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Last $4.63 USD
Change Today +0.05 / 1.09%
Volume 13.7K
JVA On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

coffee holding co inc (JVA) Key Developments

Coffee Holding Co., Inc. Announces Earnings Results for the Second Quarter and Six Months Ended April 30, 2015

Coffee Holding Co., Inc. announced earnings results for the second quarter and six months ended April 30, 2015. For the quarter, the company reported net loss attributable to company of $2.05 million, or $0.33 loss per diluted share compared to a net income attributable to the company of $1.26 million, or $0.19 per diluted share, for the same quarter ended April 30, 2014. Net sales were $30.26 million, compared to $25.40 million for the same quarter ended April 30, 2014. For the six months, the company reported net loss attributable to the company of $1.98 million, or $0.32 loss per diluted share, compared to a net income attributable to the company of $2.63 million, or $0.40 per diluted share, for the same period ended April 30, 2014. Net sales of $68.67 million, compared to $52.74 million for the same period ended April 30, 2014.

Coffee Holding Company, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2015

Coffee Holding Company, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended April 30, 2015. For the quarter, the company reported net sales of $30,263,054 compared to $25,398,751 a year ago. The increase was due to growth across all three of the company's core business operations, which include its green coffee, private label, and branded products business. Loss from operations was $3,147,597 compared to income from operations of $2,094,526 a year ago. Loss before provision for income taxes and non-controlling interest in subsidiary was $3,207,567 compared to income before provision for income taxes and non-controlling interest in subsidiary of $2,102,551 a year ago. Net loss attributable to the company was $2,052,560 or $0.33 per basic and diluted share compared to net income attributable to the company of $1,261,220 or $0.19 per diluted share a year ago. The loss was due to the aforementioned losses from the company's hedging activities. For the six months period, the company reported net sales of $68,669,033 compared to $52,745,098 a year ago. Loss from operations was $3,045,246 compared to income from operations of $4,343,440 a year ago. Loss before provision for income taxes and non-controlling interest in subsidiary was $3,150,182 compared to income before provision for income taxes and non-controlling interest in subsidiary of $4,334,078 a year ago. Net loss attributable to the company was $1,980,759 or $0.32 per basic and diluted share compared to net income attributable to the company of $2,632,960 or $0.40 per diluted share a year ago. Net cash used in operating activities was $3,019,469 compared to net cash provided by operating activities of $3,834,179 a year ago. Purchases of machinery and equipment were $341,337 compared to $166,851 a year ago.

Coffee Holding Company, Inc., Q2 2015 Earnings Call, Jun 11, 2015

Coffee Holding Company, Inc., Q2 2015 Earnings Call, Jun 11, 2015

Coffee Holding Company, Inc. Enters into Loan Modification Agreement with Sterling National Bank

Coffee Holding Co., Inc. on March 10, 2015, entered into a loan modification agreement with Sterling National Bank which modified the terms of the financing agreement with Sterling previously entered into on February 17, 2009. Prior to the Modification Agreement, the Financing Agreement, as amended, provided for a credit facility in which the company had a revolving line of credit for a maximum of $7,000,000. The Financing Agreement was set to expire on March 31, 2015. Pursuant to the Modification Agreement, the Financing Agreement was modified to, among other things, (i) extend the term of the Financing Agreement until February 28, 2017; (ii) increase the maximum amount of the Loan Facility from $7,000,000 to $9,000,000; (iii) reduce the interest rate on the average unpaid balance of the line of credit from an interest rate equal to a per annum reference rate of 3.75% to an interest rate per annum equal to the Wall Street Journal Prime Rate (currently 3.25%); and (iv) require the company to pay, upon the occurrence of certain termination events, a prepayment premium of 0.50% of the maximum amount of the Loan Facility in effect as of the date of the termination event.

Coffee Holding Co., Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended January 31, 2015

Coffee Holding Co., Inc. announced consolidated unaudited earnings results for the first quarter ended January 31, 2015. The company reported net income attributable to Coffee Holding Co., Inc. of $71,801 or $0.01 per share basic and diluted for the three months ended January 31, 2015 compared to net income attributable to Coffee Holding Co., Inc. of $1,371,740 or $0.22 per share basic and $0.21 per share diluted for the three months ended January 31, 2014. The decrease in net income reflects a $1.7 million or $0.27 per share unrealized loss on its hedging activities. Net sales totaled $38,405,979 for the three months ended January 31, 2015, an increase of $11,059,632, or 40%, from $27,346,347 for the three months ended January 31, 2014. The increase in net sales reflects a combination of increased sales of green and roasted coffee along with higher coffee prices year over year. Income from operations was $102,352 against $2,248,913 a year ago. Income before provision for income taxes and non-controlling interest in subsidiary was $57,385 against $2,231,526 a year ago. Net cash used in provided by operating activities was $3,144,185 against net cash provided by operating activities of $1,850,323 a year ago. Purchases of machinery and equipment were $38,473 against $123,874 a year ago.

 

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JVA

Industry Average

Valuation JVA Industry Range
Price/Earnings 81.9x
Price/Sales 0.2x
Price/Book 1.2x
Price/Cash Flow 81.3x
TEV/Sales 0.2x
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