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.
Splash Beverage Group (SBEV) reported Q1 2022 gross sales of $4.1 million, marking an 86% increase from the previous year. This growth was driven by rising sales in the single-serve wine sector and B2B/B2C ecommerce. Gross profit rose to $832K from $517K, although net losses increased to $5.7 million due to higher operating costs. The company ended the quarter with $8.5 million in cash and less than $1 million in long-term liabilities, indicating a solid balance sheet position.
On May 4, 2022, Splash Beverage Group (NYSE American: SBEV) announced that its TapouT Performance Drink will be available through Bashas’ Family of Stores, starting June 1, 2022. This partnership enhances TapouT's distribution in Arizona, leveraging Bashas’ established grocery network. Robert Nistico, CEO, highlighted that this agreement builds credibility in key markets, following a prior deal with Kalil Bottling Company. Bashas’ has over 100 stores across Arizona and aims to provide quality products and service.
Splash Beverage Group, Inc. (SBEV) has announced a distribution agreement with Beechwood Sales & Service to expand the availability of TapouT performance drinks across Wisconsin. Beechwood has been a dealer of Anheuser-Busch since 1987 and services numerous accounts from three warehouses. CEO Robert Nistico emphasized that this agreement strengthens their foothold in the Upper Midwest, complementing previous partnerships like Tri County Beverage in Michigan. TapouT drinks feature an advanced formula for hydration and recovery, enhancing their product appeal in the growing performance drink market.
Splash Beverage Group (NYSE American: SBEV) announced the appointment of Ron Wall as its new Chief Financial Officer, effective May 2, 2022. Wall brings over 25 years of financial leadership experience in the beverage industry, having served as CFO at William Grant & Sons. His role at Splash will focus on overseeing all financial aspects, including accounting, tax, financial planning, and M&A activities. CEO Robert Nistico expressed confidence in Wall's ability to drive growth through acquisitions and contribute to the company's strategic vision.
Splash Beverage Group, NYSE American: SBEV, announced that CEO Robert Nistico will present at NobleCon18 on April 20, 2022, at the Hard Rock Hotel & Casino in Hollywood, Florida. The presentation starts at 1:00 PM EST, with a breakout session at 1:45 PM at Table 7. A video webcast will be available the next day on the company’s website and Noble’s conference site. Splash Beverage Group focuses on developing a portfolio of innovative alcoholic and non-alcoholic beverages, including Copa di Vino and SALT tequilas.
Splash Beverage Group (NYSE American: SBEV) has announced that its premium brands, Pulpoloco and Copa di Vino, will be available at all 76 home games of the Los Angeles Dodgers during the 2022 MLB season. The agreement highlights the popularity of single-serve formats in large venues, with Dodger Stadium accommodating up to 50,000 fans. CEO Robert Nistico expressed optimism about the partnership, aiming to leverage the relationship with AB ONE for substantial distribution. The products will be served at concession stands and kiosks, enhancing brand visibility.
Splash Beverage Group, NYSE American: SBEV, issued a correction regarding its previous press release from March 22, 2022. The company clarified that Kalil Bottling is not affiliated with the Body Armor brand through Keurig Dr Pepper (KDP), deeming the earlier claim about being KDP's largest distributor inaccurate. Splash Beverage is known for its innovative beverage portfolio, including Copa di Vino and SALT flavored tequilas, and is focused on rapidly developing and expanding its brands globally.
Splash Beverage Group, Inc. (SBEV) reported a significant revenue increase for Q4 2021, totaling $3.06 million, which is a 183% rise year-over-year. For the full year, revenues reached $11.3 million, up 391% from 2020. Gross margins also improved, with Q4 gross margin at $339K and full-year at $2.6 million. Despite a net loss of $5.8 million in Q4, down from $13.2 million, the company ended the year with $4.1 million in cash. CEO Robert Nistico highlighted the successful equity raise and new distribution agreements as key growth drivers.
Splash Beverage Group (NYSE American: SBEV) has announced a distribution agreement with Northern Eagle Beverage to supply its products, including SALT Tequila, Copa di Vino wines, and Pulpoloco Sangria, across four counties in New Jersey: Bergen, Hudson, Essex, and Passaic. This partnership expands access to densely populated regions, with Bergen County being the most populated in the state. CEO Robert Nistico highlighted the credibility gained from the relationship with InBev’s AB-ONE and anticipates increased revenue from this expansion.
Splash Beverage Group (SBEV) announced a significant agreement with Kalil Bottling to enhance the distribution of its TapouT Sports Performance Drink. Kalil Bottling, a leading distributor in the western US, covers Arizona and several populous areas in Utah, Colorado, New Mexico, and Texas. This partnership capitalizes on the void left by Body Armor's transition to Coke, presenting an opportunity for increased market penetration. CEO Robert Nistico emphasized that this deal will strengthen their product offerings and potentially boost revenue.