Welcome to our dedicated page for STARCO BRANDS CL A news (Ticker: STCB), a resource for investors and traders seeking the latest updates and insights on STARCO BRANDS CL A stock.
Starco Brands Inc (STCB) is a dynamic and innovative company dedicated to creating behavior-changing brands and products. With a core mission to transform everyday activities, Starco Brands operates as an invention factory, continually pushing the boundaries of product development and marketing.
The company's expertise lies in inventing unique products, building influential brands, and establishing new trends. Starco Brands is renowned for its cutting-edge marketing strategies, which include penetrating social media, driving consumer awareness, and generating significant traffic through innovative pull-through strategies. This approach has positioned Starco Brands as a leader in the consumer products sector.
Starco Brands boasts a world-class marketing team with a proven track record. This team has managed some of the largest and most iconic brands globally, such as Apple, Target, Uber, Volkswagen, Behr Paint, Ralph Lauren, and many others. Their extensive experience and strategic insights ensure that each product and brand under their management achieves maximum market impact.
Recent achievements for Starco Brands include the launch of several groundbreaking products that have gained considerable attention in the market. The company continues to work on exciting new projects aimed at enhancing consumer experiences and setting new standards in product innovation.
Financially, Starco Brands remains robust, supported by strategic partnerships and a strong market presence. The company consistently explores new opportunities to expand its portfolio and deliver value to its stakeholders.
In summary, Starco Brands Inc is a forward-thinking powerhouse in the consumer products industry, committed to innovation and excellence. With a history of success and a bright future ahead, the company is well-positioned to continue its growth trajectory and influence in the marketplace.
Starco Brands (OTCQB: STCB) reported Q3 2024 financial results with net revenue of $15.5 million, down from $17.7 million in Q3 2023. Gross margin improved sequentially to 41.2%. The company reported a net loss of $6.3 million, compared to net income of $2.3 million in Q3 2023. Adjusted EBITDA was $0.7 million.
The revenue decline was attributed to strategic reductions in Soylent's e-commerce marketing spend and lower Whipshots sales. The company identified $3 million in cost optimization opportunities through operational efficiencies. Cash position stood at $1.6 million with inventory of $13.2 million as of September 30, 2024.
Art of Sport (AOS), a division of Starco Brands (STCB), has been announced as the title sponsor of the 2024 LA Bowl Hosted By Gronk. The college football event will take place at SoFi Stadium in Inglewood, CA on December 18th at 6 PM PT, featuring teams from the Mountain West and former Pac-12 conferences. The game will be broadcast on ESPN.
As title sponsor, AOS will introduce fan activations, exclusive merchandise, and product experiences throughout the event, aligning with their mission to provide athletes with premium performance-driven products. The partnership aims to enhance the fan experience while showcasing college football talent at the state-of-the-art venue.
Starco Brands (OTCQB: STCB) announces that its fragrance brand Skylar has won the People's Choice – Popular category at the inaugural Scentbird Digital Fragrance Awards for its scent 'Vanilla Sky'. The awards ceremony, held at New York City's Crosby Street Hotel, was live-streamed globally and featured industry experts including beauty directors from Town & Country and Elle.
The winning fragrance, Vanilla Sky, features notes of cappuccino, pure vanilla, and caramelized cedar. This recognition highlights Skylar's success in creating clean, hypoallergenic fragrances safe for sensitive skin, while maintaining luxury and sustainable practices.
Starco Brands (OTCQB: STCB) announced it will release its third quarter 2024 financial results on November 14, 2024, after market close. The company will host a conference call at 1:30 PM Pacific Time (4:30 PM Eastern Time) to discuss the results. U.S. investors can join by dialing (877) 407-0792, while international callers can use (201) 689-8263. A replay will be available until November 28, 2024. A live webcast will be accessible through the company's investor relations website and archived for 30 days.
Art of Sport (AOS), a division of Starco Brands (OTCQB: STCB), is launching its All-in-One Performance Protein Powder in Fred Meyer stores across the Pacific Northwest. This marks AOS's first entry into brick-and-mortar retail. The product offers a single-scoop solution with 30g of complete protein, essential multi-vitamins and minerals, and a proprietary nutrient blend for muscle health, performance, and recovery.
