Buyers Galore for OraLabs

The stock jumps 80% after it posts a quarterly profit and an increase in revenue.
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OraLabs Holding

(OLAB)

saw its shares bolt ahead Monday following the announcement that it swung to a profit in the latest second quarter.

The company had revenue of $4.4 million and earnings of 10 cents a share in the quarter. A year ago, OraLabs had a top line of $2.5 million and a small loss.

Recently, OraLabs' stock was higher by $2.70, or 81%, to $6.02.

Volume of 1.5 million shares was more than 20 times the number traded on a normal day. The company's shares have been between $1.50 and $8.97 in the past year.

OraLabs attributed the 73% increase in revenue primarily to improved customer demand and higher sales at the retail level. The company's products include Ice Drops oral-care products, Sour Zone brand items and various lip balms.