Splash Beverage Q3 gross sales up 73% to $5.1M; net loss narrows to $5.1M from $12.1M

SPLASH BEVERAGE GROUP, INC.

2023-Q3 EPS reported -$0.46 revenue$13,295,921

Gross sales Q3 2022 $5.1M, up 73% from $2.9M prior year; nine-month sales $14.0M (+64%).
Net loss from continuing operations narrowed to $5.1M in Q3 vs $12.1M prior year; nine-month loss $16.6M vs $22.9M.
Gross profit Q3 $1.1M (+40% from $0.8M); nine-month $2.6M (+18% from $2.2M).
Cash and equivalents $2.6M at Sept 30, 2022 vs $4.1M at Dec 31, 2021; evaluating credit facilities.
Nine new distribution/sales agreements signed in Q3; focus on expanding retail and distribution network.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SPLASH BEVERAGE GROUP, INC. reported the quarter ended September 30, 2022 results: revenue $5.1 million, net income $5.1 million.

Period: the quarter ended September 30, 2022
Revenue: $5.1 million
Net income: $5.1 million
Result: reported results

Exact text from the filing

EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 e4241_ex99-1.htm EXHIBIT 99.1 EXHIBIT 99.1 Splash Beverage Group Reports Third Quarter 2022 Financial Results Revenues Increase 73% with $5.1 Million in Gross Sales Fort Lauderdale, Florida, November 16, 2022 – On November 15, 2022, Splash Beverage Group, Inc. (NYSE American: SBEV) ("Splash" or the "Company"), a portfolio

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SPLASH BEVERAGE GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001731122-22-002008

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