other material
confidence high
sentiment positive
materiality 0.85
Starco Brands guides FY23 revenue $66-77M, adjusted EBITDA $7-9M
Starco Brands, Inc.
- FY23 net revenue guidance $66-77M vs FY22 $7.8M, +746-887% YoY.
- FY23 adj. EBITDA guidance $7-9M vs FY22 $2.7M, +159-233% YoY.
- Acquired Soylent in Q1 2023 and Art of Sport & Skylar in Q4 2022.
- Whipshots sold over 2M cans; won SIP Awards; partnered with AMC theatres.
- Headcount reduction saves $1.2M/yr; price increases add $2M annual revenue.