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Tag: SBEV

  • Splash Beverage Group, Inc. (SBEV) Stock Surging in Early Trading, Here’s why.

    Splash Beverage Group, Inc. (SBEV) Stock Surging in Early Trading, Here’s why.

    Splash Beverage Group, Inc. (SBEV) owns a growing platform of alcoholic as well as non-alcoholic beverage brands. The company’s strategy to quickly develop initial stage brands along with the acquisition and acceleration of highly visible brands is the key to its success.

    The price of SBEV stock during the early trading on February 8, 2022, was last checked to be $4.73 with an increase of 11.03%.

    SBEV: Events and Happenings

    On February 08, 2022, SBEV updated about signing a distribution contract with Heimark Distributing for the supply of TapouT in the important Californian markets. On February 02, 2022, SBEV informed about signing a distribution deal with Tri-County Beverage for the supply of TapouT in Detroit.

    On January 27, 2022, the company updated about signing a distribution deal with D. Bertoline & Sons for the distribution of all brand beverages of the company. On January 25, 2022, SBEV informed that its increased-performance energy drink, TapouT was supplied via Arkansas-based Central Distributors.

    On January 19, 2022, SBEV was informed about the receipt of selling rights of the company’s Pulpoloco Sangria product line in Ralph’s Grocery stores. On January 11, 2022, SBEV announced the receipt of selling rights of the company’s TapouT drink in Florida at Walmart stores. On January 05, 2022, SBEV reported about winning the Graphic Design award from its design agency for its rebranded TapouT drink.

    SBEV: Key Financials

    On November 16, 2021, SBEV released its financial results for the three months ended September 30, 2021. Some of the main points are as follows.

    Revenue

    Revenue in Q3 2021 was $2.82 million compared to $0.69 million in the same quarter of 2020. The revenue showed an increase of 308% or $2.13 million over the period of the year.

    EPS

    Basic and diluted net loss per share in Q3 2021 was $12.1 million, or $0.4 compared to $2.08 million or $0.11 in the same period of 2020.

    Conclusion

    SBEV stock is 37% up the past six months period as the company announced various distribution agreements. The current early trading increase in its stock is the result of signing a distribution deal with the Heimark distribution network. The company’s product line is reaching local as well as global stores.

  • Splash Beverage Group Inc. (SBEV) stock Falls Under Corrections After Hours

    Splash Beverage Group Inc. (SBEV) stock Falls Under Corrections After Hours

    On Friday, Splash Beverage Group Inc. (SBEV) gained a huge 118.85% during the regular trading session, on news of Walmart authorization. Consequently, the stock fell under corrections in the after-hours session.

    In the regular session, the stock fluctuated between $1.94 and $4.43 to close the session at $4.18. Following the big hike, the stock lost 10.05% to corrections in the after hours. Hence, SBEV was trading at $3.76 apiece at 3.46 million shares in the after-hours session on Friday.

    Currently, the company has a market capitalization of $136.35 million with its 32.62 million shares outstanding.

    What Happened with SBEV?

    On January 11, Splash Beverage Group Inc. announced receiving Walmart authorization for selling its TaouT performance drink in Florida’s metropolitan area. Following the announcement, the stock added a huge $2.27 in the regular session. SBEV stock reached a high of $4.34 for the first time since its stock split on June 11, 2021. Hence, the stock was able to reach such s high after almost seven months. Resultantly, the stock was bound to fall under corrections soon. So, SBEV succumbed to corrections in the after-hours to shed its gains.

    In the past five days, the stock has added a humungous value of 298.10% and 245.45% last month. Further, the stock was able to add 8.01% last year.

    SBEV’s Authorization

    As per January 11’s announcement, the company can now sell its TapouT performance drink in Florida, beginning with Walmart stores in the metropolitan areas. Walmart has 341 stores in the state of Florida, making it the second-largest U.S. state by Walmart stores. Moreover, 47 Walmart stores in Florida are located in major metropolitan areas.

    According to the Chairman and CEO of SBEV, Robert Nistico, Walmart is highly selective in choosing brands. Hence, TapouT’s selection by Walmart is a huge step and great validation. This confirms the company’s goal of the performance beverage being in league with the biggest global brands and its ability to compete against them.

    In addition, Mr. Nistico also thanked Walmart, its distribution partner AB One, and the Anheuser Busch network for their role in the selection process.

    Q3 Financial Highlights

    On November 16, the company announced its financial results for the third quarter of 2021.

    In the third quarter of 2021, SBEV had revenue of $2,827,393, against $692,974 in the year-ago quarter. This marks a huge increase of 308% or $2,134,419 year over year.

    Furthermore, the loss from operations was $12.2 million in the third quarter of 2021, including $8.8 million from non-cash transactions.