Bergio International Inc. (OTCMKTS:BRGO) jumped 8% after announcing Q2 and year-to-date financial results for June 30, 2021. In Q2 2021, global gross sales increased 2600% to $2.137 million relative to $77900 a year ago. Gross profit was up 5,300% to $1.759 million, up from 32,090 a year ago, equaling 82% of sales relative to 41% of sales in Q2 2020.
In addition, the company reported stockholder equity had reached $2.69 million. Year-to-date sales were $3.286 million increasing around 2000%, with gross profit jumping 3100% to $2.598 million YoY.
CEO Berge Abajian said the released results reflect the positive impact of the company’s operational decisions and acquisitions this year. He added that although the company doesn’t reveal GearBubble sales and only released partial Aphrodies sales since February 9, 2021, the sales indicate the robust upward trajectory the company is following. In addition, Abajian said that the subsequent quarterly earnings would show Bergio brands’ expansion of manufacturing overseas, steps towards vertical integration, and enhanced eCommerce footprint. So, in the coming months, BRGO is a stock to watch.
Market Reaction:
On Thursday, BRGO stock jumped 8% at $0.0068 with more than 311.11 million shares, compared to its average volume of 28.03 million shares. The stock has moved within a range of $0.0066 – 0.0109 after opening the trade at $0.0091.
