Business
KonaRed Corporation Announces 98% Revenue Increase In 2016 And Provides 2017 Outlook
KonaRed Corporation Announces 98% Revenue Increase In 2016 And Provides 2017 Outlook.
About this update from Konared Corporation
[{"type":"text","content":"\n\n\n\nKonaRed Corporation Announces 98% Revenue Increase In 2016 And Provides 2017 Outlook\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\nKonaRed Corporation Announces 98% Revenue Increase In 2016 And Provides 2017 Outlook\n- Comparative Fourth Quarter 2016 Revenue Up by 422% -\nPR Newswire\nKOLOA, Hawaii, Jan. 25, 2017\n\n\n\nKOLOA, Hawaii, Jan. 25, 2017 /PRNewswire/ -- KonaRed Corporation (OTCQB: KRED), manufacturers of premium Hawaiian Cold Brew Coffee and Whole Bean Coffee products and the pioneer of the USA coffee fruit category, today announced record growth in the 4th quarter of 2016 which projects to an upward trend of revenue growth for 2017. \n\n\n \n \n\n \nDuring the year ended December 31, 2016, KonaRed's comparative total revenue grew by 98% to $1.26mm for 2016 from $635,503 for 2015. Total revenue for the comparative 4th quarter periods grew by 422% to approximately $470K from approximately $90K, including a one-time license fee of $200K in Q4 2016. KonaRed's new line of Cold Brew Coffees accounted for 68% of product sales for Q4 of 2016 and 49% for the  full year. During 2016, Cold Brew sales increased from a starting point of $22,000 in Q1 to a total of $613,200 by year-end.\n\nKonaRed's CEO Shaun Roberts commented, \"We made big strides in 2016 with our award winning Cold Brew Coffees and new line extensions that are driving our revenue growth.  Our new Bag in the Box Cold Brew Coffee is now available at Costco Hawaii and we've been methodically expanding our customer base. Recent successes have included additional distribution in Safeway, Bristol Farms and 7-11 Stores.  Revenues are up and we've been diligently working to reduce expenses and focus in on our path to profitability.\"\n\nKonaRed is continuing to rapidly bring on large new customers such as Publix with 1,100 stores in the southeastern United States and new Safeway and Whole Foods Market regions. The Company's award winning Cold Brew Coffees are becoming established as leaders in the fast growing Cold Brew Coffee category.  Ave...