- Coffee Holding Co Inc (NASDAQ:JVA) reported second-quarter FY21 sales of $14.47 million, down 28% year-on-year.
- A decline in the sales of packed coffee beans to customers who are yet to reopen from COVID-19 restrictions led to a fall in sales.
- Adjusted EBITDA was $861.9 thousand, while the EPS decreased 33.3% Y/Y to $0.06.
- The operating margin stood at 3.1%, with an operating income of $454.1 thousand.
- The company used $5 million in operating cash flow at the end of Half Year and held $3.5 million in cash and equivalents at the end of Q2.
- “Freight rates have increased by as much as 58% to several of our largest accounts and cannot yet be offset by price increases having the net effect of negatively impacting operating results,” said Andrew Gordon, Chief Executive Officer.
- Price action: JVA shares closed lower by 2.42% at $6.04 on Monday.
AeroVironment: Q2 Earnings Insights
AeroVironment (NASDAQ:AVAV) reported its Q2 earnings results on Tuesday, December 7, 2021 at 04:10 PM.
Here's what investors need to know about the announcement.
