secwatch.observer — SEC 8-K summary
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Issuer:     EQUATOR Beverage Co (MOJO)
CIK:        0001414953
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001477932-24-001676
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1414953/000147793224001676/0001477932-24-001676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1414953/000147793224001676/mojo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-001676

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer