EQUATOR Beverage Company Reports October 2023 Results

Rhea-AI Summary

EQUATOR Beverage Company reports its results of operations for October 2023. Net Revenue increased by 47% compared to the same period last year. Gross Margin was $74,006, a 40% improvement from last year. Taxable Income saw a $28,396 improvement. Trailing 12 month revenue for 2023 is $2,190,964, a $322,902 improvement from 2022. EQUATOR repaid $50,000 in loans, bringing the outstanding balance down to $190,000.

JERSEY CITY, NJ / ACCESSWIRE / November 1, 2023 / EQUATOR Beverage Company (OTCQB:MOJO) reports its results of operations for the month ended October 31, 2023.

Highlights include:

• October 2023 Net Revenue was $184,327, up from $125,182 for the same period last year. This was a 59,145 increase or 47%.
• October 2023 Gross Margin was $74,006 or 40% of Net Revenue an increase of $32,088 over the same period last year. The Gross Margin Percentage was 40% which was an improvement from 33% for the same period last year.
• October 2023 Taxable Income was $7,812 a $28,396 improvement from last year.
• The trailing 12 month revenue for 2023 is $2,190,964 compared to trailing 12 month revenue for 2022 of $1,868,062. This is a $322,902 improvement.

During the period, EQUATOR repaid $50,000 in loans from officers bringing the outstanding balance down to $190,000.

EQUATOR continues to seek opportunities to repurchase shares of its common stock that are restricted from sale or publicly traded. Please call EQUATOR at 929 264 7944 if you would like to sell your shares.

For additional information contact:
Glenn Simpson CEO
EQUATOR Beverage Company
917 574 1690
Symbol Ticker: MOJO
Website: www.equatorbeverage.com

Important Cautions Regarding Forward-Looking Statements
This press release contains forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended and such section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision. The words 'estimate,' 'possible' and 'seeking' and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risk.

SOURCE: Equator Beverage Company

View source version on accesswire.com:
https://www.accesswire.com/798239/equator-beverage-company-reports-october-2023-results

FAQ

What is the net revenue for EQUATOR Beverage Company in October 2023?

The net revenue for EQUATOR Beverage Company in October 2023 was $184,327, a 47% increase compared to the same period last year.

What is the gross margin for EQUATOR Beverage Company in October 2023?

The gross margin for EQUATOR Beverage Company in October 2023 was $74,006, which is 40% of the net revenue and an improvement from last year.

What is the taxable income for EQUATOR Beverage Company in October 2023?

The taxable income for EQUATOR Beverage Company in October 2023 was $7,812, a $28,396 improvement from last year.

What is the trailing 12 month revenue for EQUATOR Beverage Company in 2023?

The trailing 12 month revenue for EQUATOR Beverage Company in 2023 is $2,190,964, a $322,902 improvement from 2022.

How much did EQUATOR Beverage Company repay in loans during the period?

EQUATOR Beverage Company repaid $50,000 in loans during the period, bringing the outstanding balance down to $190,000.

How can I sell my shares of EQUATOR Beverage Company?

To sell your shares of EQUATOR Beverage Company, you can call them at 929 264 7944.