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NewAge, Inc. (NBEV) has acquired Japan-based Aliven, Inc., enhancing its presence in the global market. This acquisition is projected to contribute over $20 million in annual revenue and more than $3 million in annual EBITDA. Aliven, established 15 years ago, offers a portfolio of healthy products utilizing cultured stem cells and patented technology. NewAge issued approximately 1 million shares as part of the deal. The company aims to integrate Aliven immediately, bolstering its leadership in Japan's health and wellness market.
NewAge, a healthy products company listed on Nasdaq under the symbol NBEV, announced that CEO Brent Willis will present at the Jefferies Social Selling Summit on May 26, 2021. The fireside chat, focusing on the evolution of social selling, will include a discussion with Stephanie Wissink from Jefferies. The event will feature one-on-one and small group meetings to outline NewAge's strategic growth initiatives. Investors can access the presentation on the company's investor relations website.
NewAge, Inc. (Nasdaq: NBEV) reported a record net revenue of $125.5 million for Q1 2021, nearly double year-over-year, primarily driven by the acquisition of ARIIX. Gross profit surged 111% to $87.4 million, achieving a gross margin of 70%. The net operating loss improved to ($3.5) million from ($10.4) million in Q1 2020. Adjusted EBITDA reached $2.9 million, compared to a loss of ($6.8) million a year prior. CEO Brent Willis highlighted strong growth in direct/social selling, with plans for further acquisitions including Aliven in Japan.
NewAge, Inc. (Nasdaq: NBEV) will announce its financial results for Q1 2021 on May 10, 2021, before the market opens. The company aims to become a leading social selling and distribution firm, marketing organic and healthy products through a vast network of over 400,000 distributors. A conference call for investors will be held at 8:30 a.m. ET, followed by a Q&A session. Investors can also access a webcast of the call. Forward-looking statements are included in the release, reflecting management's expectations about future performance.
NewAge has launched Nutrifii Kids Chewable Multivitamin, aimed at enhancing children's health and immunity. This sugar-free product, developed using advanced micro-compression technology, has already seen success with over $3 million in sales on its first day. The global dietary supplements market, valued at $140.3 billion in 2020, is projected to grow at a CAGR of 8.6% through 2028. NewAge aims to tap into this market leveraging its network of over 400,000 brand partners.
NewAge, Inc. (Nasdaq: NBEV) reported record net revenue growth in Europe, with significant increases in new Brand Partners and virtual event attendance. The company, formed from the merger of ARIIX and other e-commerce firms in 2020, is experiencing triple-digit organic growth under Region President Cameron Bott. Tens of thousands of new Brand Partners and customers have joined recently. The company has enhanced its virtual event capabilities, reaching over 18,000 attendees across 21 countries. The shift to digital marketing has positively influenced revenue growth amid pandemic-related changes.
NewAge, a Colorado-based organic products company, has launched the Lucim™ Mineral Sunscreen SPF 30 as part of its skincare line, which generated nearly $10 million in revenue within its first 90 days. This sunscreen is free from chemical UV filters and suitable for sensitive skin, making it kid-safe and reef-safe. NewAge aims to capture a share of the estimated $8.5 billion global sunscreen market. The product addresses environmental concerns regarding traditional sunscreens and will soon be available in the Greater China market, with plans for expansion to Japan, Australia, and Europe.
NewAge, Inc. (NBEV) reported a significant 53% increase in net revenue for Q4 2020, reaching $90.4 million. The company also registered an adjusted EBITDA of $2.9 million, marking its first positive EBITDA quarter in nearly two years. Full-year revenue was $279.5 million, a 10.2% increase from 2019. The net loss improved by $61.8 million year-over-year, totaling $4.0 million for Q4. The company attributed growth to the ARIIX acquisition and organic sales in key markets. NewAge aims for continued growth through strategic acquisitions and enhancing its social selling model.
