Coffee Holding Q3 net sales up 25% to $17.0M; net income of $132K vs prior-year loss

COFFEE HOLDING CO INC

2023-Q3 EPS reported $0.01 revenue$50,216,316

Net sales $17.0M (+24.8% YoY) driven by legacy customers and new accounts.
Gross margin fell to 18.5% from 21.5% due to higher green coffee and packaging costs.
Net income $132K ($0.02 EPS) vs net loss of $127K ($0.02 loss) in Q3 2021.
CEO cites freight headwinds of ~$500K (~$0.10/share) weighing on profitability.
Generations/Steep & Brew subsidiary revenue down ~$5.5M over first nine months.

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