Splash Beverage Group (NYSE American: SBEV), a portfolio company of leading beverage brands, today announced the filing with the SEC of its second quarter 2021 report on Form 10-Q for the three months ended June 30, 2021. Highlights from the report include SBEV’s uplisting to the NYSE American, the closing on a capital raise in which the company secured approximately $15 million in gross proceeds, as well as robust quarter-over-quarter with ~700% year-over-year revenue growth. “We’re seeing market penetration and growth across all of our brands and expect continued robust revenue increases through the end of 2021 and beyond. We reiterate our previous revenue guidance for 2021 of $15.97 million, a four-fold increase over 2020,” said Robert Nistico, CEO of Splash. “With a strong balance sheet and our NYSE uplisting, Splash Beverage group achieved significant milestones in the second quarter, which serve as a solid base for future growth.”
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About Splash Beverage Group Inc.
Splash Beverage Group specializes in manufacturing, distribution, sales and marketing of various beverages across multiple channels. SBEV operates in both the non-alcoholic and alcoholic beverage segments, which the company believes leverages efficiencies and dilutes risk. SBEV believes its business model is unique as it only develops/accelerates brands it perceives to have highly visible preexisting brand awareness or pure category innovation. For more information about the company, visit www.SplashBeverageGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to SBEV are available in the company’s newsroom at https://ibn.fm/SBEV
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