Welcome to our dedicated page for Splash Beverage Group news (Ticker: SBEV), a resource for investors and traders seeking the latest updates and insights on Splash Beverage Group stock.
Splash Beverage Group, Inc. is a leading player in the consumer beverage industry, managing a diverse portfolio of brands. The company operates in two main segments: manufacturing and distributing non-alcoholic and alcoholic beverages, and retail sales of beverages and groceries online. With a focus on the E-Commerce segment, the company's flagship division Qplash marks its foray into the e-commerce channel. In the beverage-alcohol sector, the company adheres to the Three-Tier Distribution System, relying on independent distributors for local and regional distribution.
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Splash Beverage Group expands distribution agreements with Lakeshore Beverage, Southern Beverage, and United Distributors. Copa di Vino to be offered in nine Blaze Pizza locations in Southern California.
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Splash Beverage Group, Inc. (SBEV) announced that CEO Robert Nistico will present virtually at the Sidoti & Company August Virtual Microcap Conference on August 17, 2023, at 9:15 am ET. The presentation can be accessed live at the provided link. Splash will also host virtual one-on-one meetings with investors throughout the conference. Registration for the presentation and one-on-one meetings is free and open to all.
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Splash Beverage Group reports 15% increase in quarterly revenues and 32% increase in gross profit. Six-month revenues rise 31% and gross profit increases 34.6%. Qplash e-commerce platform and TapouT Energy Drink launch contribute to growth. Net loss of $5.6 million in the second quarter. Company raises $2.7 million from investors and secures $10 million credit facility.
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Splash Beverage Group, Inc. establishes a $10 million operating capital credit facility and withdraws its existing $200 million S-3 Registration Statement. The new credit facility provides favorable financing at the current Euribor rate plus 1.5% and matures in 5 years. The company aims to fuel growth and reach profitability with the capital raised.
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FAQ
What is the current stock price of Splash Beverage Group (SBEV)?
The current stock price of Splash Beverage Group (SBEV) is $0.214 as of November 22, 2024.
What is the market cap of Splash Beverage Group (SBEV)?
The market cap of Splash Beverage Group (SBEV) is approximately 12.7M.
What are Splash Beverage Group, Inc.'s primary operating segments?
The company operates in two main segments: manufacturing and distributing non-alcoholic and alcoholic beverages, and retail sales of beverages and groceries online.
What is Qplash?
Qplash is a wholly owned division of Splash Beverage Group, Inc. and serves as the company's initial venture into the e-commerce channel.
How does Splash Beverage Group, Inc. distribute its beverage-alcohol products?
The company operates within the Three-Tier Distribution System, utilizing independent distributors for local and regional distribution of its beverage-alcohol products.
What is the strategic focus of Splash Beverage Group, Inc.?
Splash Beverage Group, Inc. aims to rapidly develop and expand its existing brand portfolio while acquiring and accelerating brands that are industry innovators or have high visibility.
What brands are included in Splash Beverage Group, Inc.'s portfolio?
The company owns a diverse portfolio of alcoholic and non-alcoholic beverage brands, including Copa di Vino wines, SALT Flavored Tequila, Pulpoloco Sangria, and TapouT Cognitive Energy Drinks.
Splash Beverage Group, Inc.
NYSE:SBEV
SBEV Rankings
SBEV Stock Data
12.65M
51.85M
16.99%
7.06%
0.38%
Beverages - Wineries & Distilleries
Beverages
United States of America
FORT LAUDERDALE