Splash Beverage Group, Inc. - SBEV STOCK NEWS

On July 19, 2021, Splash Beverage Group (SBEV) corrected its Q3 revenue to $4.14 million, down from an initially stated $5.78 million. This revised figure represents a 34% sequential increase and a remarkable 310% year-over-year growth. Looking ahead, the company projects Q4 2021 revenue to reach $5.78 million, with a total expected revenue of $15.97 million for the fiscal year, equating to 436% growth compared to 2020. Splash continues to expand its market presence through key distribution agreements and brand integrations.

Splash Beverage Group (SBEV) has provided forward-looking revenue guidance for Q3 and Q4 2021, anticipating revenues of $5.78 million for both quarters. This represents a 34% sequential increase and a staggering 310% year-over-year growth in Q3. The company projects total revenues for FY 2021 to reach $15.97 million, indicating a 436% year-over-year increase. Key business developments include successful distribution agreements, international expansion in China, and the recent uplisting to the NYSE/American Exchange.

Splash Beverage Group (SBEV) announced the integration of Oracle's NetSuite software into its ecommerce platform, Qplash, enhancing operational efficiency from order to shipment. This platform targets both B2B and B2C markets, facilitating direct-to-consumer sales for their alcoholic and non-alcoholic beverage brands. With 21 states now permitting spirit shipments directly to consumers, SBEV anticipates increased gross margins and a swift geographic expansion. The system optimizes expansion into new warehouses, supporting their multichannel strategy and enhancing profitability nationwide.

Splash Beverage Group (NYSE American: SBEV) has announced that its SALT Tequila will now be distributed by Eagle Brands Inc., a prominent distributor in the Miami-Dade County area. This partnership enhances SALT Tequila's visibility, targeting nearly 3 million people in the region and enabling multiple launch activities. SALT Tequila is a 100% Blanco agave tequila available in flavored options and aims to tap into the rapidly growing tequila market, which has seen a 14% increase in annual consumption in the U.S.

Splash Beverage Group (SBEV) has secured a transformative distribution deal in China, adding to six existing agreements, positioning the company for substantial growth in 2021. The management team, noted for its success with Red Bull, has raised $24 million and eliminated convertible debt. In Q1, SBEV reported an impressive 2058% revenue surge, propelled by brands like Copa Di Vino and SALT Tequila. The company aims for national expansion, particularly with Walmart, which could significantly enhance its market valuation.

Splash Beverage Group (SBEV) has partnered with Great Bay Distributors Inc., Florida’s leading independent distributor of Anheuser Busch products. This agreement expands the reach of SALT Tequila to nearly 3 million consumers in the St. Petersburg area. SALT Tequila, a premium 100% Blanco agave tequila, is now distributed by six Anheuser Busch distributors in Florida. The deal aims to enhance the market presence of SALT Tequila amidst a growing demand for flavored spirits, with U.S. tequila consumption rising by 14% annually.

Splash Beverage Group (SBEV) has announced significant advancements in sustainability with its CartoCan® packaging, which uses 30% less raw material and is certified by the Forest Stewardship Council. This eco-friendly packaging aligns with consumer demand, as 66% of consumers are willing to pay more for sustainable products. The company has reported a 71% rise in Pulpoloco Sangria sales, underlining its commitment to sustainably focused brands. CartoCan also reduces energy costs, being shelf-stable for 12 months, creating substantial value for SBEV.

Splash Beverage Group (SBEV) announced a significant expansion of its SALT Citrus flavored tequila distribution in Sam’s Club stores, increasing presence by 48% in Q1 2021. SALT is now available in 42 stores across California, Arizona, New Mexico, and Florida. This tequila, recognized as the world’s first flavored 100% agave, is positioned in a fast-growing market segment with U.S. tequila consumption surging by 14%. CEO Robert Nistico noted this expansion reflects rising consumer demand for flavored tequila, enhancing brand visibility and sales.

Splash Beverage Group (SBEV) has closed an underwritten public offering of 3,750,000 shares of common stock and warrants at $4.00 per share, generating gross proceeds of approximately $15.0 million. The warrants are exercisable at $4.60 and expire in five years. An additional 562,500 shares and warrants may be purchased by underwriters. Trading began on June 11, 2021, for both common stock and warrants. EF Hutton acted as the sole book-running manager. The offering aims to enhance SBEV's capital for growth in the beverage market.