Equator Beverage Company (MOJO) AI Stock Analysis

• Market Cap: $10.77M
• Dividend Yield: N/A
• Average Volume (3M): 4.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.47
• Revenue Growth: 24.49%
• EPS Growth: 95.63%
• Country: US
• Employees: 2
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): N/A
• Shares Outstanding: 9,287,180
• 10 Day Avg. Volume: 8,074
• 30 Day Avg. Volume: 4,339
• PEG Ratio: -0.04
• Price to Book (P/B): 32.50
• Price to Sales (P/S): 3.37
• P/FCF Ratio: 216.63
• Enterprise Value/Market Cap: 1.00
• Enterprise Value/Revenue: 2.83
• Enterprise Value/Gross Profit: 6.60
• Enterprise Value/Ebitda: -21.53
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $1.50 ▲(82.93% Upside)

The score is primarily held down by weak financial quality—ongoing losses and renewed cash burn despite improving gross margins and revenue growth. Technicals are supportive with the price above major moving averages, but momentum looks stretched (high RSI/Stoch). Valuation is also a constraint because earnings are negative and there is no dividend yield provided.

Positive Factors

Leverage / Balance Sheet Strength

Zero debt materially reduces refinancing and interest burden risk, giving management durable financial flexibility to fund operations or strategic initiatives. For a loss-making beverage scale-up, a clean balance sheet lengthens runway and lowers insolvency risk over months.

Improving Gross Margin

Gross margin expansion from ~38% to ~43% indicates improving unit economics, pricing power, or favorable mix. Sustained margin gains create structural room to absorb SG&A, accelerating the path to operating profitability as revenue scales, a durable improvement if maintained.

Revenue Growth Trend

High reported revenue growth reflects improving demand and market traction. Durable top-line expansion helps spread fixed costs and supports investment in distribution and marketing, making future margin improvement and scale benefits more attainable if growth persists.

Negative Factors

Persistent Negative Profitability

Materially negative net margins mean the company is not converting sales to profits; even with revenue and gross margin gains, sustained losses can erode equity, force strategic trade-offs, and require recurring financing, threatening long-term viability without structural improvement.

Negative Operating and Free Cash Flow

Ongoing negative operating and free cash flow signal cash burn and inconsistent cash generation. This creates durable funding risk: the company may need external capital or dilutive financings to sustain growth, limiting strategic options and increasing stakeholder dilution risk.

Thin Equity Base and Negative Returns

A small equity cushion versus persistent losses leaves little buffer for continued cash burn, increasing the probability of balance-sheet pressure or dilutive recapitalizations. Negative ROE underscores that capital deployed is not producing returns, a structural investor concern.

Equator Beverage Company Business Overview & Revenue Model

Company Description

Equator Beverage Company engages in the product development, production, marketing, distribution, and sale of beverages that are Non-GMO project verified and USDA organic. The company's flagship product is MOJO coconut water. It also produces sparkling coconut water, coconut water + mango juice, coconut water + pineapple juice, and organic coconut water. The company offers its products through its hybrid distribution network, third party partners, and broker network. The company was formerly known as MOJO Organics, Inc. and changed its name to Equator Beverage Company in July 2022. Equator Beverage Company was founded in 2007 and is headquartered in Jersey City, New Jersey.

How the Company Makes Money

Equator Beverage Company generates revenue primarily through the sale of its various beverage products to different market segments, including retail, wholesale, and direct-to-consumer channels. The company capitalizes on its distribution partnerships with major retailers and grocery chains to expand its market reach and increase product accessibility. Additionally, Equator Beverage may engage in strategic collaborations and partnerships that enhance its product offerings and market presence, contributing to its overall revenue growth.

Equator Beverage Company Financial Statement Overview

Summary

Revenue and gross margin improved (TTM gross margin ~43%), and the company carries zero debt, reducing leverage risk. However, profitability and cash generation are weak: TTM net margin is materially negative (~-14%) and both operating cash flow and free cash flow are negative, increasing funding risk if losses persist.

Income Statement

Revenue is scaling, with TTM (Trailing-Twelve-Months) revenue up ~3% and a clear multi-year step-up versus 2022–2024, and gross margin improved to ~43% in TTM from ~38% in 2024. However, profitability remains the key issue: TTM operating and net margins are still materially negative (net margin ~-14%), and while losses narrowed versus 2024, the business has not demonstrated sustained earnings power.

Balance Sheet

Leverage is a notable strength: TTM shows zero debt and a low historical reliance on debt (down from higher leverage in 2022–2023), which reduces financial risk. That said, the equity base is relatively small versus the operating losses, and returns to shareholders are deeply negative (TTM return on equity is meaningfully below zero), indicating the balance sheet could be pressured if losses persist.

Cash Flow

Cash generation is inconsistent. TTM shows negative operating cash flow and negative free cash flow, a reversal from positive generation in 2023–2024, which raises funding risk if the burn continues. A positive offset is that recent cash flow has been volatile but has shown periods of improvement historically, suggesting execution can swing results—though current TTM cash usage is the dominant signal.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.80M	3.25M	2.29M	1.82M	1.92M	1.74M
Gross Profit	1.63M	1.23M	1.01M	630.96K	849.04K	824.28K
EBITDA	-499.80K	409.00	-383.00	199.00	4.38K	-1.00
Net Income	-530.91K	-801.00K	-180.00K	-239.00K	39.89K	-83.72K
Balance Sheet
Total Assets	1.03M	576.16K	581.49K	441.12K	429.50K	341.59K
Cash, Cash Equivalents and Short-Term Investments	11.25K	22.80K	87.34K	10.74K	46.48K	50.23K
Total Debt	0.00	115.00K	230.00K	225.00K	0.00	35.51K
Total Liabilities	543.79K	239.86K	310.62K	295.25K	58.94K	91.67K
Stockholders Equity	490.31K	336.30K	270.87K	145.87K	370.55K	249.91K
Cash Flow
Free Cash Flow	-158.70K	50.46K	123.42K	-93.00K	103.46K	-26.20K
Operating Cash Flow	-158.70K	50.46K	123.42K	-93.00K	103.46K	-26.20K
Investing Cash Flow	-6.00	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	183.00K	-115.00K	-46.81K	57.26K	-107.22K	20.46K

Equator Beverage Company Technical Analysis

• Last Price: 0.82

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MOJO, the sentiment is undefined. The current price of 0.82 is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for MOJO.

Equator Beverage Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%