Welcome to our dedicated page for Koios Beverage news (Ticker: FITSF), a resource for investors and traders seeking the latest updates and insights on Koios Beverage stock.
Koios Beverage Corp (FITSF) is a pioneer in functional beverages combining nootropics and organic compounds to enhance cognitive performance. This news hub provides investors and industry observers with timely updates on the company’s strategic developments across its growing network of 5,100+ US retail locations.
Access official press releases and curated analysis covering product innovations, distribution partnerships, and financial milestones. Our repository serves as a centralized source for tracking Koios’ advancements in creating brain-boosting beverages featuring MCT oil and science-backed formulas.
Discover updates on retail expansions, ingredient research breakthroughs, and leadership initiatives driving the company’s mission to redefine functional drinks. Bookmark this page for streamlined access to verified information about FITSF’s market position and industry impact.
Koios Beverage Corp. (CSE: FIT; OTC: FITSF) announced the expansion of its Fit Soda beverage line with three new flavors: Cherry Slushee, Rainbow Sherbet, and Rocket Pop. The updated cans will be available from May 1, 2023. This expansion aims to enhance brand visibility and meet customer demands, with some flavors exclusively available to select retail partners. YAGO data from SPINS shows significant sales growth across retail channels, indicating the brand's popularity. The company highlights its commitment to innovation and retail sales following a recent private placement, positioning itself for continued growth in the competitive beverage market. CEO Chris Miller expressed confidence in the new flavors’ potential to boost sales.
Koios Beverage Corp. reported impressive financial growth for Q3 2022, achieving a 278% increase in revenue, rising to $746,264 from $259,588. Gross margins improved significantly to 55.32%, a rebound from a negative -82.29% in Q2 2021. The company reduced overall expenses in multiple areas, including a 69.78% decline in office costs. Cash holdings soared 678.92% to $2,038,838, indicating strong liquidity, while total liabilities increased to $2,164,582. Koios anticipates continued growth fueled by new product launches and expanded distribution.
