Splash Beverage (NYSE American: SBEV), an innovator in the beverage industry with a growing portfolio of alcoholic and nonalcoholic beverage brands, has filed its third-quarter 2021 report, for the period ended Sept. 30, 2021. Report highlights include 308% growth in quarterly revenues year over year, with Q3 numbers totaling $2,827,393, an increase of $2,134,419 over reported revenues of $692,974 in Q3 2020, as well as 578% year-over-year revenue growth in first nine months of the year. The company reported a $12.2 million loss from continuing operations during the three-month period; a $23.2 million loss from continuing operations was reported for the nine-month period. “We continue to build robust year-over-growth revenue growth driven by all brands in our portfolio with particular strength coming from Copa di Vino and Pulpoloco,” said Splash Beverage CEO Robert Nistico in the press release. “Our balance sheet remains strong with over $8 million in cash and equivalents, while most of our expenses were noncash. During and immediately following the third quarter, we signed four distribution agreements to expand our footprint and drive revenues, and we enhanced our product lines through new packaging for TapouT, ecofriendly packaging for Pulpoloco and a new four-pack for Copa di Vino. We expect strong growth in the fourth quarter as we anticipate signing additional key distribution agreements and benefit from the distribution agreements signed in Q3.”
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About Splash Beverage Group Inc.
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and TapouT performance hydration and recovery drink. Splash’s strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution. For more information about the company, please visit www.SplashBeverageGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV
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