HJOE | Hangover Joe’s Reports Earnings, Distribution Deals

HJOE Stock, Hangover Joe's, Hangover Joe's Recovery ShotEarnings for Hangover Joe’s Holding Corp. (HJOE) came in shortly after the closing bell on Wednesday and should boost long investor’s confidence. Reporting several new distribution agreements as well as the addition of several new retail programs across the U.S. on the heels of their first fully reporting quarter, HJOE stock is at the top of the list for long traders who want a chance to get in before the news goes viral. With purchase orders in-house and shipped orders exceeding $300,000 for the month of October through November 10, 2012, they have already almost exceeded their Q3 sales numbers.

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Market Cap: 20.45M
Close: 0.17, down -0.015 (-8.11%)
Volume: 2,475
Trades: 1
52 Week High (8/2/2012): 0.59
52 Week Low (7/23/2012): 0.04
Authorized: 150,000,000
Issued and Outstanding: 120,478,822

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For the three months ended September 30, 2012, Hangover Joe’s reported approximately $387,000 in net sales compared to $75,000 in net sales in the comparable period last year. The $312,000 or 416% increase from the comparable period last year was primarily due to higher sales volume from new distribution partners in the United States and Canada. Approximately $170,000 of this increase was due to initial sales order from the Company’s distribution partner in Canada.

Hangover Joe’s realized a gross profit of $142,000 or 37% of net sales compared to $41,000 or 55% of net sales during the same period last year.  Slightly lower average sales prices in 2012 combined with higher product royalty costs associated with the Warner Brothers license were the primary reasons for the decline in gross margin during 2012.

Although sales & marketing costs increased $229,000 or 763% to $258,000 for the three months ended September 30, 2012 as compared to $30,000 for the comparable period last year, Hangover Joe’s experienced a consolidated net loss of $394,000 for the three month period. The 416% increase in gross profit attributable to their distribution agreements are expected to increase based on the update from the Company on the current status of Q4 operations.

About HJOE Stock

Hangover Joe’s Holding Corporation sells an all-natural, two-ounce beverage, formulated to help relieve the symptoms associated with alcohol induced hangovers – the Hangover Recovery Shot. The Hangover Recovery Shot is also an officially licensed product of The Hangover movie series from Warner Brothers.

Last 5 Trading Sessions:

Date Last Change % Change Volume
11/14/12 0.1700 -0.0150 -8.11% 2,400
11/12/12 0.1850 +0.0075 +4.23% 7,000
11/09/12 0.1775 unch unch 1,200
11/08/12 0.1775 unch unch 100
11/07/12 0.1775 +0.0455 +34.47% 100

Click here to view the SEC filings for HJOE.

Bottom Line: HJOE is one of our favorite penny stocks, right up there with SOUP. Today’s news and last nights 10_Q filing might not be enough to get a million shares on HJOE stock to trade, but its hard to think when you see their inaugural financial reporting since becoming publicly traded that its not a great long.

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