DENVER — Jammin Java Corp. has issued the a letter to its shareholders in connection with its preliminary unaudited anticipated financial results for the three months ended January 31, 2015 and the fiscal year ended January 31, 2015.
Highlights
- Projected record revenue of $10 million, an increase of 65.7% compared to the prior year with a $17-20 million forecast for revenue for the following fiscal year (F16);
- Record Gross profit increase of ~236% from a year ago;
- Global expansion
- Launch of ecommerce site and subscription model;
- $1.5 million in short term capital credit extensions; and
- Donated ~$83,000 to Waterwise Coffee (www.waterwisecoffee.com) to clean up the rivers in Ethiopia, which equals $0.01 from each RealCup sold during the last fiscal year.
The letter can be read at this link.
