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. reports developments for a portfolio of alcoholic and non-alcoholic beverage brands. Its recurring updates cover brand distribution for Pulpoloco sangria, SALT flavored tequilas, Copa di Vino wine by the glass, and hydration or recovery drinks, including retail authorizations and state-level alcohol-market access.
Company news also includes operating and financial results calls, capital-structure updates, private-placement activity, material agreements, shareholder voting matters, and governance changes. These items reflect Splash Beverage Group's model of managing and expanding consumer beverage brands through retail channels, distribution relationships, and public-company financing activity.
Goldman Small Cap Research has released a research report on Splash Beverage Group, Inc. (NASDAQ:SBEV), showcasing the company's potential for growth. Headquartered in Florida, SBEV is expanding its diverse beverage portfolio, which includes brands like Copa di Vino and SALT. The report emphasizes a predicted revenue increase from $11M in 2021 to $30.7M in 2023. Despite a strong sales growth forecast of 52.8%, SBEV's P/S ratio remains low at 1.4x compared to the industry average of 5x, indicating significant investment potential.
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Splash Beverage Group (SBEV) reported Q3 2022 financial results, showing a 73% increase in gross sales to $5.1 million, up from $2.9 million year-over-year. Revenue for the nine-month period rose 64% to $14.0 million.
The net loss narrowed to $5.1 million compared to $12.1 million in the prior year. The company attributed this reduction to increased revenue and lower operating expenses. Cash and equivalents decreased to $2.6 million as of June 30, 2022. Splash Beverage is evaluating credit facilities to support its expansion.
Splash Beverage Group, a leading beverage brand portfolio company, announced that CEO Robert Nistico will present virtually at the Sidoti Investor Conference on November 9, 2022, at 9:15 am ET. The presentation is accessible via live stream, and investors can also engage in one-on-one meetings during the conference. Splash's diverse brand portfolio includes Copa di Vino, SALT flavored tequilas, and more. This event reflects Splash's commitment to investor engagement and showcases its expanding presence in the beverage industry.
Splash Beverage Group (SBEV) has announced a partnership with the University of Alabama's Athletics Department, making Copa Di Vino the exclusive wine at various events, including NCAA football games. This collaboration will enhance Copa Di Vino's brand visibility, as it will be featured in broadcast and digital advertising associated with the athletics program. With over 1.4 million spectators annually and a significant fan base, this deal positions Copa Di Vino to capitalize on increased sales opportunities in large venues.
Splash Beverage Group (SBEV) announced the distribution of its TapouT performance drink across New Mexico, partnering with Admiral Beverage Corporation. This collaboration aims for extensive state coverage, utilizing Admiral's established distribution network, which spans four locations including Albuquerque and Santa Fe. The deal will initially cover all TapouT SKUs, with potential for expansion into additional locations. The partnership strengthens Splash's market presence as it continues to grow its beverage portfolio.
Splash Beverage Group (SBEV) announced the launch of its Copa Di Vino single-serve premium wine in all 70 Texas Love’s Travel Centers. This move marks a significant step into the convenience retail market, targeting consumers on major highways. Love’s has over 590 locations nationwide, providing 24-hour access to various services. Copa Di Vino is known for its innovative approach, requiring no bottles or corkscrews. CEO Robert Nistico emphasized the growing trend of single-serve wine as a key product for convenience stores, enhancing Splash's brand visibility.
Splash Beverage Group (SBEV) announced a partnership with NFL legend Drew Brees to promote the TapouT brand. Brees will become an equity investor in Splash and collaborate on product development for athletes. He emphasized the benefits of TapouT's clean-ingredient performance drink, aimed at youth sports and hydration alternatives. CEO Robert Nistico highlighted Brees' expertise in nutrition and the significance of his equity stake, showcasing confidence in the brand's future. This partnership aims to enhance brand visibility and credibility within the competitive beverage industry.
Splash Beverage Group (NYSE American: SBEV) announced a common stock offering expected to generate approximately $3.1 million in gross proceeds. This funding aims to bolster inventory levels to meet growing distribution demands following recent agreements with major retailers including Target and 7-11. CEO Robert Nistico emphasized the importance of maintaining stock levels during this critical growth phase as the company expands its retail presence and distribution networks.
Splash Beverage Group (SBEV) announced an underwritten public offering of 2,000,000 shares of common stock priced at $1.55 per share, aiming for gross proceeds of approximately $3.1 million. The offering includes a 45-day option for underwriters to purchase an additional 300,000 shares. The proceeds will support distribution and retail expansions. The closing is anticipated on or about September 27, 2022, pending customary conditions. The offering is made via a shelf registration statement declared effective on October 8, 2021.