EQUATOR Beverage Company Reports Third Quarter 2024 Financial Results
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 (MOJO) ha riportato risultati finanziari solidi per il terzo trimestre del 2024, con un incremento del fatturato del 57% a $1,061,645 rispetto a $675,947 dell'anno precedente. L'azienda ha raggiunto un utile lordo di $357,275, in aumento del 16% rispetto all'anno precedente, e l'utile netto è cresciuto del 228% arrivando a $69,027. La crescita è stata alimentata dall'aumento dello spazio sugli scaffali dei negozi di alimentari e dalle vendite online. Per i nove mesi terminati il 30 settembre 2024, il fatturato ha raggiunto $2,547,620, in aumento rispetto a $1,780,059 dell'anno precedente. Il fatturato di ottobre 2024 è stato di $282,097, segnando un aumento del 31% rispetto all'anno scorso.
EQUATOR Beverage Company (MOJO) reportó sólidos resultados financieros para el tercer trimestre de 2024, con un aumento del 57% en los ingresos a $1,061,645 en comparación con $675,947 del año anterior. La compañía logró una ganancia bruta de $357,275, un incremento del 16% interanual, y el ingreso neto creció un 228% alcanzando $69,027. Este crecimiento fue impulsado por una mayor presencia en los estantes de las tiendas de comestibles y las ventas en línea. En los nueve meses finalizados el 30 de septiembre de 2024, los ingresos alcanzaron $2,547,620, en comparación con $1,780,059 del año anterior. Los ingresos de octubre de 2024 fueron de $282,097, lo que representa un aumento del 31% respecto al año pasado.
이쿼터 음료 회사 (MOJO)는 2024년 3분기 재무 결과가 강력하다고 보고했으며, 수익이 전년 대비 57% 증가한 $1,061,645에 달했습니다. 이 회사는 $357,275의 총 이익을 달성했으며, 이는 전년 대비 16% 증가한 수치입니다. 순이익은 $69,027로 228% 증가했습니다. 성장은 식료품점의 선반 공간 확대와 온라인 판매 증가에 의해 촉진되었습니다. 2024년 9월 30일 기준으로 9개월 동안의 수익은 $2,547,620에 달했으며, 이는 전년의 $1,780,059에서 증가한 것입니다. 2024년 10월의 수익은 $282,097로, 전년 대비 31% 증가했습니다.
EQUATOR Beverage Company (MOJO) a rapporté de solides résultats financiers pour le troisième trimestre de 2024, avec un chiffre d'affaires augmentant de 57% à $1,061,645 par rapport à $675,947 l'année précédente. L'entreprise a réalisé un bénéfice brut de $357,275, en hausse de 16% par rapport à l'année précédente, et le revenu net a crû de 228% pour atteindre $69,027. Cette croissance a été soutenue par un espace accru dans les rayons des épiceries et par les ventes en ligne. Pour les neuf mois se terminant le 30 septembre 2024, le chiffre d'affaires a atteint $2,547,620, contre $1,780,059 l'année précédente. Les revenus d'octobre 2024 se sont élevés à $282,097, marquant une augmentation de 31% par rapport à l'année précédente.
EQUATOR Beverage Company (MOJO) berichtete von starken finanziellen Ergebnissen im dritten Quartal 2024, mit einem Umsatzanstieg von 57% auf $1,061,645 im Vergleich zu $675,947 im Vorjahr. Das Unternehmen erreichte einen Bruttogewinn von $357,275, was einem Anstieg von 16% im Jahresvergleich entspricht, und das Nettoeinkommen stieg um 228% auf $69,027. Das Wachstum wurde durch erweiterten Platz in den Regalen der Lebensmittelgeschäfte und Online-Verkäufe vorangetrieben. Für die neun Monate bis zum 30. September 2024 betrugen die Einnahmen $2,547,620, verglichen mit $1,780,059 im Vorjahr. Die Einnahmen im Oktober 2024 betrugen $282,097, was einem Anstieg von 31% im Vergleich zum Vorjahr entspricht.
- Revenue increased 57% YoY to $1,061,645 in Q3 2024
- Net income grew 228% YoY in Q3 2024
- Gross profit increased 16% to $357,275
- Fourth consecutive quarter of YoY revenue growth
- October 2024 revenue up 31% YoY to $282,097
- Expanded grocery store shelf space and online sales presence
- 300% increase in ocean shipping costs
- Gross profit margin at 34%, impacted by increased shipping costs
Third quarter revenue of
Third quarter gross profit of
Third quarter net income of
Jersey City, New Jersey--(Newsfile Corp. - November 4, 2024) - EQUATOR Beverage Company (OTCQB: MOJO), maker of MOJO Energy and MOJO Coconut Water premium lifestyle functional beverages today reported record third quarter 2024 financial results. The Form 10Q was filed November 1, 2024 with the US Securities and Exchange Commission.
Glenn Simpson, Chairman & CEO of EQUATOR Beverage Company, said: "EQUATOR Beverage had its highest third quarter revenue. Driving revenue was a gain in shelf space and new points of sale. Unit cases sold increased proportionally to the increase in sales revenue. Our solid
FINANCIAL HIGHLIGHTS FOR THE THIRD QUARTER 2024
Revenue for the third quarter increased
This marks the fourth quarter of consecutive revenue growth year over year.
For the nine months ended September 30, 2024, revenue was
October 2024 revenue was
EQUATOR Beverage ®
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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/228765
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