Coffee Holding Q3 net income $0.11/share vs loss of $0.02; sales up 19% to $18.8M

COFFEE HOLDING CO INC

2024-Q3 EPS reported $0.17 revenue$57,349,477

Net sales $18.8M, +19% YoY; gross margin improved to 20.9% from 15.5%.
Net income $626,796 ($0.11 diluted) vs net loss $111,881 ($0.02 loss) YoY.
Gross profit $3.93M (20.9% of sales) vs $2.45M (15.5%) last year.
Paid down line of credit by over $7M in nine months; outstanding balance zero as of today.
Interest expense savings of $150K in nine months; annualized savings ~$0.10 per share pretax.

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