Coffee Holding (JVA) Q4 2024 earnings summary

Executive summary

• Achieved third-best annual performance in two decades as a public company.

• Net sales rose 15% year-over-year for fiscal 2024.

• Returned to profitability with net income of $2.25M, or $0.39 per share, versus a prior year net loss.

Financial highlights

• Gross margin improved to 20% from 16% in fiscal 2023.

• Net income reached $2,245,132, reversing a net loss of $835,576 in the previous year.

• Earnings per share increased to $0.39 from a loss of $0.15 per share year-over-year.

Outlook and guidance

• Price increases implemented in late Q4 2024 and elevated Arabica futures expected to support strong performance in fiscal 2025.

• Management anticipates continued revenue growth and operating cost reductions.