EQUATOR Beverage Co (MOJO) Form 10-Q — Aug 11, 2026
EQUATOR Beverage Co's June quarter showed real operating momentum: revenue rose 14% year over year to $1,259,453, gross margin expanded to 57% from 43% on lower freight and better product mix, and operating income climbed to $238,707 from $163,842. Reported net income of $999,699 ($0.11 per share) was inflated by a one-time, non-cash income tax benefit of $760,986 after management released its deferred tax asset valuation allowance in full, citing 42 consecutive months of taxable income; the company also booked $117,264 of tariff-recovery other income that it labels non-recurring.
Key figures
- Eps
- 0.11
- Revenue
- 1259453
- Net Income
- 999699
- Total Debt
- 160000
- Revenue Yoy
- 14% (Q2 2026 vs Q2 2025); 16% for the six-month period
- Total Assets
- 2381931
- Cash Position
- 73757
- Shares Outstanding
- 9509655
- Six month eps
- 0.12
- Working capital
- 1056655
- Six month revenue
- 2220937
- Q2 2026 stock close
- 1.1
- Gross margin q2 2025
- 43%
- Gross margin q2 2026
- 57%
- Six month net income
- 1175814
- Q2 income tax benefit
- 760986
- Stockholders of record
- 79
- Customs duty receivable
- 33538
- Operating income q2 2025
- 163842
- Operating income q2 2026
- 238707
- Operating cash flow h1 2026
- 55935
- Deferred tax asset recognized
- 765997
- Shares repurchased since 2018
- 1105072
- Net income tax benefit h1 2026
- 756868
- Shares outstanding aug 11 2026
- 9569655
- Contingent ceo termination cash
- 712500
- Tariff recovery other income h1
- 117264
- Contingent ceo termination shares
- 1140000
- Related party loan balance jun 30
- 160000
- Restricted stock issued to ceo h1
- 112500
- Related party loan balance post quarter
- 40000
AI analysis
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