Bergio International, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 27, 2021 at 04:46 pm
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Bergio International, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 1.149 million compared to USD 75,393 a year ago. Operating loss was USD 365,082 compared to USD 179,016 a year ago. Net loss was USD 477,622 compared to USD 1.470 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.07 a year ago.
Bergio International, Inc. is engaged in the product design, manufacturing and distribution of fine jewelry primarily in the United States. Its products consist of a range of jewelry styles and designs made from precious metals, such as gold, platinum and Karat gold, as well as other precious stones. Its product range is divided into three fashion lines: an 18 karats (K) gold line, a bridal line, and a couture and/or one of kind pieces. The Bergio brand is associated with handcrafted and individually designed pieces with European sensibility, Italian craftsmanship and a bold flair for the unexpected. The Bergio brand designs consist of upscale jewelry that includes white diamonds, yellow diamonds, pearls, and colored stones, in 18K gold, platinum, and palladium. It designs and produces approximately 100 to 150 product styles. Its manufacturing control over its line as a result of having a manufacturing facility in New Jersey as well as subcontracts with facilities located in Italy.