Welcome to our dedicated page for BERGIO INTL news (Ticker: BRGO), a resource for investors and traders seeking the latest updates and insights on BERGIO INTL stock.
Bergio International, Inc. (BRGO) is an American holding company based in Fairfield, New Jersey, primarily operating in the technology, fine jewelry, and fashion jewelry sectors. With recent acquisitions like Aphrodite's and Gearbubble, Bergio has made significant strides in the technology space, focusing on A.I., WEB3, blockchain, AR/VR, and apps. Led by CEO Berge Abajian, Bergio is positioning itself as a leader in innovation and design, offering high-quality, handcrafted jewelry and accessories that exemplify European sensibilities and Italian craftsmanship.
Bergio International (OTC PINK:BRGO) reported significant growth in its unaudited financial results for Q4 and the year ending 2021. Gross sales surged to $5.536 million in Q4, marking an increase of approximately 1,800% from the previous year. Year-end gross sales totaled $10.998 million, also showing a 1,800% rise. Despite stable gross profit margins, the company reported a net income of $410,402 in Q4, a 1,521% increase, but posted an annual loss of ($554,937), worsening from a loss of ($148,350) in 2020. CEO Berge Abajian expressed optimism for future growth.
Bergio International has fully repaid a $500,000 note to Trillium, enhancing its balance sheet and stockholder equity. The funds were used for two strategic acquisitions, Aphrodite's and Gearbubble, which significantly boosted the brand's portfolio and sales. The CEO, Berge Abajian, highlighted that the repayment reduces dilution and positions the company for conventional financing opportunities in 2022. Bergio anticipates continued growth, building on record sales and a solid business outlook for the current year.
Bergio International (OTC PINK: BRGO) reported remarkable growth in 2021. The company expanded its sales channels, including successful entries into Amazon, Etsy, and Walmart, significantly increasing sales and lowering ad spend from 54% to 41.5%. Key acquisitions of Aphrodite's and Gearbubble enhanced their market position. As they prepare for 2022, launching a dedicated fine jewelry website and further strategic acquisitions are in focus. Bergio aims to establish itself as a leader in the eCommerce jewelry space, driven by improved supply-chain management and innovative marketing strategies.
Bergio International (OTC PINK:BRGO) reported impressive financial results for Q3 2021, with gross sales of $2.175 million, a 1,483% increase from $137,340 in the previous year. Gross profit soared 605% from $108,245 to $764,169. Year-to-date sales reached $5.46 million, a 1,779% rise. The company anticipates a strong close to 2021, leveraging eCommerce platforms and strategic acquisitions. Total stockholder equity improved significantly, reflecting healthy financial positioning amidst ongoing operational optimizations.
Bergio International (OTC PINK:BRGO) announced the successful launch of its jewelry brand, Aphrodite's, on Etsy, rapidly increasing revenue by 5 times and store sales by 18 times. Targeting a key demographic of women aged 18-34, Aphrodite's offers personalized jewelry products designed by skilled artisans. The company aims to capture a share of the $2.67 trillion global eCommerce market, leveraging a diversified distribution strategy and a focus on customer experience. Significant growth is expected as they enter the final quarter of 2021.
Bergio International (OTC PINK:BRGO) has reported promising sales growth for its Aphrodite's brand on Amazon, achieving over 20% of total store revenue since its launch. The company plans to expand further into other international Amazon markets and has significantly increased its product offerings in preparation for the holiday season. Bergio's CEO emphasized the importance of Amazon in diversifying revenue streams and owning the customer experience. The company recently acquired Aphrodite's for $5 million and is finalizing a new facility in Armenia to enhance production capabilities.
Bergio International (OTC PINK:BRGO) has launched its fashion jewelry brand, Aphrodite's, on eBay, expanding its distribution channels ahead of the crucial Q4 sales season. This strategic move aims to tap into eBay's 159 million customers globally, enhancing Aphrodite's market presence. The company anticipates bolstered revenue from this platform, mirroring past successes on Amazon and Etsy. Additionally, Bergio is finalizing a 50% ownership of a new manufacturing facility in Armenia to further streamline operations. The CEO emphasizes a commitment to superior customer experiences and achieving annual revenue goals.
Bergio International, Inc. (OTC PINK: BRGO) has launched its limited-edition jewelry collection, "You Are Gold," from its DTC brand Aphrodite's. This collection features 12 solid gold pendants and aims to cater to the 35- to 55-year-old demographic. CEO Berge Abajian highlighted the collection's role in entering the $2.2 billion solid gold market, projected to grow to $2.9 billion by 2027. The launch is strategically timed for the holiday season, enhancing Aphrodite's positioning in the fine jewelry sector, with an upcoming presentation at the Emerging Growth Conference on October 13.
Bergio International, Inc. (OTC PINK: BRGO) announced the expansion of its jewelry manufacturing in Armenia to meet growing consumer demand in Q4. The company anticipates at least double its year-to-date sales during the 'Golden Quarter' of eCommerce. CEO Berge Abajian is finalizing the acquisition of a jewelry manufacturer to strengthen its vertical manufacturing capabilities. This move aims to improve supply chain management and operational costs, enabling faster production and product launches. Bergio's recent acquisitions of Aphrodite's and GearBubble further support its growth strategy.
Bergio International, Inc. (OTC PINK:BRGO) has partnered with PDOCS Labs Ventures to enhance digital marketing capabilities. This collaboration follows significant acquisitions, including online retailer Aphrodite's and Gearbubble, aimed at transforming the jewelry industry through advanced data science and innovative technologies. The partnership is expected to lower customer acquisition costs and drive significant growth, projecting a remarkable 20X increase over the previous year. CEO Berge Abajian will discuss the company's vision at the Emerging Growth Conference on October 13, 2021.
FAQ
What is the market cap of BERGIO INTL (BRGO)?
Where is Bergio International, Inc. headquartered?
What sectors does Bergio International operate in?
What recent acquisitions has Bergio International made?
Who is the CEO of Bergio International?
What products does Bergio International offer?
What is the history of Bergio International?
What is Bergio International's focus in terms of growth and innovation?
What sets Bergio International apart in the jewelry industry?
What recent developments have occurred at Bergio International?
How does Bergio International plan to reshape the e-commerce landscape?
