Splash Beverage Group, Inc. Provides Revenue Guidance For Q3 and Q4 2021; Poised For 436% YoY Revenue Growth To $15.9 Million
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.
- Projected Q3 revenue of $5.78 million, a 34% increase sequentially and 310% year-over-year.
- Forecasted Q4 revenue of $5.78 million, representing a 39% sequential increase and 366% year-over-year.
- Total FY 2021 revenue expected to reach $15.97 million, indicating 436% year-over-year growth.
- Successful entry into significant distribution agreements with at least seven US distributors.
- Expansion into the Chinese market targeting over $64 billion in market opportunity.
- None.
Fort Lauderdale, Florida, July 19, 2021 (GLOBE NEWSWIRE) -- Splash Beverage Group, Inc. (NYSE American: SBEV) (the "Company") (https://www.SplashBeverageGroup.com), a portfolio company of leading beverage brands, today announced forward-looking revenue guidance for its current Q3, upcoming Q4 2021, and fiscal year 2021 results.
With respect to Q3, Splash sees revenue of
Business Highlights
Splash Beverage Group continues to accelerate brand growth throughout key markets, both domestic and international.
- Company stock uplisted to the NYSE/American Exchange in June 2021
- Since the start of 2021, the company has entered into significant distribution agreements with at least seven leading independent US distributors
- Began operations on its first acquisition Copa di Vino
- Secured distribution for all its brands in China through a deal with American Software Capital targeting a combined market opportunity of more than
$64 billion - Announced that its Qplash platform will integrate all its brands to rapidly expand its national market presence
William Meissner, President & CMO, said, "We are seeing broad market penetration of all our brands across US markets and expect similar traction in our overseas distribution agreements, making us comfortable to provide initial revenue guidance heading into the back half of this year. We are particularly encouraged by the current
He added, "Heading into the back half of this year, which is usually a seasonally strong period for beverage and spirits sales, we expect to see an acceleration of brand development across the board. We believe that both SALT tequila and Copa Di Vino are positioned for at least double-digit percentage growth, and with TapouT being part-owned by the WWE, we believe the market penetration for that product can lead to exponential growth on a national scale."
SALT
Splash Beverage Group, Inc. will provide further updates to its forward-looking revenue guidance when appropriate.
Follow Splash Beverage Group on Twitter: www.twitter.com/SplashBev
About Splash Beverage Group, Inc.:
Splash Beverage Group specializes in manufacturing, distribution, sales & marketing of various beverages across multiple channels. SBEV operates in both the non-alcoholic and alcoholic beverage segments which they believe leverages efficiencies and dilutes risk. SBEV believes its business model is unique as it ONLY develops/accelerates brands it perceives to have highly visible pre-existing brand awareness or pure category innovation.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation, the risks disclosed in the Company’s Annual Report on Form 10-K filed with the SEC on March 8, 2021, and in the Company’s other filings with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.
Contact Information:
Splashbeveragegroup.com
info@splashbeveragegroup.com
954-745-5815
SOURCE: Splash Beverage Group, Inc.
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FAQ
What is the revenue guidance for Splash Beverage Group in Q3 and Q4 2021?
How much revenue growth is projected for FY 2021 for SBEV?
What are the key business developments announced by SBEV?
What is the year-over-year revenue increase for Q3 2021 for SBEV?
Which retail chains currently offer SALT tequila?
