New Age Beverages Corporation operates as a healthy functional beverage company. It offers ready to drink tea, kombucha, energy drinks, and functional waters under XingTea, Bucha Live Kombucha, XingEnergy, and Aspen Pure brand names. The company offers its products directly, as well as through store door distribution systems in the United States and internationally. New Age Beverages Corporation is based in Torrance, California.
New Age Beverages Corporation ( NASDAQ : NBEV ) the Colorado-based leading all-natural tea and healthy functional beverage company whose brands include XingTea®, XingEnergy®, Aspen Pure®, Búcha® Live Kombucha, Marley One Drop®, Marley Mellow Mood®, and CocoLibre® today announced earnings for its first quarter ended March 31, 2017." data-reactid="11" style="margin-bottom: 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px;">DENVER, CO--(Marketwired - May 16, 2017) - New Age Beverages Corporation ( NASDAQ : NBEV ) the Colorado-based leading all-natural tea and healthy functional beverage company whose brands include XingTea®, XingEnergy®, Aspen Pure®, Búcha® Live Kombucha, Marley One Drop®, Marley Mellow Mood®, and CocoLibre® today announced earnings for its first quarter ended March 31, 2017. Q1 2017 HIGHLIGHTS " data-reactid="12" style="margin-bottom: 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px;">Q1 2017 HIGHLIGHTS Financial Amount vs. PY Operational Gross Revenues $11,437,638 1,842% Acquired and closed Coco-Libre Net Revenues $10,787,801 1,732% Acquired Marley Beverage Company COGS $7,933,293 1.572% Grew Organic Topline 7.2% Gross Profit $2,854,508 1,978% Expanded portfolio with 20 major DSD distributors Shipping $419,179 952% Expanded Private Label with major C-Store chain Contribution Margin $2,435,329 2,627% Developed shelf stable Búcha, grew >5,000 Outlets Sales/Marketing $697,767 625% Expanded in Chile, Caribbean, Canada Other Opex $2,163,682 1,152% Cut Búcha packing costs 46%, increased GM 10 pts. Net Income $(707,354) n/a Aligned cause with Water is Life charity One Time Expenses $231,925 n/a Installed new Board of Directors Adjusted EBITDA $(159,586) n/a Uplisted to NASDAQ, completed successful offering Includes only the results of Búcha and New Age/Xing. No Marley or Coco-Libre results are included. " data-reactid="15" style="margin-bottom: 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px;">Includes only the results of Búcha and New Age/Xing. No Marley or Coco-Libre results are included. In Q1 2017 New Age delivered $11.4 million in gross revenue, up $1,842% versus prior year actuals and up 7.2% organically on a pro-forma basis, not including the results of the Marley or Coco-Libre acquisitions. Brent Willis, Chief Executive Officer of New Age Beverages commented, "The first quarter of 2017 continued at the pace we established in 2016. Just one of the accomplishments in Q1 was the uplist onto the NASDAQ -- but on top of that we are operationally executing, growing organically, integrating new companies, and developing new products leveraging our R&D expertise. The impact of these will begin to be seen in Q2 as the new companies and brands are integrated and fully consolidated in our financial results." Q1 2017 FINANCIAL RESULTS " data-reactid="17" style="margin-bottom: 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px;">Q1 2017 FINANCIAL RESULTS For the three-month period ending March 31, 2017, gross revenues reached $11,437,638 vs. $620,658 in the prior year. Less discounts, returns, and billbacks, net revenues reached $10,787,801 vs. $588,800 in the prior year, reflective of the significant impact of the acquisition of XingTea. Gross profit reached (not including shipping expense) $2,854,508 vs. $144,319 in the prior year. Gross Profit reached 26.5% vs. 24.5% in the first quarter of 2106. Shipping expense was 3.8% of net sales vs. 4.3% in the prior quarter and 9.4% in the prior year. Positively impacting gross profit was improved cost of goods sold from increased scale production and the initial benefits of value engineering of the Búcha portfolio. Total operating expenses were $2,861,449 down to 26.7% of net sales from 59% of net sales in the first quarter of prior year. Adjusted EBITDA (non-GAAP) was $(159,586), when removing the expenses associated with the acquisition of Coco-Libre. About New Age Beverages Corporation ( NASDAQ : NBEV ) New Age Beverages Corporation is a Colorado-based, leading all-natural tea and healthy functional beverage company that was founded in 2003. The Company competes in the fast growing healthy functional beverage segments including Ready to Drink (RTD) Tea, RTD Coffee, Kombucha, Energy Drinks, Relaxation Drinks, Coconut Waters and Functional Waters with the brands XingTea®, Marley One Drop®, Búcha® Live Kombucha, XingEnergy®, Marley Mellow Mood®, Coco-Libre®, and Aspen Pure® PH and Aspen Pure® Probiotic Water. The Company's brands are sold across all 50 states within the US and in more than 10 countries internationally across all channels via direct and store door distribution systems. The company operates the websites http://newagebev.us, http://newagehealth.us, www.mybucha.com, www.xingtea.com, www.aspenpure.com, www.drinkmarley.com, and www.cocolibre.com.
