EQUATOR Beverage posts record 2023 revenue of $2.29M, net loss narrows 25%

EQUATOR Beverage Co

2025-Q1 EPS reported $0.01 revenue$640,653

Revenue $2,288,272, up 26% from $1,821,492 in 2022; highest annual revenue reported.
Gross margin improved to 44% from 35% due to lower ocean freight and fixed-cost absorption.
Net loss $179,957, improved 25% from $238,836; EPS loss $0.01 vs $0.02.
Taxable income of $180,060 vs $0 in 2022; share repurchases of 401,269 shares in 2023.
Cost of revenue 56% of sales (down from 65%) despite record inflation.

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