The beverage sector has garnered considerable attention from investors in recent times and one of the companies which could be worth tracking is Kona Gold Beverage Inc (OTCMKTS:KGKG). The company, which is involved in the functional and wellness beverages sector, was in the news yesterday after it announced that it ended 2022 with record monthly revenue for the month of December.
Kona Gold Beverage, Inc’s Closes Out 2022 with Record Revenue Month in December
The company managed to generate revenues of slightly more than $400,000 for the month and that worked out to be the bigger figure than any of the previous Decembers in the history of Kona Gold. In this regard, it is perhaps important to note that December is generally a slow month for the beverage industry and such a show in December 2022 demonstrated the strength in the company’s sales capabilities.
The company also concluded the quarter with revenues of as much as $1,190,000 and it proved to be the second biggest quarter in its history in terms of revenues. The company has been working steadily towards growth and from the 2020 fiscal year to the 2021 fiscal year, its revenues had grown by as much as 172%. While the numbers for 2022 has not yet been finalized, the company believes that the year on year growth could be in the 80% to 85% range.