AwesomeStocks Hello! New Alert: Splash Beverage Group, Inc. (NYSE American: SBEV) SBEV is a high volatility alert with multiple recent developments. SBEV is a fast-growing company in two high growth segments, âalcoholic and non-alcoholicâ beverages. According to a recent Forbes headline: âAlcohol E-Commerce Expected To Reach $42 Billion By 2025â Furthermore, the growth rate is staggering, as this headline points out: âLed by the US, beverage alcohol ecommerce value expected to grow +66% across key markets 2020-2025â In addition, the non-alcoholic beverage market has continued to grow in popularity as ârising health consciousness has fueled the demand for natural ingredients drinksâ. The past few years have been an enormous accelerant for this growth. As a result, we are seeing new products emerge, new methods, new markets, and new sources of supply. SBEV âlisted its shares on the NYSE American in June of 2021â. SBEV âspecializes in manufacturing, distribution, sales & marketing of various beverages across multiple channelsâ. SBEV, an âinnovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands includingâ: - âCopa di Vino wines by the glassâ
- âSALT flavored tequilasâ
- âPulpoloco sangriasâ
- âTapouT performance hydration and recovery drinksâ The companyâs âstrategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categoriesâ. SBEV is âled by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billionsâ. Whatâs exciting is that SBEV âis rapidly expanding its brand portfolio and global distributionâ. The company has announced numerous accomplishments over the past few months. In June, the company announced: âSplash Beverage Group Reports 2023 First Quarter Financial Resultsâ Here are some of the highlights from this press release: - âNet Sales Rise 48% to $5.8 Millionâ
- âGross Profit Rises 36% to $1.8 Millionâ Here are some of the companyâs comments from this press release: âRobert Nistico, CEO of Splash Beverage Group said, âOur 2023 first quarter results are consistent with the preliminary results of $5.8 million in NET revenue ($6.1M gross), which is not only another record quarter for sales, but solid improvement in many of the key data points we outline in our April announcement, brands authorized in national and regional chains, selling universe as measured by more than 24,000 store doors. We continue to expand our footprint of distribution relationships such that we are now available throughout the US.â As the company further explained: ââAs we noted previously, one or more of our brands have been authorized in more than a dozen national and retail chains in the last six months. As I mentioned in the April update it takes time to activate all our new store door universe, but we have made good progress through the end of Q1 and have placed one or more of our brands on 3,120 new shelves.â Furthermore, the company also announced: - âSplash Beverage Groupâs TapouT Partners with Rising UFC Fighter Phil Roweâ
- âTapouT Launches New Sparkling Cognitive Energy Drink for Next-Level Functionalityâ
- âSplash Beverage Group Expands Distribution in Eastern USâ
- âSplash Beverage Group Enters Distribution Agreement with North Carolinaâs Coastal Beverage Companyâ In addition, last week, the company announced: âSplash Beverage Group Secures $10 Million Operating Capital Credit Facility, Raises Additional $2.7 Million With Legacy Investors and Retires S-3 Public Shelf Offeringâ Here are the highlights from this press release: âWe are very pleased to enter into this agreement and onboard capital from our existing investors. This $12.7 Million in total ensures the Company is well funded and will be used to fuel growth as we focus on reaching profitability,â said Robert Nistico, Chief Executive Officer of Splash Beverage Group. âThe flexibility and availability of this capital allows us to retire our existing public shelf offering, which underscores our commitment to prudent capital allocation and responsible financial management. We remain committed to delivering value to our shareholders and are focused on executing our strategic plans to drive sustainable long-term growth." Plus, the company also announced: âSplash Beverage Group Reports Second Quarter 2023 Financial Resultsâ Here are the highlights from this press release: - âQuarterly Revenues Rise 15%, Six Month Revenues Rise 31%â
- âQuarterly Gross Profit Increase 32%â
- âSix Month Gross Profit Increases 34%â Here are the companyâs comments from this press release: âRobert Nistico, Splash Beverage Groupâs Chairman and CEO, commented, âOur 2023 second quarter results reflect the strengths that we are developing as we grow the business as well as some of the challenges that inevitably emerge in growth businesses. Our Qplash platform, which has increased 43% in the first half of the year compared to last year, is developing very nicely on both a B2B and B2C basis and is now expanding to select international markets. We look for continued contributions from that business. Our quarterly beverage revenues were down slightly in the second quarter, but we attribute that to buying patterns of distributors which can have an impact of timing of sales. The first half beverage sales increased modestly at 7% overall, so we expect a greater upward trend the second half of the year. The beverage business generally âstair stepsâ itâs way to growth ⦠you focus on distribution, support those new placements with marketing and the cycle starts over again. In total, we are where we believe we are supposed to be.ââ But thatâs not all⦠On Monday, the company announced: âSplash Beverage Group Enters New and Expanded Agreements with Distributors Covering Chicago, Mississippi, and Georgiaâ Here are some highlights from this press release: - âannounced it has entered new or expanded distribution agreements with Chicagoâs Lakeshore Beverage, Mississippiâs Southern Beverage Company, and Georgiaâs United Distributorsâ
- âSplash Beverage also announced that one of the nationâs fastest growing pizza chains, Blaze Pizza, will carry Copa di Vino in nine locations across Southern California.â SBEV has multiple potential catalysts in its favor to experience high growth. Make sure to do your own due diligence. Sources: [Forbes]( [IWSR]( [CB]( [GVR]( [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [PR6]( [PR7]( [PR8]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term opportunities. Before investing in securities, you should always consult with your financial, tax and legal advisor and never invest money you cannot afford to lose. DISCLAIMER You should read and understand this disclaimer in its entirety before joining the website or email/blog list of AwesomeStocks.com (the âPublisherâ). 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