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EQUATOR Beverage Company (MOJO) operates in the product development, production, marketing, distribution, and sale of beverages. Their flagship product is Mojo Pure Coconut Water, along with other varieties like sparkling coconut water and coconut water + mango juice. Headquartered in Jersey City, New Jersey, the company focuses on repurchasing shares and seeking growth opportunities.
EQUATOR Beverage Company (MOJO) reported strong Q4 2024 financial results, with revenue reaching $699,293, up 38% year-over-year from $508,213. Gross profit increased to $260,083, up 18% from $220,243 in the prior year quarter, representing a 37% gross margin despite a 161% increase in ocean shipping costs.
The growth was primarily driven by increased grocery store shelf space, online sales, and sustained consumer demand. For the full year 2024, revenue totaled $3,246,913 compared to $2,288,272 in 2023. The company projects revenue of $650,000 for the first two months of 2025, representing a 76% increase from the same period last year.
EQUATOR Beverage Company (MOJO) reported strong Q3 2024 financial results, with revenue increasing 57% to $1,061,645 compared to $675,947 in the prior year. The company achieved a gross profit of $357,275, up 16% year-over-year, and net income grew 228% to $69,027. Growth was driven by expanded grocery store shelf space and online sales. For the nine months ended September 30, 2024, revenue reached $2,547,620, up from $1,780,059 in the previous year. October 2024 revenue was $282,097, marking a 31% increase from the previous year.
EQUATOR Beverage Company (OTCQB: MOJO) reported record second quarter 2024 financial results. Highlights include:
- Revenue increased 44% to $845,321
- Gross profit rose 22% to $342,483
- Gross profit margin was 41%
The growth was driven by increased shelf space, new points of sale, and online sales. Despite a 300% increase in ocean shipping costs, the company maintained a balanced approach to growth. The positive trend continued into Q3, with revenue up 94% to $568,956 through August 7th compared to the same period last year.
EQUATOR Beverage Company (OTCQB: MOJO) reported its Q1 2024 financial results, showing a 24% revenue increase to $640,653 from the same period last year. Gross margin increased to 42% of revenue due to higher sales of one-liter products, while net loss was $103,020 compared to net income of $4,485 in Q1 2023, attributed to higher executive compensation and selling expenses.
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