Splash Beverage Group Reports Second Quarter 2022 Financial Results Revenues Increase 41% Year over Year with $4.8 Million in Gross Sales
Fort Lauderdale, Florida, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Splash Beverage Group, Inc. (NYSE American: SBEV) ("Splash" or the "Company"), a portfolio company of leading beverage brands, today reported financial results for the second quarter period ended June 30, 2022.
- Fort Lauderdale, Florida, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Splash Beverage Group, Inc. (NYSE American: SBEV) ("Splash" or the "Company"), a portfolio company of leading beverage brands, today reported financial results for the second quarter period ended June 30, 2022.
- Record gross sales for the second quarter were $4.8 million compared to $3.4 million in the prior year period, an increase of 41% over the prior year period.
- The increase in revenue were primarily due to increased sales of TapouT and from e-commerce sales.
- Second quarter net loss was a total of $2.8 million in cash items and $3.0 million in non-cash items for $5.8 million.