’s regular tobacco, menthol, strawberry, blueberry, cherry, coffee, vanilla or chocolate, smokers opting for the Victory Electronic Cigarettes product line have been causing the income statement of the company to grow exponentially which is what early traders who get into ECIG stock are hoping happens to them.
For the year ended December 31, 2011, the Company booked revenues worth $33,815 for a gross profit of just $3,627, around 12%. The following year, the year ended December 31, 2012, revenues grew by 4,247.79% to $1,470,204 with gross profit growing to $775,554. roughly 53%.
With revenues for the 6 months ended June 30, 2013 already reported at $1,581,356 with gross profit of $931,037, roughly 59%, the pace of growth is dictating that the higher the revenues come in, the lower the cost of sales for those revenues are becoming. Net income for Victory Electronic Cigarettes should only be a few more quarters away.
Translation: ECIG stock is one you will be pissed if you didn’t watch out for.
About ECIG Stock
Victory Electronic Cigarettes Corporation is a development stage company focused on importing and distributing smokeless electronic cigarettes (“E-Cigarettes”) and their components via the internet and retail outlets.
Click here to view the SEC filings for ECIG.
Click here to view the website for Victory Electronic Cigarettes.
Bottom Line:
ECIG looks like it is going to be one hell of a hot penny stock in a market which is growing towards $1 billion. Since they already have a strong foothold on how to get their product to the consumer market in an efficient manner, it would behoove you to have ECIG stock on your radar and look out for the trading to commence.
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