![Vita Coco Company, Inc. [COCO] reports annual net loss of $46.6 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FCOCO.png&w=3840&q=75)
Vita Coco Company, Inc. [COCO] reports annual net loss of $46.6 million
Company Reports Revenue of $493.6 million
Vita Coco Company, Inc. [COCO] has reported a net loss of $46.6 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $493.6 million
Based in NEW YORK, New York, Vita Coco Company, Inc. operates in the MANUFACTURING sector.
In the fiscal year ending December 31, 2023, The Vita Coco Company, Inc. reported a significant increase in net sales compared to the previous year. Net sales amounted to $493.6 million, a notable rise from $427.8 million in the same period of 2022 and $379.5 million in 2021.
Cost of goods sold for 2023 was reported at $312.9 million, slightly lower than the $324.4 million recorded in 2022 but higher than the $266.4 million in 2021. The gross profit for 2023 stood at $180.7 million, showing a substantial improvement from $103.4 million in 2022 and $113.1 million in 2021.
