earnings
confidence high
sentiment positive
materiality 0.55
EQUATOR Beverage Q1 net income of $3.4K vs $135K loss YoY; revenue up 35%
EQUATOR Beverage Co
- Q1 2023 net revenue $512,820, up 35% from $379,657 in Q1 2022.
- Gross margin $198,520 (39% of revenue), up $51,446 from prior year.
- Net income $3,389 vs net loss of $135,379 in Q1 2022, a $138,768 improvement.
- Launching energy drink line for female consumers in April 2023.
- Share repurchase program continues through June 30, 2023.