secwatch.observer — SEC 8-K summary
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Issuer:     EQUATOR Beverage Co (MOJO)
CIK:        0001414953
Form:       8-K
Filed at:   2022-10-12T23:59:59+00:00
Accession:  0001493152-22-028265
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EQUATOR Beverage Q3 revenue up 15% to $549K, but gross margin shrinks to 31% from 46%
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- Q3 2022 revenue $548,973 vs $477,013 YoY (+15%); driven by higher case volume.
- Cost of revenue rose to 69% of sales ($380,864) from 54% ($255,266) due to higher product, freight and warehousing costs.
- SG&A decreased to $198,122 from $223,571, helped by lower Amazon fees and stock compensation.
- Nine-month revenue fell 1.7% to $1.47M; cost of revenue increased to 66% of sales from 53%.
- Repurchased 830,342 shares YTD vs 365,413 last year; board authorized up to 1.2M share buyback on Aug 8.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1414953/000149315222028265/0001493152-22-028265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1414953/000149315222028265/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-028265

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