SEATTLE — Organic To Go has reported preliminary unaudited financial results for the fourth quarter ended Dec. 31, 2007.
Revenues for the quarter increased 60 percent to approximately $4.7 million, as compared with revenues of $2.9 million in the same quarter last year.
The company also reported retail sales of approximately $2.1 million for the quarter while delivery sales grew to approximately $1.9 million and wholesale sales were approximately $716,000, increases of 71 percent, 47 percent and 65 percent respectively, over the same period last year.
For the year, revenues increased 65 percent to approximately $15.9 million, as compared with revenues of $9.7 million in the prior year. The company also reported retail sales grew to approximately $7.1 million for the year while delivery sales grew to approximately $6.6 million and wholesale sales were approximately $2.2 million, increases of 36 percent, 97 percent and 99 percent respectively over the same period last year.
Organic To Go operates 26 cafés, more than 120 wholesale locations, 14 university and nine Los Angeles International Airport locations.
