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NewAge Beverages reports record sales in Q3
NewAge Beverages reports record sales in Q3
NewAge Beverages Corporation (NASDAQ: NBEV) reported total revenue of $69.8 million for the third quarter of 2019, up 427% year-over-year.
Net loss was $10.7 million, or $0.14 per share, compared to a net loss of $3.5 million, or $0.08 per share in the prior-year period.
Cash and cash equivalents at September 30, 2019 totaled $68.4 million.
(This story will be updated shortly)
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New Age Beverages reports wider loss for Q2 on higher expenses
New Age Beverages reports wider loss for Q2 on higher expenses
New Age Beverages (NBEV) reported a wider net loss for the second quarter, hurt by a sharp increase in expenses. Revenues, meanwhile, rose to $66.35 million. The bottom-line missed the estimates, while revenues beat.
Net loss widened to $11.68 million or $0.15 per share from $3.37 million or $0.09 per share last year. Analysts were looking for a narrower loss. The results were…
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Motley Fool: Is New Age Beverages Stock Taking a 60% Hit?
Motley Fool: Is New Age Beverages Stock Taking a 60% Hit?
There’s a bear in the New Age Beverages (NASDAQ:NBEV) camp, and this one is a Grizzly. The distributor of functional beverages came under attack this week in a Grizzly Research report, which argued that New Age Beverages investors were duped in the acquisition of the larger Morinda Holdings late last year.
The noted worrywart claims that Morinda overstated its revenue in China, is likely…
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