Bergio International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:29 pm EDT
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Bergio International, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 1.41 million compared to USD 2.46 million a year ago. Revenue was USD 1.41 million compared to USD 2.46 million a year ago. Net loss was USD 0.549799 million compared to net income of USD 0.020511 million a year ago. Basic loss per share from continuing operations was USD 0.02.
For the six months, sales was USD 2.8 million compared to USD 4.55 million a year ago. Revenue was USD 2.8 million compared to USD 4.55 million a year ago. Net loss was USD 1.22 million compared to USD 1.57 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.63 a year ago.
Bergio International, Inc. is engaged in the product design, manufacturing and distribution of fine jewelry primarily in the United States. Its products consist of a range of jewelry styles and designs made from precious metals, such as gold, platinum and Karat gold, as well as other precious stones. Its product range is divided into three fashion lines: an 18 karats (K) gold line, a bridal line, and a couture and/or one of kind pieces. The Bergio brand is associated with handcrafted and individually designed pieces with European sensibility, Italian craftsmanship and a bold flair for the unexpected. The Bergio brand designs consist of upscale jewelry that includes white diamonds, yellow diamonds, pearls, and colored stones, in 18K gold, platinum, and palladium. It designs and produces approximately 100 to 150 product styles. Its manufacturing control over its line as a result of having a manufacturing facility in New Jersey as well as subcontracts with facilities located in Italy.