- February 24, 2022
- Posted by: Jen Olympia
- Categories: Business plans, Earnings, Finance & accounting, press releases
Fairfield, NJ – Feb. 23, 2022 – Bergio International, Inc. (“Bergio,” or the “Company”) (OTC PINK:BRGO), an American holding corporation and global leader in fine and fashion jewelry reports its unaudited EBITDA financial results for the fourth quarter and year end of 2021.
In the fourth quarter, worldwide gross sales reached $5.536 million ending December 31, 2021, an approximate 1,800% increase compared to $294,129 during the same period the prior year.
For the year end, worldwide gross sales reached $10.998 million compared to the previous year’s sales of $584,806 which is approximately an increase of 1,800%. Gross profit remained stable despite the integration of the consolidated financials of Gearbubble which has sold at lower wholesale margins.
The company reports EBITDA fourth quarter net income of $410,402 in 2021 compared to $25,310 for the same period of the previous year which is an increase of 1,521%. And, announces the year end results of 2021, a loss of ($554,937) compared to a loss of ($148,350) in the previous year.
EBITDA is an acronym for earnings before interest, taxes, depreciation, and amortization. It’s used to assess how much of a firm’s cash flow derives from ongoing operations. EBITDA is a key indicator of a company’s health.
Berge Abajian, CEO of Bergio International Inc., shared, “We’re thrilled with our Q4 unaudited and internal results showing for the first time the fruitfulness of our strategic acquisitions… profitability based on EBITDA. And, also I would like to add that these are partial revenue numbers for each company for 2021 and we expect this year that when all companies report their financials for the full year that revenue will increase drastically.”
He emphasized, “These financials have been presented to our auditors and they will be filed within our deadline. I don’t see any major changes but will wait for the final consent of our auditors.”
“We have finally turned a corner. Our 2021 acquisitions have started to integrate into our brand portfolio which is reflected in the fourth quarter and year end results. Currently, we have opportunities that we are exploring to expand from our Shopify platform to other eCommerce marketplaces like Amazon, Etsy, Walmart, and other acquisitions for logistics and eCommerce brands that fit our model.”
2021 Highlights: EBITDA Fourth Quarter & Year End
- Fourth quarter gross sales reached $5.536 million, an approximately 1,800% increase compared to $294,129 the prior year.
- Year end gross sales were $10.998 million versus $584,806 in 2020 which was an increase of approximately 1,521%.
- Stable gross profit at 56.32% compared to 58.33% in the previous year.
- Fourth quarter net income was $410,402 compared to $25,310 for the same period last year for an increase of 1,521%.
- Year end loss of ($554,937) compared to a loss of ($148,350) in 2020.