New Age Beverages Corp (NASDAQ:NBEV) is a healthy functional beverage company situated in Colorado. This company serves as a one-stop-shop solution for distributors and retailers selling healthier beverages. It was today that the company pronounced revenues for the second quarter.
Current state of affairs
The business guru reported revenues amounting to $15.2 million. New Age complains that for over a period of one year it lacked the capital it needed for investing in the various brands. However, the ongoing strong receivables and inventory of about $19 million is quite impressive and it inspires hope.
The Chief Financial Officer Chuck Ence opined, “Despite having continuing negative inventory shortfall impact of $2.7 million, gross revenue still reached $15.2 million in revenue for the quarter. The tangible and intangible issues PNC bank caused us from not closing our initial ABL after committing and approving it have been significant.”
The Colorado-based company intends to become the top-most and most trusted beverage Companies globally. It was today that it outlined its plan to expand to all the Ahold Delhaize outlets spread out across the Eastern Seaboard.
A closer outlook
This company’s Búcha® Live Kombucha performs quite well in the Kombucha segment. In fact, reports show that it is the current leader in the segment. As per this moment, it is the only industry leading brand not requiring refrigeration and also with a 12-month shelf life.
Búcha employs a large-batch proprietary production mechanism that usually hinders secondary fermentation. This unique process makes the brand quite stable and safe. It culminates in lower cost distribution, facilitates off-shelf merchandising as well as off-shelf display.
Ahold Delhaize is one of the giant retailers globally and it achieves sales amounting to almost €62 Billion across 11 countries. It fetches the highest sales volumes from the United States. At the moment, it has plans underway to expand its operations in the entire East Coast.
It expects that soon it will succeed at serving about 23 states from Maine to Georgia. The aggressive expansion and display promotion will help it a huge deal in boosting its financial performance.
This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.financialstrend.com