CirTran Q2 Revenue Jumps 596% to $1.17M, Second Straight Operating Profit
CIRX has more than doubled off its 52-week low of $0.005.
Summary
CirTran reported Q2 net sales of $1.17M, up 595.6% year over year, driven by vapor product demand and expanded retail distribution. Operating income hit $160,628, the second consecutive profitable quarter, versus a $193K loss a year ago. Net loss from continuing operations narrowed 81.8% to $95,517. The company also booked $2.27M in income from discontinued operations in the first half, mainly from extinguishing time-barred debt, pushing first-half net income to $2.11M. This follows the 10-Q filed yesterday, which flagged going concern risk and ineffective controls—so the operating turnaround is real but the balance sheet remains fragile. Watch whether the vapor product momentum sustains into Q3 and whether the company addresses the going concern warning.
At the time of this announcement, CIRX was trading at $0.04 on OTC in the Trade & Services sector, with a market capitalization of approximately $207.7K. The 52-week trading range was $0.00 to $0.10. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.