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CirTran Corporation (CIRX) reported its Q1 2022 results with net sales of $691,768, an increase of 11.7% from $619,399 in Q1 2021. Gross profit rose to $459,389, marking a significant 46.9% jump compared to $312,751 in the prior year. Iehab J. Hawatmeh, the company’s president, expressed optimism for recovery in the adult lifestyle market post-pandemic, indicating consumer readiness to return to normalcy despite current inflationary pressures. CirTran is approaching its 30th anniversary, transitioning from electronics to adult lifestyle product distribution.
CirTran Corporation (OTC Pink: CIRX) has filed its Form 10-K for fiscal 2021 with the Securities and Exchange Commission. The report highlights net sales of $2,923,269, a significant 68.7% increase from $1,732,625 in 2020. Gross profit rose to $1,898,825, reflecting a 127% increase over $836,352 in the previous year. The net income for 2021 was $126,212. Despite pandemic challenges, CirTran progressed in its exclusive agreement with HUSTLER® and looks forward to continued growth in 2022.
CirTran Corporation (OTC BB: CIRX) reported a strong performance in its Form 10-Q for the quarter ended June 30, 2021, highlighting a 37% increase in net sales to $700,656 compared to the same quarter in 2020. Gross profit rose by 32% to $438,245. For the six-month period, net sales surged 149% to $1,320,055, and gross profit soared 157% to $855,996. Despite pandemic challenges, CirTran continues to expand its growth plan, particularly in adult lifestyle products under the HUSTLER® brand.
CirTran Corporation (OTC BB: CIRX) has successfully filed its Form 10-K for fiscal 2020, revealing a net profit of $532,134 and net sales of $1,732,625, a significant turnaround from a net loss of $1,227,539 in 2019. The filing also indicates an income from operations of $78,414, compared to a loss of $406,558 in the previous year. The company's founder expressed pride in overcoming challenges during the pandemic and highlighted recent milestones, including a return to OTC trading and securing exclusive agreements for product distribution.
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