MOJO Organics reported its full year 2016 operating results. Glenn Simpson, Chairman and Chief Executive Officer of MOJO Organics, Inc. said “we are pleased to report that we ended 2016 with top- and bottom-line growth within our expectations. We continued to focus on increasing our points of sale and methods of distribution primarily in the northeast region”.
Revenue increased to $1,331,552 or 573% from the prior year, while gross profit increased to $589,654 from a loss of $(354,095) the prior year, resulting in a $943,749 improvement in gross profit from the prior year.
“In addition to meeting our revenue and gross profit targets for the full year, I am encouraged by the strategic actions taken during 2016. We increased our reach in distribution and increased our points of sale at the retail level to over 10,000 retail stores. The progress demonstrated by these actions is foundational in positioning the company for the future.”
Source: Mojo Organics