Coffee Holding reports FY2021 EPS $0.22 vs loss $0.02; declares $0.07 special dividend

COFFEE HOLDING CO INC

Net sales $63.9M, down 14% YoY; gross margin improved to 25% from 18%.
EPS $0.22 vs loss $0.02 in FY2020; EBITDA ~$3.4M, adj. EBITDA ~$4.2M.
Board approves $0.07/shr special dividend, payable Feb 21 to holders of record Feb 10.
Steep & Brew shutdown resulted in ~$1.1M in charges ($0.17/shr) in Q4.
Two class action lawsuits: one dismissed, one pending; legal costs ~$200K in FY2021.

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