NIA is excited to officially suggest one of the most rapidly growing publicly traded organic food companies: Organto Foods (TSXV: OGO) or OGOFF on the U.S. OTC. OGO is currently trading for $0.32 per share with approximately 250 million shares outstanding and a market cap of approximately $80 million.
OGO’s mission is, “Making fresh organic fruits and vegetables available for every consumer”. The company is working to build its "I AM Organic" brand into one of the strongest brands of organic fruits and vegetables in all of Europe. OGO has a rapidly growing customer base and currently distributes its products to approximately 100 active customers located in 13 European countries. OGO has been expanding its product lineup, with its current product offering including organic avocado, limes, blueberries, raspberries, mango, passion fruit, asparagus, ginger, fresh cut herbs, fine green beans, snow peas, sugar snaps, and others.
OGO operates using an asset-light business model which provides flexibility, scalability and cost efficiency. OGO sources its products from many countries in Europe, North and South America and Africa.
OGO has grown its revenue from $593,000 in 2017, to $1,537,000 in 2018, to $3,712,000 in 2019, and will soon be reporting its 4Q 2020 and year-end 2020 results with guidance for 2020 full year revenue recently raised to $11,400,000-$11,500,000. OGO expects to grow revenue in 2021 to $35,000,000-$37,000,000!
OGO’s trailing twelve month revenue has consistently increased for the last nine consecutive quarters and will grow for a 10th consecutive quarter after OGO reports its 4Q 2020 and year-end 2020 results!
Six quarters ago during 2Q 2019, OGO generated revenue of $62,458. One year later during 2Q 2020, OGO generated record quarterly revenue of $2,163,955 for year-over-year revenue growth of 3,360%! During OGO’s most recently reported quarter of 3Q 2020, OGO generated record quarterly revenue of $2,737,081 for quarter-over-quarter growth of 26.49%!
OGO’s quarter-over-quarter revenue growth is about to greatly accelerate for 4Q 2020. OGO is projecting their 4Q 2020 revenue to reach $4,900,000-$5,000,000. OGO was originally only projecting to generate 4Q 2020 revenue of $4,400,000-$4,600,000 but they recently raised their guidance to $4,900,000-$5,000,000, which will represent quarter-over-quarter revenue growth of 79.03%-82.68% or approximately triple OGO’s 3Q 2020 quarter-over-quarter revenue growth!
OGO was hoping to finish 2020 with an annualized revenue run rate of approximately $23,000,000-$25,000,000 and it appears as though they will exceed that with OGO estimating that they generated revenue in December 2020 alone of approximately $2,300,000 for an annualized revenue run rate of approximately $27,000,000! In 2021, OGO expects to grow their annual revenue to $35,000,000-$37,000,000 and finish the year at a revenue run rate of $50,000,000!
OGO’s Chair and co-CEO Steve Bromley previously built SunOpta (STKL) into one of the NASDAQ’s largest organic food companies. He joined STKL in 2001 as CFO before becoming STKL’s President & COO in 2004 and later becoming STKL’s CEO. During his 15 years at STKL, the company grew revenue from approximately US$100,000,000 to nearly US$1,400,000,000! Rients van der Wal, OGO’s co-CEO, based in Europe, also has an established track record of building businesses in the organic foods sector in Europe and brings over twenty years of direct experience to Organto.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from OGO of USD$30,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
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