EQUATOR Beverage Company Reports Second Quarter 2024 Financial Results
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.
La EQUATOR Beverage Company (OTCQB: MOJO) ha riportato risultati finanziari record per il secondo trimestre 2024. I punti salienti includono:
- Un aumento del fatturato del 44% a $845,321
- Un incremento del profitto lordo del 22% a $342,483
- Un margine di profitto lordo del 41%
La crescita è stata guidata dall'aumento degli spazi sugli scaffali, l'apertura di nuovi punti vendita e le vendite online. Nonostante un aumento del 300% nei costi di spedizione marittima, l'azienda ha mantenuto un approccio equilibrato alla crescita. La tendenza positiva è continuata nel terzo trimestre, con un aumento del fatturato del 94% a $568,956 fino al 7 agosto rispetto allo stesso periodo dell'anno scorso.
La compañía EQUATOR Beverage (OTCQB: MOJO) reportó resultados financieros récord para el segundo trimestre de 2024. Los aspectos destacados incluyen:
- Los ingresos aumentaron un 44% a $845,321
- El beneficio bruto subió un 22% a $342,483
- El margen de beneficio bruto fue del 41%
Este crecimiento fue impulsado por un incremento en el espacio en estantes, nuevos puntos de venta y ventas en línea. A pesar de un aumento del 300% en los costos de envío marítimo, la compañía mantuvo un enfoque equilibrado hacia el crecimiento. La tendencia positiva continuó en el tercer trimestre, con un aumento del 94% en los ingresos, alcanzando $568,956 hasta el 7 de agosto en comparación con el mismo periodo del año pasado.
EQUATOR 음료 회사 (OTCQB: MOJO)는 2024년 2분기 재무 실적에서 기록적인 성과를 보고했습니다. 주요 내용은 다음과 같습니다:
- 수익이 44% 증가하여 $845,321에 도달
- 총 이익이 22% 증가하여 $342,483에 도달
- 총 이익률은 41%
성장은 선반 공간 증가, 새로운 판매 지점 및 온라인 판매에 의해 촉진되었습니다. 해상 운송 비용이 300% 증가했음에도 불구하고 회사는 균형 잡힌 성장 접근 방식을 유지했습니다. 긍정적인 추세는 3분기에도 계속되어, 8월 7일까지 작년 같은 기간에 비해 수익이 94% 증가한 $568,956에 달했습니다.
La société EQUATOR Beverage (OTCQB: MOJO) a annoncé des résultats financiers record pour le deuxième trimestre 2024. Les points saillants incluent :
- Une augmentation des revenus de 44% à $845,321
- Un bénéfice brut en hausse de 22% à $342,483
- Une marge de bénéfice brut de 41%
Cette croissance a été stimulée par une augmentation de l'espace en rayon, de nouveaux points de vente et des ventes en ligne. Malgré une hausse de 300% des coûts d'expédition maritime, l'entreprise a maintenu une approche équilibrée pour sa croissance. La tendance positive s'est poursuivie au troisième trimestre, avec une augmentation des revenus de 94% à $568,956 jusqu'au 7 août par rapport à la même période de l'année dernière.
Die EQUATOR Beverage Company (OTCQB: MOJO) berichtete von rekordverdächtigen Finanzergebnissen im zweiten Quartal 2024. Die Höhepunkte sind:
- Der Umsatz stieg um 44% auf $845,321
- Der Bruttogewinn erhöhte sich um 22% auf $342,483
- Die Bruttogewinnmarge betrug 41%
Das Wachstum wurde durch steigende Regalmengen, neue Verkaufsstellen und Online-Verkäufe vorangetrieben. Trotz eines Anstiegs der Schiffskosten um 300% behielt das Unternehmen einen ausgewogenen Ansatz für das Wachstum bei. Der positive Trend setzte sich im 3. Quartal fort, wobei der Umsatz bis zum 7. August um 94% auf $568,956 im Vergleich zum gleichen Zeitraum des Vorjahres stieg.
- Record Q2 2024 revenue of $845,321, up 44% year-over-year
- Record Q2 2024 gross profit of $342,483, up 22% year-over-year
- Gross profit margin of 41% despite increased shipping costs
- Significant gain in shelf space and new points of sale
- Q3 2024 revenue through August 7th up 94% compared to the same period last year
- 300% increase in ocean shipping costs impacting profitability
Record second quarter revenue of
Record second quarter gross profit of
Jersey City, New Jersey--(Newsfile Corp. - August 8, 2024) - EQUATOR Beverage Company (OTCQB: MOJO), maker of MOJO Energy and MOJO Coconut Water premium lifestyle functional beverages, today reported record second quarter 2024 financial results. The Form 10Q was filed on August 5, 2024 with the US Securities and Exchange Commission.
Glenn Simpson, Chairman & CEO of EQUATOR Beverage Company, said, "EQUATOR Beverage had its highest second quarter revenue. Driving revenue was a significant gain in shelf space and new points of sale. Unit cases sold increased proportionally to the increase in sales revenue. Our solid
The company reports financial results in accordance with generally accepted accounting principles in the United States ("GAAP"). Management believes that disclosure of Taxable Income, a non-GAAP financial measure, may provide users with additional insights into operating performance. Taxable Income excludes charges for the issue of common stock to officers and directors.
FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER 2024
Revenue for the second quarter increased
This marks the third quarter of consecutive revenue growth year over year.
This growth has continued in the first half of Q3 through August 7th with revenue of
Contact:
Glenn Simpson Chairman & CEO
EQUATOR Beverage Company
917 574 1690
GlennSimpson@EquatorBeverage.Com
Symbol Ticker: MOJO
Website: www.equatorbeverage.com
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219241
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