- Revenue up 295% Year Over Year -
KOLOA, Hawaii, May 18, 2017 /PRNewswire/ -- KonaRed Corporation (OTCQB: KRED), manufacturers of award winning premium Hawaiian Cold Brew Coffees, Whole Bean Coffee products and the Pioneer of the USACoffee Fruit category, today reported rapid sales growth during quarter one 2017.
Fueled by strategic growth in sales of Ready to Drink Cold Brew Coffees during Quarter one 2017, KonaRed's sales revenue surpassed $590,000, which compares to $149,000 for the same period in 2016, representing a year over year revenue increase of 295%. The Company also reported that April sales reached $323,000.
KonaRed's first quarter success has been lead by dynamic growth in its distribution network as it continues to gain shelf presence in targeted regions. Additionally, gross margin in Quarter one 2017 improved to 33% versus 21% for Quarter one 2016. This 57% increase was produced by the relatively higher margin earned on Cold Brew Coffee sales.
