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.

COCO Selling, General, and Administrative Expenses, Cost of Goods Sold