Bergio International, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2018
January 11, 2019 at 05:20 pm
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Bergio International, Inc. announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced sales was USD 62,313 compared to USD 225,980 a year ago. Operating loss was USD 133,963 compared to USD 49,485 a year ago. Net loss was USD 152,281 compared to net income of USD 32,322 a year ago. For the nine months, sales was USD 272,184 compared to USD 408,648 a year ago. Operating loss was USD 332,111 compared to USD 140,647 a year ago. Net loss was USD 413,467 compared to USD 99,267 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.