The Vita Coco Inc (COCO) Earnings Report, Financial Results, Financial analysis

The Vita Coco Company Inc reported in the first quarter of 2023 net earnings per share of $0.12 an increase by 200 % year on year from $0.04 and an improvement compare to net loss per share of $-0.05 realized in previous quarter.

*first quarter of 2023*
Earnings Per Share	Revenues
$ 0.12	$ 110 Mill
$+0.08 +200 %	$+13M +13.8 %

The Vita Coco Inc 's Revenue rose by 13.8 % in first quarter of 2023 (Mar 31 2023) year on year, to $110 million and advanced by 19.31 % sequentially.

The Vita Coco Inc is Expected to report next financial results on August 10, 2023.

More on COCO's Income Statement

COCO's NET INCOME

The Vita Coco Inc 's net income of $6.705 million in the first quarter of 2023 increased by 201.08 % from net earnings of $2.227 million achieved in I. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-2.810 million recorded in previous quarter.

More on COCO's Growth

The Vita Coco Inc Inventories
Inventories declined by -0.64 % to $64.18 million from I. Quarter a year ago, sequentially inventories fell by -23.7 %. COCO's Cash flow In thefirst quarter of 2023 company's net cash flow was $10 million, capital expenditures fell by 86.07%, to $0 millions compare to same quarter a year ago and fell by 505.33% from IV. Quarter (Dec 31 2022).

More on COCO's Cash flow Statement

Earnings quality

The Vita Coco Company Inc does not pay out common stock dividend.

In trailing twelve-month period The Vita Coco Company Inc earned $ 0.37 cash per share, on a free-cash flow basis 166.83 % of net earning per share.

Book value grew by 3.23 % sequentially to $2.61 per share, 142.59% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 2.47 per share from $ 2.39.

Company issued 1.54 million shares or 2.75 % in Mar 31 2023.
Interest Coverage Ratio was 68.15. Debt Coverage Ratio was 2.12.

• More on COCO's Dividends

Market Capitalization (Millions)	1,496
Shares Outstanding (Millions)	57
Total Debt (Millions $)	0
Revenue (TTM) (Millions $)	441
Net Income (TTM) (Millions $)	12
Cash Flow (TTM) (Millions $)	11
Capital Exp. (TTM) (Millions $)	-1
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	548

Earnings quality

The Vita Coco Company Inc does not pay out common stock dividend.

In trailing twelve-month period The Vita Coco Company Inc had $ 0.37 cash flow per share, on a free-cash flow basis 166.83 % of net earning per share.

Book value grew by 3.23 % sequentially to $2.61 per share, 142.59% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 2.47 per share from $ 2.39.

Company issued 1.54 million shares or 2.75 % in Mar 31 2023.
Interest Coverage Ratio was 68.15. Debt Coverage Ratio was 2.12.

• More on COCO's Balance Sheets

Market Capitalization (Millions)	1,496
Shares Outstanding (Millions)	57
Total Debt (Millions $)	0
Revenue (TTM) (Millions $)	441
Net Income (TTM) (Millions $)	12
Cash Flow (TTM) (Millions $)	11
Capital Exp. (TTM) (Millions $)	-1
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	548

The Vita Coco Company Inc

COCO's Financial Statements and Analysis