---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-23-001538"
form_type: "8-K"
ticker: "SBEV"
cik: "0001553788"
company_name: "SPLASH BEVERAGE GROUP, INC."
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:21:30.885338+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Splash Beverage Q2 rev $5.2M (+15% YoY); net loss $5.6M; cash $903k; raised $2.7M + $10M facility

## Summary
- Q2 net revenue $5.2M vs $4.5M YoY (+15%); six-month revenue $11.0M vs $8.4M (+31%).
- Q2 gross profit $1.7M vs $1.3M (+32%); gross margin 32% up 90 bps.
- Q2 net loss $5.6M (slightly improved); cash $903k at June 30 vs $4.4M at Dec 31, 2022.
- Post-Q2: raised $2.7M from existing investors, entered $10M credit facility, withdrew $200M shelf offering.
- Issued convertible notes: $3.1M (0%) and $1.6M (12%) in Feb-July 2023.

## SEC filing metadata
- accession: 0001731122-23-001538
- form_type: 8-K
- ticker: SBEV
- cik: 0001553788
- company_name: SPLASH BEVERAGE GROUP, INC.
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1553788/000173112223001538/0001731122-23-001538-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1553788/000173112223001538/e4957_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-001538
- JSON: https://secwatch.observer/filing/0001731122-23-001538.json
- Plain text: https://secwatch.observer/filing/0001731122-23-001538.txt

## Key facts
- Debt Financings
  SPLASH BEVERAGE GROUP, INC. incurred convertible notes of $1,600,000 with certain accredited investors at 12% per annum maturing twelve to eighteen months from the issuance date.
  - Instrument: convertible notes
  - Principal: $1,600,000
  - Counterparty: certain accredited investors
  - Rate: 12% per annum
  - Maturity: twelve to eighteen months from the issuance date
  - Event: incurrence
  source text: From May through July, the Company entered into a series of securities purchase agreements (the “Purchase Agreements”) with certain accredited investors (the “Purchasers”). Pursuant to the Purchase Agreements, the Company sold the Purchasers 12% convertible 12 to 18-month promissory notes (the “Notes”) convertible for up to 1,600,000 shares of the Company’s common stock, $0.001 par value per share and warrants exercisable into 800,000 shares of the Company’s common stock (the “Warrants”) and received aggregate gross proceeds of $1,600,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1553788/000173112223001538/0001731122-23-001538-index.htm
- Debt Financings
  SPLASH BEVERAGE GROUP, INC. incurred convertible notes of $2,000,000 with an accredited investor at 0% maturing twelve months from the issuance date.
  - Instrument: convertible notes
  - Principal: $2,000,000
  - Counterparty: an accredited investor
  - Rate: 0%
  - Maturity: twelve months from the issuance date
  - Event: incurrence
  source text: On February 28, 2023, Splash Beverage Group, Inc. (the “Company”) entered into a securities purchase agreement (the “SPA”) with an accredited investor (the “Investor”). Pursuant to the SPA, the Company sold to the Investor, convertible 12-month promissory notes (the “Investor Note”) convertible for up to 2,000,000 shares of the Company’s common stock, $0.001 par value per share and received aggregate gross proceeds of $2,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1553788/000173112223001538/0001731122-23-001538-index.htm
- Debt Financings
  SPLASH BEVERAGE GROUP, INC. incurred convertible notes of $1,100,000 with an accredited investor at 0% maturing twelve months from the issuance date.
  - Instrument: convertible notes
  - Principal: $1,100,000
  - Counterparty: an accredited investor
  - Rate: 0%
  - Maturity: twelve months from the issuance date
  - Event: incurrence
  source text: On August 10, 2023, the Company and Investor entered into an amendment to the SPA (“Amendment”), pursuant to which the Company sold and issued to the Investor, an additional note (the “Second Investor Note”) convertible for up to 1,100,000 shares of the Company’s common stock, $0.001 par value per share, for aggregate gross proceeds of $1,100,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1553788/000173112223001538/0001731122-23-001538-index.htm
- Earnings Releases
  SPLASH BEVERAGE GROUP, INC. reported the second quarter period ended June 30, 2023 results: revenue $5.2 million, net income $5.6 million.
  - Period: the second quarter period ended June 30, 2023
  - Revenue: $5.2 million
  - Net income: $5.6 million
  - Result: reported results
  source text: ● Net revenues for the second quarter period ending June 30, 2023, were $5.2 million to $4.5 million in the prior year period, an of 15% over the prior year period. For the six-month period, revenues reached $11.0 million to $8.4 million in the prior year period and an of 31%. The in revenue was primarily due to sales from our B2B and B2C e-commerce platform, Qplash, which reflected an in territory coverage, new products and larger purchases per customer. In the six-month period, overall e-commerce sales 43% over the prior year period and the beverage business 7%. ● Gross profit for the second quarter period ending June 30, 2023, was $1.7 million to $1.3 million in the prior year period. Gross margin in the second quarter of 32% was a 90-basis point improvement over the prior year period, with cost efficiencies and product mix driving the improvements. Six-month gross profit was $3.5 million to $2.6 million in the prior year period, a 34.6% increase. ● TapouT Energy Drink launched towa
  evidence_url: https://www.sec.gov/Archives/edgar/data/1553788/000173112223001538/0001731122-23-001538-index.htm
- Material Agreements
  SPLASH BEVERAGE GROUP, INC. amended Amendment with Investor valued at $1,100,000 (effective 2023-08-10).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Investor
  - Value: $1,100,000
  - Effective: 2023-08-10
  source text: On August 10, 2023, the Company and Investor entered into an amendment to the SPA (“Amendment”), pursuant to which the Company sold and issued to the Investor, an additional note (the “Second Investor Note”) convertible for up to 1,100,000 shares of the Company’s common stock, $0.001 par value per share, for aggregate gross proceeds of $1,100,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1553788/000173112223001538/0001731122-23-001538-index.htm
- Material Agreements
  SPLASH BEVERAGE GROUP, INC. entered into Securities Purchase Agreement with an accredited investor valued at $2,000,000 (effective 2023-02-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: an accredited investor
  - Value: $2,000,000
  - Effective: 2023-02-28
  source text: On February 28, 2023, Splash Beverage Group, Inc. (the “Company”) entered into a securities purchase agreement (the “SPA”) with an accredited investor (the “Investor”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1553788/000173112223001538/0001731122-23-001538-index.htm
- Material Agreements
  SPLASH BEVERAGE GROUP, INC. entered into Purchase Agreements with certain accredited investors valued at $1,600,000.
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited investors
  - Value: $1,600,000
  source text: From May through July, the Company entered into a series of securities purchase agreements (the “Purchase Agreements”) with certain accredited investors (the “Purchasers”). Pursuant to the Purchase Agreements, the Company sold the Purchasers 12% convertible 12 to 18-month promissory notes (the “Notes”) convertible for up to 1,600,000 shares of the Company’s common stock, $0.001 par value per share and warrants exercisable into 800,000 shares of the Company’s common stock (the “Warrants”) and received aggregate gross proceeds of $1,600,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1553788/000173112223001538/0001731122-23-001538-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.