Equator Beverage Q1 revenue up 36% to $515K; net income swings to profit of $4,485

EQUATOR Beverage Co

Q1 net revenue $515,633, up 36% from $379,657, highest first-quarter revenue in company history.
Gross margin 39%, unchanged YoY; net income of $4,485 versus net loss of ($135,379) in Q1 2022.
Relaunched products in 3,800 northeast grocery stores and began shipping to 6,000 alternative channel stores.
USPTO granted final approval for EQUATOR Beverage® word mark and symbol mark for coconut water products.
Sparkling Energy Drinks (female-centric) shipment to commence in Q2 2023; flavors listed.

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