In independent taste tests, the powder was preferred 10:1 over leading competitors. The product will be available in Fred Meyer stores starting October 2024, as well as online at FredMeyer.com. This launch is part of AOS's expansion into the nutrition category, with more products planned for the future.
Starco Brands (OTCQB: STCB) has announced the launch of a new Garlic Butter flavor for its Winona® Popcorn Spray line. This innovative product aims to enhance the popcorn experience with a rich, savory taste and appealing aroma. Winona Popcorn Spray has disrupted the market by solving the issue of dry seasoning settling at the bottom of the bowl, ensuring even flavor distribution on every kernel.
The new Garlic Butter spray, like the original Butter Flavor, is extremely low calorie, non-GMO, gluten-free, and dairy-free. It's crafted with high-quality, natural ingredients and is powered by air. The product is currently available at Walmart, Hyvee, and Meijer, with plans for broader distribution later in 2024 and into 2025.
Starco Brands (OTCQB: STCB) has announced that its nutrition company, Soylent, is launching two new -time seasonal flavors: Pumpkin Spice and Gingerbread. These flavors will be available through the end of the year. In conjunction with this launch, Soylent is partnering with Feeding America member food banks for a Buy One, Give One initiative during September's Hunger Action Month. For every bottle of Soylent purchased, one meal will be donated to those in need.
This initiative builds upon Soylent's #SoylentforGood program, which has already donated over 6 million meals. The company aims to make complete, sustainable nutrition accessible, appealing, and affordable while combating food insecurity in communities.
Soylent, owned by Starco Brands (OTCQB: STCB), has achieved the highest repurchase rate in the adult nutrition category at 62.9%, surpassing competitors like Boost (61.9%) and Ensure (48.2%). This milestone follows Soylent's 2023 recognition as the 'Best Meal Replacement Shake' based on nutrition and taste ratings from over 40,000 consumers.
Soylent's success is attributed to its science-backed nutritional profile and focus on delicious flavors. The brand's innovative approach combines cutting-edge research with appealing tastes, attracting a diverse consumer base. Strategic partnerships with major retailers like Walmart, Kroger, and Publix have expanded Soylent's accessibility nationwide.
Starco Brands (OTCQB:STCB) has announced a collaboration between Whipshots, its vodka-infused whipped cream brand co-founded by Cardi B, and DoorDash to deliver the new -edition Pumpkin Spice Whipshots flavor. From August 22nd to 29th, customers ordering Pumpkin Spice Whipshots via DoorDash will receive a $5 coffee credit, enabling them to create their own Pumpkin Spiked Lattes at home.
Whipshots, containing 10% Alc./Vol, doesn't require refrigeration and aims to bring versatility to the spirits category. The partnership with DoorDash allows for delivery of Whipshots and coffee in as little as 40 minutes, offering consumers a convenient way to enjoy this fall-themed alcoholic treat.
Starco Brands (OTCQB: STCB) has announced board approval for an Insider Trading Policy and stock buy-back plan. The company, which owns five growing brands including Whipshots, Winona Pure, Art of Sport, Skylar Beauty, and Soylent, reported Q2 2024 net revenue of $15.6 million with margins increasing to 37%. CEO Ross Sklar highlighted the company's progress in expanding product lines and distribution points, projecting national retail expansion and growth for late 2024 and 2025.
Sklar expressed his intention to purchase company stock, citing unique products, defensive moats, and scaling distribution as reasons for the company's success. He also noted that the enterprise value of individual brands may exceed the company's entire market cap, which is currently less than one times revenue. Following the earnings release, STCB experienced record trading volume on August 14th.
FAQ
What is the current stock price of STARCO BRANDS CL A (STCB)?
What is the market cap of STARCO BRANDS CL A (STCB)?
What is Starco Brands Inc's primary mission?
What are the core competencies of Starco Brands?
Who comprises the marketing team at Starco Brands?
What kind of products does Starco Brands develop?
How does Starco Brands approach marketing and brand building?
Has Starco Brands launched any recent products?
What is the financial condition of Starco Brands?
What industries does Starco Brands serve?
What are some notable clients managed by Starco Brands' marketing team?
What makes Starco Brands unique in the market?
