Latest news with #GlennSimpson
Associated Press
04-06-2025
- Business
- Associated Press
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. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: 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. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: 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. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: Contact: Glenn Simpson Chairman & CEO EQUATOR Beverage Company 917 574 1690 Website: 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
Yahoo
04-06-2025
- Business
- Yahoo
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. To view an enhanced version of this graphic, please visit: 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. To view an enhanced version of this graphic, please visit: 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. To view an enhanced version of this graphic, please visit: Contact:Glenn Simpson Chairman & CEOEQUATOR Beverage Company917 574 1690GlennSimpson@ Ticker: MOJOWebsite: 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 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
11-02-2025
- Business
- Associated Press
EQUATOR Beverage Company Reports Fourth Quarter 2024 Financial Results
Fourth quarter revenue of $699,293, up 38% year over year Fourth quarter gross profit of $260,083, up 18% year over year Jersey City, New Jersey--(Newsfile Corp. - February 11, 2025) - EQUATOR Beverage Company (OTCQB: MOJO), maker of MOJO Energy and MOJO Coconut Water premium lifestyle functional beverages today reported record fourth quarter 2024 financial results. To view an enhanced version of this graphic, please visit: Glenn Simpson, Chairman & CEO of EQUATOR Beverage Company, said 'EQUATOR Beverage had its highest fourth quarter revenue. Driving revenue was a gain in shelf space and new points of sale. The $260,083 fourth quarter gross profit reflects a balanced and disciplined approach to growth while simultaneously building the business despite a significant increase in ocean freight cost.' FINANCIAL HIGHLIGHTS FOR THE FOURTH QUARTER 2024 Revenue for the fourth quarter increased 38% to $699,293 compared to $508,213 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 fourth quarter of 2024 increased to $260,083 compared to $220,243 for the prior-year quarter. Gross profit as a percentage of revenue was 37% for the three months ended December 31, 2024. This was very positive despite a 161 percent increase in ocean shipping costs. This marks the fourth quarter of consecutive revenue growth year over year. For the year ended December 31, 2024, revenue was $3,246,913 compared to $2,288,272 for the same period last year. For the first two months of 2025, we expect revenue to be $650,000 up 76 percent from the same period last year. Contact: Glenn Simpson Chairman & CEO EQUATOR Beverage Company 917 574 1690 Symbol Ticker: MOJO 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.
