Oxford efficiency product maker Go Green Global Technologies lost $525,864 in 2014, but its revenue of $158,997 for the year was a 75 percent increase over 2013.
The company, which makes fuel and water products that increase the efficiencies of their process, announced its year-end results on Monday. The majority of the loss, the company said in its filing, was due to moving its Italian manufacturing operations to Connecticut.
Despite the startup company having relatively low sales and net losses in 2014, Go Green is predicting a large increase this year as its sales pipeline has grown to $3 million, which it expects to fully realize in 2015.