Bergio Internati Stock Price, News & Analysis

Bergio International has appointed Umer Hadeed as the new President of its subsidiary, Aphrodite's, succeeding Jonathan Foltz, who will transition to an advisory role. Hadeed brings 15 years of experience in entrepreneurship and eCommerce, having co-founded Aphrodite's and previously served as its Chief Technology and Creative Officer. Under his leadership, Aphrodite's generated over $30 million in sales over 3.5 years, including $10 million during the pandemic year. Hadeed aims to broaden the product portfolio, streamline operations, and enhance customer retention to drive revenue growth and profitability.

Bergio International has announced the acquisition of its third brick-and-mortar jewelry location in New Jersey, aimed at enhancing its growth strategy. The purchase of a boutique with a 25-year legacy will allow Bergio to cater to a larger audience in a prime community of 25,000 residents. With no local competition, the company expects to significantly increase market share and revenue. This move aligns with Bergio's strategy to expand its retail presence, offering a unique shopping experience while balancing e-commerce and physical store sales. The new location is set to open in spring 2023, showcasing exclusive demi-fine and fine jewelry.

Bergio International (OTC PINK:BRGO) has appointed Jonathan Foltz to lead its new technology, WEB3, and app division. Foltz, who previously served as President and Co-Founder of Aphrodite's, will focus on innovation and growth in emerging technologies. He steps down from Aphrodite's, now led by Umer Hadeed, his long-time partner. Since acquiring Aphrodite's and other brands, Bergio aims to enhance its digital presence and adapt to rapid technology changes. The company seeks to leverage e-commerce, AI, and blockchain solutions to drive future success.

Bergio International announced a 500:1 reverse stock split on October 28, 2022, to enhance its market cap and better reflect its value compared to $10,997,988 in revenues for 2021. The company reported a 54.88% gross margin and a reduction in liabilities by 36% to $4,230,026. Cost-cutting measures have resulted in annual savings of $400,000. Bergio anticipates being cash flow positive in Q4 2022 as it continues to restructure its operations and launch new products.

Bergio International (OTC PINK:BRGO) reported Q3 2022 financial results, showing worldwide gross sales of $1,318,851, a decrease from $2,175,342 the previous year. However, revenue for the nine months ended September 30, 2022 rose to $5,873,599, up from $5,461,676 year-over-year. Gross profit margin improved to 54.88% from 35.13% last year. Notably, total liabilities decreased by 36%, while stockholder equity increased by 31%. Looking ahead, management anticipates profitability for Q4 2022.

Bergio International (OTC PINK:BRGO) is set for significant growth following operational changes, including a new fulfillment center in Pennsylvania. These adjustments have led to a nearly $400,000 annual reduction in operating costs. CEO Berge Abajian highlighted that the expired contracts from the previous owners have allowed the company to implement cost-saving measures. Although a soft 3rd Quarter is anticipated, a profitable Q4 is expected due to new product launches and promotions. Initiatives taken are projected to positively impact financial results in Q4 and into Q1 of 2023.

Bergio International, Inc. (OTC PINK:BRGO) reported a strong financial performance for Q2 2022. Worldwide gross sales reached $2,459,197, marking a 15% increase year-over-year, while total sales for the first half of the year rose by 34% to $4,554,748. The company achieved a net profit increase of over 100% compared to Q2 2021, with liabilities decreasing by over $2.6 million and stockholder equity rising by more than $1.7 million to $5,514,662. CEO Berge Abajian expressed confidence in continued growth and improved stockholder value.

Bergio International reported a successful first Amazon Prime Day, achieving net sales 2.3 times higher than the monthly average for June. The event saw over 300 million items sold globally, generating $11 billion in sales. Bergio utilized strategies like 30% discounts and increased ad spending, leading to significant traffic and conversion rates. The company aims to capitalize on this momentum by introducing new sentimental products, projecting daily sales in the high four to five figures. These initiatives highlight Bergio's capacity to leverage eCommerce effectively.