jammin java corp (JAMN) Key Developments
Marley Coffee Increases Distribution with Schnuck Markets
Aug 20 15
Marley Coffee announced increased distribution with Schnuck Markets, Inc. The regional grocer with 98 stores throughout the Midwest will carry three Marley Coffee blends: Lively Up (espresso), One Love (medium roast), and Buffalo Soldier (dark roast) in 8oz bags and RealCup® single serve capsules, compatible with most Keurig® K-Cup® machines. All six SKUs will be available in 59 of its stores.
Jammin Java Corp. Provides Earnings Guidance for the Month of July 2015 and Second Quarter Ended July 31, 2015
Aug 6 15
Jammin Java Corp. provided earnings guidance for the month of July 2015 and second quarter ended July 31, 2015. For the month of July 2015, the company anticipates to post a profit of approximately $25,000 (not taking into account non-cash expenses), the first month the company has ever posted a profit.
For the quarter, the company's sales revenue is anticipated to be $3.2 million, which is approximately a 53% increase year-over-year from the quarter ended July 31, 2014. This increase was driven by increased turn rates within existing accounts and an expansion of the company's international business. Net revenue is anticipated to be $2.9 million, which is an increase of 37.8% from the same period last year. Net losses before interest, depreciation and stock compensation (non-cash expenses) are expected to be $372,000 compared to a cash loss of $1.6 million for the same period last year.
Marley Coffee Announces the Launch of New Small Batch, Single Origin Coffee Series My Cup to Online Subscription Model
Jul 9 15
Marley Coffee announced the launch of its new My Cup series, a small batch, single origin, limited release specialty coffee available exclusively on the company's online store as part of its recurring subscription or one-time product purchase. The first My Cup batch will be available in whole bean format in 10-ounce bags, hand-labeled and hand-numbered before being shipped from the company's corporate headquarters in Denver, CO. The first batch in the series, Congo Kivu, is a top-grade bean sourced from the Eastern Congo chosen for the complex flavor notes. Subscribers to the My Cup series will enjoy convenient auto-ship of each new batch every three months.
Jammin Java Corp. Reports Earnings Results for the First Quarter Ended April 30, 2015; Provides Earnings Guidance for the Second Quarter Ending July 31, 2015 and Fourth Quarter of Fiscal Year 2016
Jun 16 15
Jammin Java Corp. reported earnings results for the first quarter ended April 30, 2015. For the quarter, the company reported sales of $2,738,379, an increased of 27.9% compared with last year's comparable sales. Net losses were down 37.4% compared to the same period last year and of those losses, $368,000 was attributed to stock based compensation, resulting in net losses before non-cash expenses of $829,191.
The company anticipated the losses for the three months ending July 31, 2015 to be the lowest the company has had to date and for that trend to continue through the rest of the year.
In addition, the company anticipated that it will become profitable by the fourth quarter of this fiscal year 2016.
Jammin Java Corp. Presents at SeeThruEquity 4th Annual MicroCap Investor Conference, May-28-2015
May 10 15
Jammin Java Corp. Presents at SeeThruEquity 4th Annual MicroCap Investor Conference, May-28-2015 . Venue: Convene Grand Central, 101 Park Ave, New York, NY 10178, United States.