EQUATOR Beverage Company Reports First Quarter 2025 Financial Results
First quarter revenue of $817,748, up 28% year over year
First quarter gross profit of $320,743, up 19% year over year
Jersey City, New Jersey--(Newsfile Corp. - June 4, 2025) - EQUATOR Beverage Company (OTCQB: MOJO), maker of MOJO Energy and MOJO Coconut Water premium lifestyle functional beverages today reported record first quarter 2025 financial results.
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Glenn Simpson, Chairman & CEO of EQUATOR Beverage Company, said 'EQUATOR Beverage had its highest first quarter revenue. Driving revenue was a gain in shelf space and new points of sale. The $320,743 first quarter gross profit reflects a balanced and disciplined approach to growth.'
FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER 2025
Revenue for the first quarter increased 28% to $817,748 compared to $640,653 for the prior-year, driven primarily by grocery store shelf space increases and online sales. We saw sustaining consumer demand growth, and overall channel growth. Same stores growth was also up year over year. Gross profit for the first quarter of 2025 increased to $320,743 compared to $270,583 for the prior-year. Gross profit as a percentage of revenue was 39% for the three months ended March 31, 2025.
This marks the fifth quarter of consecutive revenue growth year over year.
The trailing 2025 12-month revenue was $3,424,008 compared to $2,413,292 for the same period last year.
For April and May 2025, revenue was $781,132, up 35% from the same period last year.
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During the second quarter of 2025, EQUATOR Beverage Company repurchased 150,000 shares of its outstanding common stock.
The company has repurchased a total of 1,868,934 shares and remains committed to continuing its buyback program until the stock price accurately reflects the company's strong performance and long-term value.
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Contact:
Glenn Simpson Chairman & CEO
EQUATOR Beverage Company
917 574 1690
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/254459
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