KonaRed Corp., Koloa, Hawaii, the manufacturer of premium Hawaiian Cold Brew and Whole Bean Coffee, announced that its comparative revenue grew by 132 percent from $174,000 in Q3 2015 to $404,000 for the three-month period ending Sept. 30. Revenue for the comparative nine-month period grew by 34 percent from $587,000 to $789,000, the company says.
Driven by strong cold-brew coffee sales, KonaRed’s new line of Cold Brew Coffees accounted for 76 percent of sales for Q3 2016’s three-month period and 54 percent for the nine-month period, it adds. During the year-to-date respective three-month periods, the company’s Cold Brew sales increased from $22,000 in Q1 to $99,000 in Q2, and to $307,000 in Q3, representing quarterly growth for Q1 to Q2 of 350 percent and 210 percent for Q2 to Q3, it says.