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.
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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.