Bergio International, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
June 26, 2020 at 10:02 am EDT
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Bergio International, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was USD 75,393 compared to USD 137,109 a year ago. Operating loss was USD 179,016 compared to USD 62,057 a year ago. Net loss was USD 1.470 million compared to USD 90,848 a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.17 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.
BERGIO INTERNATIONAL, INC. 