Pumping out a couple of PRs lately. Will dilution follow? New Age Beverages Expands Distribution of Their Entire Healthy Portfolio Worldwide With the US Military GlobeNewswire•January 18, 2018 New Age Beverages Corporation (NBEV), the healthy functional beverage company dedicated to providing better-for-you alternatives to consumers around the world, today announced that it is expanding distribution of its portfolio of healthy beverages into all of the Military Commissaries worldwide. New Age will be providing healthy alternatives across all their brands to active duty military personnel, retirees, and their families spanning a population of almost 25 million people across more than 30 countries. The new distribution agreement is expected to have a material impact on the financial results of New Age.'>DENVER, COLORADO, Jan. 18, 2018 (GLOBE NEWSWIRE) -- New Age Beverages Corporation (NBEV), the healthy functional beverage company dedicated to providing better-for-you alternatives to consumers around the world, today announced that it is expanding distribution of its portfolio of healthy beverages into all of the Military Commissaries worldwide. New Age will be providing healthy alternatives across all their brands to active duty military personnel, retirees, and their families spanning a population of almost 25 million people across more than 30 countries. The new distribution agreement is expected to have a material impact on the financial results of New Age. Highlights:">Highlights: 21 total sku’s across New Age’s Coco-Libre, Marley, XingTea, Búcha Live Kombucha, and Aspen Pure Probiotic brands shipping out now and throughout the 1st quarter to all commissary locations worldwide New US Military initiative in partnership with New Age to provide healthier alternatives for active duty and retired servicemen and their families Scope of Military Commissaries (240) and Exchanges (3,100) spans over 3,300 outlets in more than 30 countries around the world The Defense Commissary Agency (DeCA), which is headquartered at Fort Lee, VA, operates a worldwide chain of commissaries providing groceries to military personnel, retirees and their families in a safe, secure and better value shopping environment. A core military family support element, and a valued part of military pay and benefits, commissaries contribute to family readiness, enhance the quality of life for America’s military and their families, and help recruit and retain the best and brightest men and women to serve their country. New Age’s expanded distribution of its entire portfolio was accomplished in large part because of the Company’s one-stop-shop portfolio model of healthy beverages. Major partners, distributors and retailers can work with one trusted company of scale to provide all their needs as consumers, and consequently retailers accelerate their shift to the purchase of healthier products. New Age will also be activating in store in all the outlets to drive awareness and trial with consumers. Not only will New Age’s products be displayed in multiple locations in each commissary, but they will also have disruptive displays and other in-store activities and offers to connect with the consumers at the point of purchase. we can do, we will do to support our country’s finest. Our servicemen and their families make sacrifices for all Americans every day, and we are proud that we can support them.”">Brent Willis, a former US Military Officer and West Point graduate who is now the Chief Executive Officer of New Age Beverages, mentioned, “We believe it is a great initiative for the military to make an active choice to provide healthier alternatives for their patrons. Anything we can do, we will do to support our country’s finest. Our servicemen and their families make sacrifices for all Americans every day, and we are proud that we can support them.” About New Age Beverages Corporation (NASDAQ: NBEV) '>About New Age Beverages Corporation (NASDAQ: NBEV) New Age Beverages Corporation is a Colorado-based healthy functional beverage company that was created in 2016 and 2017 with the combination of Búcha Live Kombucha®, XingTea®, Coco-Libre®, and Marley®, to create a one-stop-shop solution for retailers and distributors providing healthier beverages in the disruptive growth segments of the $870 Billion-dollar non-alcoholic beverage industry. In that period, New Age has become the 54th largest beverage company, the 8th largest healthy beverage company, and the fastest growing in the world. New Age competes Ready to Drink (RTD) Tea, RTD Coffee, Kombucha, Energy Drinks, Relaxation Drinks, Coconut Waters, Functional Waters, and Rehydration Beverages with the brands Búcha® Live Kombucha, XingTea®, XingEnergy®, Marley One Drop®, Marley Mellow Mood®, Marley Mate™, Marley Cold Brew™, Coco-Libre®, PediaAde™, and Aspen Pure® PH and Aspen Pure® Probiotic Water. The Company’s brands are sold across all 50 states within the US and in more than 10 countries internationally across all channels via direct and store door distribution systems. The company operates the websites www.newagebev.com, www.newagehealth.us, www.mybucha.com, www.xingtea.com, www.aspenpure.com, www.drinkmarley.com, www.cocolibre.com, and https://shop.newagebev.com. New Age has exclusively partnered with the world's 5th largest water charity, WATERisLIFE, to end the world water crisis with the most innovative technologies available. Donate at WATERisLIFE.com to help us #EnditToday.
