Splash Beverage Group, Inc. - SBEV STOCK NEWS

Splash Beverage Group (NYSE American: SBEV) has appointed TraDigital IR to enhance its financial marketing and establish relationships within the investment community. CEO Robert Nistico highlighted significant milestones since their uplisting, including a distribution agreement with AB One and new product lines. TraDigital aims to leverage Splash's management experience with leading brands like Red Bull and DIAGEO to support growth. This partnership signals Splash's commitment to expanding its presence in the beverage market.

On November 17, 2021, Splash Beverage Group (SBEV) announced a distribution agreement with AB ONE, expanding the availability of its brands, including TapouT performance drink, Copa di Vino wine, and Pulpoloco sangria, across key U.S. markets like New York, Boston, and Los Angeles. This partnership will enhance Splash’s multi-state distribution footprint and is expected to reach approximately 50,000 retail accounts, providing significant growth opportunities for the company.

Splash Beverage Group (SBEV) reported significant financial growth in its Q3 2021 results, showing a 308% increase in quarterly revenues to $2,827,393 compared to $692,974 in Q3 2020. For the first nine months of 2021, revenues surged by 578% to $8,254,078. Despite this growth, the company faced a $12.2 million loss from continuing operations in Q3, largely due to non-cash transactions. The CEO highlighted successful distribution agreements and anticipated strong growth moving forward, supported by a robust balance sheet with over $8 million in cash.

Splash Beverage Group (NYSE American: SBEV) announced a rebranding of its TapouT performance hydration-recovery drink, set for launch in January 2022. This move targets the expanding $7 billion performance drink market, responding to consumer shifts towards fitness and nutrition. The new label, featuring bilingual English and Spanish text, highlights zero sugar, clean ingredients, and various health benefits. The rebranding aims to enhance shelf presence and appeal to a broader consumer base, positioning TapouT to secure better distribution channels.

Splash Beverage Group (SBEV) has launched a new Copa di Vino 4-pack to celebrate the brand's 10th anniversary, enhancing its presence in grocery and mass-market channels. The new packaging features a clear cutout to showcase the premium wine cups, retailing at approximately $11.99, with promotional prices as low as $9.99. Distribution of the 4-packs has commenced nationwide, aiming to facilitate higher sales volume. Bill Meissner, President and CMO, highlights the product as a way for consumers to enjoy their favorite wine in larger quantities.

Splash Beverage Group (SBEV) has expanded its distribution agreement with Eagle Brands to include TapouT non-alcoholic performance drinks, enhancing its market reach in Miami. Eagle Brands distributes to over 4,500 retail locations in Dade and Monroe counties. The TapouT brand targets the health-conscious demographic, especially given Miami's ranking as the healthiest city in America. CEO Robert Nistico emphasized the importance of this partnership in leveraging Eagle's distribution network, which has previously supported their brands like Copa di Vino and SALT Tequila.

Splash Beverage Group (SBEV) announced its participation in the 84th Annual NBWA Convention & Trade Show in Las Vegas from October 3-6, 2021. This event, crucial for wholesalers and distributors, allows Splash to showcase its brands like SALT Tequila, Copa di Vino, and Pulpoloco Sangria to over 500 distributors. CEO Robert Nistico expressed optimism about meeting potential distributors and expanding brand territories during this significant industry event.

Splash Beverage Group (SBEV) is focusing on a growth-by-acquisition strategy to enhance shareholder value, as discussed in a recent interview with CEO Robert Nistico. The company reported revenue growth in the second quarter and is committed to both organic growth and strategic acquisitions. Nistico emphasized the importance of acquisitions for increasing revenue and distribution. SBEV operates across both alcoholic and non-alcoholic beverage segments, aiming to leverage efficiencies and mitigate risks while expanding brand awareness.

Splash Beverage Group (SBEV) reported significant revenue growth in its Q2 2021 results. The company achieved a revenue of $3,287,760, marking a 36% increase from Q1 and a remarkable 696% year-over-year growth. In the first half of 2021, revenues reached $5,426,684, a 934% increase from the same period in 2020. The company uplisted to the NYSE American and raised approximately $15 million through a public offering. This financial boost positions Splash for stable operations and growth, with revenue guidance for 2021 set at $15.97 million.