Splash Beverage Group, Inc. (SBEV) owns a growing platform of alcoholic as well as non-alcoholic beverage brands. The company’s strategy to quickly develop initial stage brands along with the acquisition and acceleration of highly visible brands is the key to its success.
The price of SBEV stock during the early trading on February 8, 2022, was last checked to be $4.73 with an increase of 11.03%.
SBEV: Events and Happenings
On February 08, 2022, SBEV updated about signing a distribution contract with Heimark Distributing for the supply of TapouT in the important Californian markets. On February 02, 2022, SBEV informed about signing a distribution deal with Tri-County Beverage for the supply of TapouT in Detroit.
On January 27, 2022, the company updated about signing a distribution deal with D. Bertoline & Sons for the distribution of all brand beverages of the company. On January 25, 2022, SBEV informed that its increased-performance energy drink, TapouT was supplied via Arkansas-based Central Distributors.
On January 19, 2022, SBEV was informed about the receipt of selling rights of the company’s Pulpoloco Sangria product line in Ralph’s Grocery stores. On January 11, 2022, SBEV announced the receipt of selling rights of the company’s TapouT drink in Florida at Walmart stores. On January 05, 2022, SBEV reported about winning the Graphic Design award from its design agency for its rebranded TapouT drink.
SBEV: Key Financials
On November 16, 2021, SBEV released its financial results for the three months ended September 30, 2021. Some of the main points are as follows.
Revenue
Revenue in Q3 2021 was $2.82 million compared to $0.69 million in the same quarter of 2020. The revenue showed an increase of 308% or $2.13 million over the period of the year.
EPS
Basic and diluted net loss per share in Q3 2021 was $12.1 million, or $0.4 compared to $2.08 million or $0.11 in the same period of 2020.
Conclusion
SBEV stock is 37% up the past six months period as the company announced various distribution agreements. The current early trading increase in its stock is the result of signing a distribution deal with the Heimark distribution network. The company’s product line is reaching local as well as global stores.
