Welcome to our dedicated page for Splash Beverage Group news (Ticker: SBEV), a resource for investors and traders seeking the latest updates and insights on Splash Beverage Group stock.
Splash Beverage Group, Inc. (NYSE American: SBEV) is a Nevada-based company focused on managing and growing brands in the consumer beverage industry, and its news flow reflects both brand activity and corporate developments. Company press releases describe Splash Beverage Group as owning a portfolio of alcoholic and non-alcoholic beverage brands, including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and performance hydration and recovery drinks such as TapouT. News items frequently highlight distribution wins, retail authorizations, financing transactions, governance changes, and strategic updates.
Recent news has included announcements about expanded distribution for Pulpoloco Sangria through retailers such as Total Wine & More across multiple U.S. states, as well as authorization for Chocolate SALT Tequila from the Pennsylvania Liquor Control Board, enabling placement in fine wine and spirits stores in Pennsylvania. These updates illustrate how Splash Beverage Group uses news releases to communicate progress in building out its distribution network and increasing retail availability for its brands.
On the corporate side, the company issues news about capital raising efforts, such as private placements of convertible notes and other financing arrangements intended to provide operating capital and support potential acquisitions. Press releases have also covered conference calls to discuss quarterly results and the state of the business, appointments of key executives and directors, and statements addressing going concern language in its annual report. These items give investors and other stakeholders insight into the company’s financial strategy, governance, and management priorities.
Visitors to the SBEV news page on Stock Titan can review this stream of announcements to understand how Splash Beverage Group is pursuing its stated strategy of rapidly developing early-stage brands, acquiring additional beverage brands, and expanding distribution. Regularly checking the news feed can help track developments in brand authorizations, financing, joint ventures, and other material events disclosed by the company.
Splash Beverage Group (SBEV) reported significant revenue growth in its Q2 2021 results. The company achieved a revenue of $3,287,760, marking a 36% increase from Q1 and a remarkable 696% year-over-year growth. In the first half of 2021, revenues reached $5,426,684, a 934% increase from the same period in 2020. The company uplisted to the NYSE American and raised approximately $15 million through a public offering. This financial boost positions Splash for stable operations and growth, with revenue guidance for 2021 set at $15.97 million.
AUSTIN, Texas, July 29, 2021 (GLOBE NEWSWIRE) -- SmallCapVoice.com Inc. announces an interview with Robert Nistico, CEO of Splash Beverage Group (SBEV), discussing the company's strategy, market trends, and financial guidance. Splash Beverage, active in both non-alcoholic and alcoholic beverage sectors, emphasizes acquisitions as a key growth tactic. The company projects revenues of $4.14 million for Q3, $5.78 million for Q4, and $15.97 million for FY 2021. Nistico highlights the importance of the last quarter, which typically accounts for 40% of annual sales.
Splash Beverage Group (SBEV) announced a partnership with Southern Eagle Distributing to market SALT Tequila to over 2,000 retailers in Florida. This strategic move leverages the existing network of 82 Anheuser Busch distributors, enhancing Southern Eagle's portfolio, which includes numerous popular brands. The SALT brand targets a rapidly growing segment in the spirits market, with U.S. tequila consumption increasing by 14%. Splash believes this collaboration will drive growth and prove effective in their investment strategy.
On July 19, 2021, Splash Beverage Group (SBEV) corrected its Q3 revenue to $4.14 million, down from an initially stated $5.78 million. This revised figure represents a 34% sequential increase and a remarkable 310% year-over-year growth. Looking ahead, the company projects Q4 2021 revenue to reach $5.78 million, with a total expected revenue of $15.97 million for the fiscal year, equating to 436% growth compared to 2020. Splash continues to expand its market presence through key distribution agreements and brand integrations.
Splash Beverage Group (SBEV) has provided forward-looking revenue guidance for Q3 and Q4 2021, anticipating revenues of $5.78 million for both quarters. This represents a 34% sequential increase and a staggering 310% year-over-year growth in Q3. The company projects total revenues for FY 2021 to reach $15.97 million, indicating a 436% year-over-year increase. Key business developments include successful distribution agreements, international expansion in China, and the recent uplisting to the NYSE/American Exchange.
Splash Beverage Group (SBEV) announced the integration of Oracle's NetSuite software into its ecommerce platform, Qplash, enhancing operational efficiency from order to shipment. This platform targets both B2B and B2C markets, facilitating direct-to-consumer sales for their alcoholic and non-alcoholic beverage brands. With 21 states now permitting spirit shipments directly to consumers, SBEV anticipates increased gross margins and a swift geographic expansion. The system optimizes expansion into new warehouses, supporting their multichannel strategy and enhancing profitability nationwide.
Splash Beverage Group (NYSE American: SBEV) has announced that its SALT Tequila will now be distributed by Eagle Brands Inc., a prominent distributor in the Miami-Dade County area. This partnership enhances SALT Tequila's visibility, targeting nearly 3 million people in the region and enabling multiple launch activities. SALT Tequila is a 100% Blanco agave tequila available in flavored options and aims to tap into the rapidly growing tequila market, which has seen a 14% increase in annual consumption in the U.S.
Splash Beverage Group (SBEV) has secured a transformative distribution deal in China, adding to six existing agreements, positioning the company for substantial growth in 2021. The management team, noted for its success with Red Bull, has raised $24 million and eliminated convertible debt. In Q1, SBEV reported an impressive 2058% revenue surge, propelled by brands like Copa Di Vino and SALT Tequila. The company aims for national expansion, particularly with Walmart, which could significantly enhance its market valuation.
Splash Beverage Group (SBEV) has partnered with Great Bay Distributors Inc., Florida’s leading independent distributor of Anheuser Busch products. This agreement expands the reach of SALT Tequila to nearly 3 million consumers in the St. Petersburg area. SALT Tequila, a premium 100% Blanco agave tequila, is now distributed by six Anheuser Busch distributors in Florida. The deal aims to enhance the market presence of SALT Tequila amidst a growing demand for flavored spirits, with U.S. tequila consumption rising by 14% annually.
Splash Beverage Group (SBEV) has announced significant advancements in sustainability with its CartoCan® packaging, which uses 30% less raw material and is certified by the Forest Stewardship Council. This eco-friendly packaging aligns with consumer demand, as 66% of consumers are willing to pay more for sustainable products. The company has reported a 71% rise in Pulpoloco Sangria sales, underlining its commitment to sustainably focused brands. CartoCan also reduces energy costs, being shelf-stable for 12 months, creating substantial value for SBEV.