Sign In  |  Register  |  About San Anselmo  |  Contact Us

San Anselmo, CA
September 01, 2020 1:33pm
7-Day Forecast | Traffic
  • Search Hotels in San Anselmo

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – Splash Beverage Group Inc. (NYSE American: SBEV) Releases Q3 2021 Financial Report

Splash Beverage (NYSE American: SBEV), an innovator in the beverage industry with a growing portfolio of alcoholic and nonalcoholic beverage brands, has filed its third-quarter 2021 report, for the period ended Sept. 30, 2021. Report highlights include 308% growth in quarterly revenues year over year, with Q3 numbers totaling $2,827,393, an increase of $2,134,419 over reported revenues of $692,974 in Q3 2020, as well as 578% year-over-year revenue growth in first nine months of the year. The company reported a $12.2 million loss from continuing operations during the three-month period; a $23.2 million loss from continuing operations was reported for the nine-month period. “We continue to build robust year-over-growth revenue growth driven by all brands in our portfolio with particular strength coming from Copa di Vino and Pulpoloco,” said Splash Beverage CEO Robert Nistico in the press release. “Our balance sheet remains strong with over $8 million in cash and equivalents, while most of our expenses were noncash. During and immediately following the third quarter, we signed four distribution agreements to expand our footprint and drive revenues, and we enhanced our product lines through new packaging for TapouT, ecofriendly packaging for Pulpoloco and a new four-pack for Copa di Vino. We expect strong growth in the fourth quarter as we anticipate signing additional key distribution agreements and benefit from the distribution agreements signed in Q3.”

To view the full press release, visit https://ibn.fm/yFjEJ

About Splash Beverage Group Inc.

Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and TapouT performance hydration and recovery drink. Splash’s strategy 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 categories. Led 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 billions, Splash is rapidly expanding its brand portfolio and global distribution. For more information about the company, please visit www.SplashBeverageGroup.com.

NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanAnselmo.com & California Media Partners, LLC. All rights reserved.