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.
Splash Beverage Group, NYSE American: SBEV, issued a correction regarding its previous press release from March 22, 2022. The company clarified that Kalil Bottling is not affiliated with the Body Armor brand through Keurig Dr Pepper (KDP), deeming the earlier claim about being KDP's largest distributor inaccurate. Splash Beverage is known for its innovative beverage portfolio, including Copa di Vino and SALT flavored tequilas, and is focused on rapidly developing and expanding its brands globally.
Splash Beverage Group, Inc. (SBEV) reported a significant revenue increase for Q4 2021, totaling $3.06 million, which is a 183% rise year-over-year. For the full year, revenues reached $11.3 million, up 391% from 2020. Gross margins also improved, with Q4 gross margin at $339K and full-year at $2.6 million. Despite a net loss of $5.8 million in Q4, down from $13.2 million, the company ended the year with $4.1 million in cash. CEO Robert Nistico highlighted the successful equity raise and new distribution agreements as key growth drivers.
Splash Beverage Group (NYSE American: SBEV) has announced a distribution agreement with Northern Eagle Beverage to supply its products, including SALT Tequila, Copa di Vino wines, and Pulpoloco Sangria, across four counties in New Jersey: Bergen, Hudson, Essex, and Passaic. This partnership expands access to densely populated regions, with Bergen County being the most populated in the state. CEO Robert Nistico highlighted the credibility gained from the relationship with InBev’s AB-ONE and anticipates increased revenue from this expansion.
Splash Beverage Group (SBEV) announced a significant agreement with Kalil Bottling to enhance the distribution of its TapouT Sports Performance Drink. Kalil Bottling, a leading distributor in the western US, covers Arizona and several populous areas in Utah, Colorado, New Mexico, and Texas. This partnership capitalizes on the void left by Body Armor's transition to Coke, presenting an opportunity for increased market penetration. CEO Robert Nistico emphasized that this deal will strengthen their product offerings and potentially boost revenue.
On March 14, 2022, Splash Beverage Group (SBEV) announced an expansion of its distribution agreement with AB ONE to include Southern California. This region, which has over 20 million residents, is AB ONE’s largest market. The partnership aims to improve product availability and revenue, featuring TapouT Performance, Copa Di Vino, and Pulpoloco Sangria at more than 45 Walmart locations. CEO Robert Nistico highlighted the significance of this deal for opening a vital revenue stream through an extensive distribution network servicing over 15,000 accounts.
Splash Beverage Group, NYSE American: SBEV, announced that its high-performance energy drink, TapouT, will be available in 485 Winn-Dixie stores across Alabama, Georgia, Florida, Mississippi, and Louisiana. This strategic partnership is expected to enhance retail distribution in the southeast U.S., following previous successful placements in major retail chains such as Walmart. The launch will introduce new sugar-free flavors, Cherry Lemonade and Orange, starting in early Q2. CEO Robert Nistico emphasized the importance of expanding their distribution footprint to drive sales growth.
On March 1, 2022, Splash Beverage Group, Inc. (SBEV) announced an expansion of its distribution agreement with Suncoast Beverage Sales in Southwest Florida. This new agreement will include the distribution of SALT tequila and TapouT performance drinks alongside existing products like Copa di Vino and Pulpoloco. CEO Robert Nistico emphasized the importance of distribution in the beverage industry and the company's strategy to penetrate key consumer markets. SALT tequila is noted for its 100% blanco agave quality, while TapouT drinks offer hydration and recovery benefits.
Splash Beverage Group (SBEV) announced a new distribution agreement for its TapouT energy drink with Central Distribution in Arkansas. This partnership will launch all three flavors of TapouT in 125 Walmart stores across the state, starting in Bentonville. The management expressed enthusiasm for this opportunity, highlighting the drink's 3-in-1 performance formula aimed at consumers engaged in outdoor activities. This initiative marks an important step in enhancing brand visibility and market penetration in Arkansas, a key location for Walmart.
Splash Beverage Group (SBEV) announced the completion of its public offering of 2,300,000 shares of common stock at $4.00 per share, raising approximately $9.2 million in gross proceeds. This offering included the full exercise of the underwriters’ over-allotment option. The shares were issued under an effective shelf registration statement, and the final prospectus was filed on February 16, 2022, with the SEC. The company aims to leverage these funds to further expand its portfolio of beverage brands, which includes Copa di Vino and SALT flavored tequilas.
Splash Beverage Group (NYSE American: SBEV) announced its distribution agreement with Gulf Distributing of Alabama for SALT Naturally Flavored Tequila in Alabama and military bases. Gulf Distributing operates seven distributors across Alabama and Mississippi, representing over 100 suppliers and servicing over 10,000 retail accounts. CEO Robert Nistico expressed excitement about collaborating with Gulf Distributing, highlighting the tequila's addition to their established portfolio, which includes brands like Coors and Red Bull.
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