earnings
confidence high
sentiment positive
materiality 0.80
Starco Brands FY2023 preliminary revenue $70M, 10x YoY; FY2024 outlook $78-82M
Starco Brands, Inc.
2024-FY EPS
reported -$0.10
vs consensus $0.00
▼ miss
(-10000000.0%)
- FY2023 net revenue expected ~$70M, up ~10x YoY from ~$7M; Adjusted EBITDA ~$7M, up 160%.
- FY2024 guidance: net revenue $78-82M and Adjusted EBITDA $8-10M (10-12% margin).
- CEO cites M&A integrations, new distribution, and product launches as key growth drivers.
- Company achieved FY2023 revenue near mid-point of prior guidance and EBITDA within range.