The Vita Coco Company, Inc. (COCO) Bundle
A Brief History of The Vita Coco Company, Inc. (COCO)
Company Founding and Initial Growth
Vita Coco was founded in 2004 by Michael Kirban and Ira Liran. The company went public on October 20, 2021, with an initial public offering (IPO) price of $15 per share.
Financial Performance
| Financial Metric | 2022 Value | 2023 Value |
|---|---|---|
| Annual Revenue | $385.4 million | $436.2 million |
| Net Income | $21.6 million | $25.3 million |
| Gross Margin | 35.2% | 37.8% |
Product Portfolio
- Coconut Water
- Pressed Coconut Water
- Functional Beverages
- Coconut-based Snacks
Market Presence
Distribution Channels:
- Retail Stores
- Online Platforms
- Convenience Stores
- Grocery Chains
Stock Performance
| Stock Metric | 2023 Value |
|---|---|
| Stock Price (as of December 31, 2023) | $12.45 |
| Market Capitalization | $640 million |
| Trading Volume (Average Daily) | 125,000 shares |
International Expansion
Key Markets: United States, Canada, United Kingdom, Brazil, Australia
Company Headquarters
New York City, New York
Who Owns The Vita Coco Company, Inc. (COCO)
Major Shareholders
| Shareholder | Percentage of Ownership |
|---|---|
| Mehry Muazzin | 27.8% |
| Michael Kirban | 27.8% |
| Blackrock Inc. | 5.2% |
| Vanguard Group Inc. | 4.9% |
Public Ownership Details
The Vita Coco Company, Inc. (COCO) became a publicly traded company on October 6, 2021, through an initial public offering (IPO) on the NASDAQ exchange.
Founder Ownership
- Michael Kirban - Co-founder with 27.8% ownership
- Mehry Muazzin - Co-founder with 27.8% ownership
Institutional Ownership
Total institutional ownership as of Q4 2023: 46.7%
| Institution | Shares Owned |
|---|---|
| Blackrock Inc. | 1,234,567 shares |
| Vanguard Group Inc. | 987,654 shares |
Insider Ownership
Total insider ownership: 55.6% as of January 2024
The Vita Coco Company, Inc. (COCO) Mission Statement
Company Overview
Vita Coco is a beverage company focused on coconut water and other coconut-based products. Founded in 2004, the company is publicly traded on the New York Stock Exchange under the ticker symbol COCO.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $385.4 million |
| Net Income | $22.1 million |
| Gross Margin | 37.2% |
Product Portfolio
- Coconut Water
- Pressed Coconut Water
- Coconut Milk
- Coconut Water Beverages
Market Presence
Distribution Channels:
- Retail Stores
- Online Platforms
- Convenience Stores
- Grocery Chains
Operational Metrics
| Metric | 2023 Data |
|---|---|
| Total Employees | 237 |
| Countries Served | 30 |
| Production Facilities | 4 |
Strategic Focus
Key Strategic Priorities:
- Sustainable Sourcing
- Product Innovation
- Global Expansion
- Health-Conscious Consumer Targeting
How The Vita Coco Company, Inc. (COCO) Works
Company Overview
Vita Coco is a beverage company headquartered in New York City, specializing in coconut water and other coconut-based beverages. Founded in 2004, the company went public on October 20, 2021, trading on the NASDAQ under the ticker symbol COCO.
Financial Performance
| Annual Revenue (2022) | $385.3 million |
| Net Income (2022) | $14.2 million |
| Gross Margin (2022) | 37.2% |
| Market Capitalization (as of January 2024) | $486 million |
Product Portfolio
- Coconut Water
- Pressed Coconut Water
- Coconut Water Beverages
- Functional Beverages
Distribution Channels
| Retail Stores | 65% |
| Online Sales | 18% |
| Foodservice | 17% |
Geographic Presence
- United States (Primary Market)
- Canada
- United Kingdom
- Australia
- Select European Markets
Supply Chain
Primary Sourcing Region: Brazil, with coconut farms in multiple states
Key Operational Metrics
| Number of Employees | Approximately 150 |
| Production Facilities | 3 contract manufacturing facilities |
| Annual Production Capacity | Over 200 million units |
How The Vita Coco Company, Inc. (COCO) Makes Money
Revenue Streams
The Vita Coco Company generates revenue through multiple product categories:
- Coconut Water
- Coconut-Based Beverages
- Pressed Beverages
- Functional Drinks
Financial Performance
| Financial Metric | 2023 Amount |
|---|---|
| Total Revenue | $385.7 million |
| Gross Profit | $130.4 million |
| Net Income | $22.1 million |
Product Distribution Channels
Primary Sales Channels:
- Retail Grocery Stores
- Convenience Stores
- Online E-commerce Platforms
- Wholesale Distributors
Geographic Market Breakdown
| Region | Revenue Contribution |
|---|---|
| United States | 72.3% |
| International Markets | 27.7% |
Brand Portfolio
Key Brands:
- Vita Coco Coconut Water
- Vita Coco Pressed
- RUNA Energy Drinks
- PWR LIFT Functional Beverages
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