Equator Beverage Company (MOJO) AI Stock Analysis

• Market Cap: $8.52M
• Dividend Yield: N/A
• Average Volume (3M): 4.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.80
• Revenue Growth: 24.49%
• EPS Growth: 95.63%
• Country: US
• Employees: 2
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): -0.01
• Shares Outstanding: 9,470,260
• 10 Day Avg. Volume: 8,074
• 30 Day Avg. Volume: 4,339
• PEG Ratio: -0.33
• Price to Book (P/B): 12.94
• Price to Sales (P/S): 1.72
• P/FCF Ratio: 33.99
• Enterprise Value/Market Cap: 0.95
• Enterprise Value/Revenue: 1.94
• Enterprise Value/Gross Profit: 4.35
• Enterprise Value/Ebitda: 97.21
• 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: 54 Neutral
• Price Target: $0.92 ▲(11.95% Upside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is primarily supported by improved financial fundamentals in 2025 (profitability, free cash flow, and zero debt), but is held back by weak technical trends (below key moving averages with negative MACD) and limited valuation visibility due to a negative P/E and no dividend yield data.

Positive Factors

Turnaround to profitability & revenue growth

The 2025 inflection to positive net profitability alongside meaningful revenue scaling establishes a structural improvement in the business model. Sustained profitability can finance marketing, distribution and product R&D internally, reducing external funding reliance and enabling gradual capacity build-out over multiple years.

De‑risked balance sheet (zero debt)

Eliminating debt by 2025 materially lowers fixed financial costs and refinancing exposure, increasing strategic flexibility. A zero‑debt position improves resilience through revenue cycles, supports investment in distribution or new SKUs, and reduces probability of distress during industry headwinds.

Positive operating & free cash flow trend

Consistent positive operating and free cash flow, including a meaningful step‑up in 2025, creates internal funding for working capital and organic growth. Reliable cash generation reduces dilution risk, supports incremental distribution/marketing spend, and provides a buffer against short‑term demand volatility.

Negative Factors

Historic volatility in profitability & returns

A multi‑year pattern of deep losses followed by a sharp swing in 2025 highlights execution and model risk. This volatility makes the current improvement unproven; without multi‑period consistency investors, suppliers and retailers may demand stronger proof of repeatable margins before committing long‑term.

Thin operating margins

Reported margins in 2025 remain narrow, leaving little cushion versus input cost inflation, promotional spending, or distribution expansion. Thin operating profitability means modest adverse cost or pricing moves could revert earnings to loss, so durable margin expansion (scale or efficiency) is required for sustainable returns.

Small scale and limited organizational resources

Modest revenue scale (~$4.2M) paired with an extremely small workforce (2 employees) constrains capacity to expand retail distribution, manage supply chains, and execute multi‑market commercialization. Limited human and operational resources increase execution risk and could slow realization of economies of scale.

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 specialty beverage products. The company earns money by producing and distributing beverages to a range of retail partners, including grocery stores, specialty stores, and online platforms. Revenue streams may include direct sales, wholesale distribution, and partnerships with retailers. Additionally, the company could leverage branding and marketing strategies to target niche markets and expand its customer base. However, more specific revenue details or key partnerships are unavailable at this time.

Equator Beverage Company Financial Statement Overview

Summary

2025 shows a clear turnaround with higher revenue, improved margins, a return to positive net profitability, positive operating/free cash flow, and a de-risked balance sheet (zero debt). However, profitability and returns were deeply negative as recently as 2024, and operating profitability still appears thin, so durability of the improvement remains a key risk.

Income Statement

Revenue has scaled meaningfully over the period (from ~$1.7M in 2020 to ~$4.2M in 2025), with strong 2025 growth (~10%). Profitability also improved sharply: the business swung from sizeable losses in 2022–2024 to a positive 2025 net margin (~4.7%). Gross margin strengthened versus 2024, supporting the turnaround. The key weakness is earnings volatility—operating results were deeply negative as recently as 2024, and 2025 operating profitability still looks thin relative to revenue, suggesting the turnaround may be early and sensitive to cost pressure.

Balance Sheet

Leverage improved materially: debt moved from elevated levels in 2022–2023 (debt higher than equity in 2022) to zero debt in 2025, reducing financial risk. Equity also increased meaningfully by 2025, supporting a stronger capital base. The main concern is historical instability in returns on shareholder capital (very negative in 2022–2024, then sharply positive in 2025), which implies the balance sheet strength is relatively recent and depends on sustaining profitability.

Cash Flow

Cash generation is trending better, with positive operating cash flow and free cash flow in 2023–2025 and a large step-up in 2025 (both ~+$212K, up strongly year over year). Earlier periods showed cash burn (negative in 2020 and 2022), highlighting cyclicality/working-capital sensitivity. Overall, recent cash flow is supportive of the turnaround, but the multi-year consistency is not yet proven.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.19M	3.25M	2.29M	1.82M	1.92M
Gross Profit	1.87M	1.23M	1.01M	630.96K	849.04K
EBITDA	83.73K	409.00	-383.00	199.00	4.38K
Net Income	195.35K	-801.00K	-180.00K	-239.00K	39.89K
Balance Sheet
Total Assets	1.19M	576.16K	581.49K	441.12K	429.50K
Cash, Cash Equivalents and Short-Term Investments	219.46K	22.80K	87.34K	10.74K	46.48K
Total Debt	0.00	115.00K	230.00K	225.00K	0.00
Total Liabilities	635.07K	239.86K	310.62K	295.25K	58.94K
Stockholders Equity	555.97K	336.30K	270.87K	145.87K	370.55K
Cash Flow
Free Cash Flow	211.66K	50.46K	123.42K	-93.00K	103.46K
Operating Cash Flow	211.66K	50.46K	123.42K	-93.00K	103.46K
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	-15.00K	-115.00K	-46.81K	57.26K	-107.22K

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%