JERSEY CITY, N.J., April 1, 2020 /PRNewswire/ — MOJO Organics, Inc. (OTC: MOJO) reported its results of operations for the quarter ended March 31, 2020, and its 2019 calendar year results. The 2019 10-K was filed on March 30, 2020 with the United States Securities and Exchange Commission. It is expected that the 10-Q will be filed in early April.
Q 1 Net Revenue increased to $440,090 from $408,497 the highest first quarter revenue in the company’s history.
Operating Margin was 46% compared to 51% for 2019
Net loss decreased to $56,613 from a net loss of $78,147 in 2019, resulting in an $21,532, (28%) improvement.
Full year 2019 revenue increased to $1,743,021 from $1,688,827 the prior year.
Operating Margin increased to 48% from 47% the prior year.
Net loss decreased