Reading this PR suggests the confidence the CEO has in his brand. A stock repurchase of approx 5% supports my opinion. Lets hope for continued growth into the New Year.
MOJO Organics Inc Reports 2021 Results
JERSEY CITY, NJ, January 3, 2022// — MOJO Organics Inc. (OTC: MOJO) reports its unaudited results of operations for the Fourth Quarter of 2021 and the year ended December 31, 2021. A Form 8-K was filed with the United States Securities and Exchange Commission.
The SEC Form 10-K is expected to be filed in January with the United States Securities and Exchange Commission.
Highlights include:
? 2021 Net Revenue was $1,923,283 an increase of $181,364 or 10 percent from $1,741,919 for 2020.
? 2021 Net Income was $44,032, an improvement of $127,751 or 153 percent from a Net Loss of $83,719 for 2020.
? 2021 Fourth Quarter Net Revenue was $428,225, an increase of $136,893 or 47 percent from $291,331 for 2020.
? 2021 Fourth Quarter Net Loss was $47,959, an improvement of $28,257 or 38 percent from a Net Loss of $76,816 for 2020.
The Company has 30,661,080 issued and outstanding shares as of January 3, 2022 and 318,108 options with 944 shareholders of record.
Officers and Directors account for 47 percent of the ownership on a fully diluted basis as of January 3, 2022.
The Company has a simple capital structure with one class of stock and no debt, loans or convertible securities.
During 2021, the Company purchased 765,826 shares of its stock.
In January 2022, the Company purchased 750,000 shares of its stock. The Company plans to continue to purchase shares during 2022.
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Glenn Simpson
Chairman and CEO
MOJO Organics In
