Equator Beverage Company (OTCQB:MOJO)

EQUATOR BEVERAGE CO (OTC:MOJO) ($0.70; $11.8M market cap) engages in developing, producing, distributing, and marketing beverage products, announced November 2023 results:

• November 2023 Net Revenue was $187,521, up from $112,342 for the same period last year. This was a $75,179 increase or 67%.
• November 2023 Gross Margin was $88,207, up from $38,484 for the same period last year. This was a 49,723 increase or 129%. November 2023 Gross Margin Percentage was 47%, up from 34% for the same period last year.
• November 2023 Taxable Income was $24,508, up from a Net Loss of $12,835 for the same period last year. This was a $37,342 increase or 291%.
• The trailing 12-month revenue for 2023 was $2,268,050 compared to trailing 12-month revenue for 2022 of $1,847,325. This was a $420,725 increase or 23%.

During November, EQUATOR repurchased 21,250 shares of its common stock. The total shares repurchased in 2023 so far has been 401,269 shares.

EQUATOR BEVERAGE CO (OTC:MOJO) ($0.70; $11.8M market cap) engages in developing, producing, distributing, and marketing beverage products. The company announced October 2023 results:

• October Sales of $184,327 vs $125,182 in the prior year

• October 2023 Gross Margin was $74,006 or 40% of Net Revenue, an increase of $32,088 over the same period last year.

• October 2023 Taxable Income was $7,812 a $28,396 improvement from last year.

• Trailing 12 month revenues of $2.19 million vs $1.87 million

• The Company repaid $50,000 in loans from officers, bringing the outstanding balance to $190,000

• The company continues to seek opportunities to repurchase shares of restricted stock

EQUATOR BEVERAGE CO (OTC:MOJO) ($0.75; $12.2M market cap) engages in developing, producing, distributing, and marketing beverage products. The company announced Q3 2023 results:

• Q3 Sales of $675,947 vs $548,973 in the prior year
• Q3 2023 Gross Margin was $308,685 or 46% of Net Revenue, an increase of $140,576 over the same period last year.
• Q3 2023 Taxable Income was $75,717 a $81,465 improvement from last year.

“During Q3, EQUATOR commenced shipments to 900 new retail stores and received authorization for an additional 950 retail stores which should ship this month.

EQUATOR continues to seek opportunities to repurchase shares of its common stock that are restricted from sale or publicly traded.”

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