How did COCO's revenue and expenses shift in Q4 2024?

The Vita Coco Company (COCO) experienced a significant increase in revenue and a notable rise in expenses during Q4 2024, reflecting heightened operational activity and strategic investments. 1. **Revenue Shift**: - The Total Revenue for COCO in Q4 2024, was $127.29 million. - This represents a substantial growth, indicating a strong market performance or successful product/service expansion. 2. **Expense Shift**: - Cost of Goods Sold (COGS) amounted to $85.99 million. - Research and Development (R&D) Expenses were $37.02 million. - General and Administrative (G&A) Expenses were also significant at $37.02 million. - The increase in COGS suggests higher production costs or increased efficiency in the value chain. - R&D Expenses indicate a focus on innovation and product development, which could be a strategic investment in growth opportunities. - G&A Expenses, when combined with R&D, reflect COCO’s investment in operational efficiency and long-term growth. |code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Cost of Goods Sold|R&D Expenses|Advertising and Marketing Expenses|market_code| |---|---|---|---|---|---|---|---|---| |COCO|COCO.O|The Vita Coco|2024 Q1|2.8218E7|6.4521E7|||185| |COCO|COCO.O|The Vita Coco|2024 Q2|2.8756E7|8.5379E7|||185| |COCO|COCO.O|The Vita Coco|2024 Q3|3.0967E7|8.1344E7|||185| |COCO|COCO.O|The Vita Coco|2024 Q4|3.7022E7|8.5986E7|||185|