Tue, Mar 25, 10:12 AM (33 days ago)
**EQUATOR Beverage Company (MOJO) 2024 Annual Report Summary** **Financial Performance:** - **Revenue:** $3,264,913, a 42% increase from 2023, driven by strong demand and expanded market share. - **Net Income:** $(801,144), reflecting higher operating expenses and interest costs. - **Operating Expenses:** $2,011,834, up 42% from 2023, primarily due to increased revenue and stock awards. - **Earnings Per Share:** $(0.04) basic and diluted, with 18,218,634 shares outstanding. **Strategic Overview:** - EQUATOR specializes in developing, producing, and marketing beverage products, focusing on sustainability and eco-friendly packaging. - Products include MOJO Coconut Water and various flavored and alcoholic beverages. - The company aims to expand its market share through hybrid distribution networks and new product offerings. **Future Outlook:** - EQUATOR plans to continue growing its market share and revenue through strategic distribution and product innovation. - The company faces risks related to economic conditions, competition, regulatory changes, and supply chain disruptions. **Risk Factors:** - **Economic Risks:** Unfavorable economic conditions could negatively impact financial results. - **Competition:** Increased competition may limit market share growth and require price adjustments. - **Regulatory Risks:** Changes in laws and regulations could increase costs and affect product demand. - **Supply Chain Risks:** Disruptions in the supply chain could impact production and distribution. - **Environmental Risks:** Concerns about plastic packaging and sustainability could affect consumer demand and increase production costs. **Financial Condition:** - **Liquidity:** Working capital of $336,639 as of December 31, 2024, with net cash provided by operating activities of $50,460. - **Capital Resources:** The company may seek additional financing if needed to support growth. **Market Position Changes:** - EQUATOR's stock is traded on the OTCQB under the symbol MOJO. - The company has seen fluctuations in stock prices, with a high of $0.80 and a low of $0.05 in 2024. **Key Financial Metrics:** - **Revenue Growth:** 42% increase from 2023. - **Operating Expenses:** Increased by 42% due to higher revenue and stock awards. - **Net Income:** Negative, reflecting higher costs and expenses. - **Earnings Per Share:** Negative, with a significant number of shares outstanding. **Conclusion:** EQUATOR Beverage Company demonstrated strong revenue growth in 2024 but faced challenges with operating expenses and net income. The company's strategic focus on sustainability and market expansion positions it for future growth, despite various risks and uncertainties.