Evercore Holdings Inc (EVHO)

[RookieStockPicker]

Question why was the revenues down 20%? Didn't we here about reorders in press releases, or is that my imagination? hmmmmmmmmm

No worries big strategic moves coming in 2018....okay


During the Fourth Quarter (Q4) of 2017, Kona Gold focused its efforts on bringing to market, an all-new product, with its HighDrate CBD Energy Waters. Although revenues were down 20% from the previous quarter, Gross Profits were up 35% off of fewer sales. The Company was able to accomplish this by their previous efforts in negotiating a 33% decrease in the cost to produce its popular hemp infused energy drinks, which has correlated into larger profit margins, as anticipated, and also with the December launch of its new HighDrate CBD Energy Waters, which have great profit margins. The increase profit margin, from all products, has positioned the company to make big strategic moves in 2018, based off future sales projections. The Company did have a re-order from one of their distribution partners in North Carolina during Q4, who is showing exponential growth in that region. The most significant financial accomplishment for the Company during Q4 was the elimination of all outstanding debt, leaving the Company with zero in liabilities


https://backend.otcmarkets.com/otcapi/company/financial-report/190058/content