Organto Foods (TSXV: OGO) / OGOFF: OTC released its 4Q and year-end 2020 results
OGO reported rapidly accelerating revenue growth - $11, 448,036 2020 vs $3,712,167 the previous year.
OGO's 4Q revenue grew by 211% year-over-year to $4,937,180 while its 4Q gross profit grew by 465% year-over-year to $394,010. OGO's 4Q revenue and gross profit growth rates on a year-over-year basis far exceeded its 3Q growth rates.
OGO experienced an acceleration in its 4Q revenue growth rate to a level that was 5 X higher than the 3Q
OGO experienced an acceleration in its 4Q gross profit growth rate to a level that was 7 X higher than the 3Q
Balance sheet and working capital significantly improved over YE 2020