Swisher (company)

Flavored Cigar Market to increase by USD 5.13 billion between 2022 to 2027; The growth of the machine-made segment will be significant during the forecast period- Technavio

Retrieved on: 
Tuesday, November 21, 2023
PDF, Tobacco, USD, Imperial Brands, Scandinavian Tobacco Group, ITC, Swisher (company), Growth, Geography

High appeal of flavored cigars among young adults is notably driving the flavored cigar market.

Key Points: 
  • High appeal of flavored cigars among young adults is notably driving the flavored cigar market.
  • However, factors such as difficulty for the players to convince veteran cigar consumers to switch to flavored cigars may impede market growth.
  • The Free sample report is available in PDF format
    The growth of the machine-made segment is significant during the forecast period.
  • The flavored cigar market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market.

Kaival Brands Reports Fiscal 2023 First Quarter Financial Results

Retrieved on: 
Friday, March 17, 2023
Insurance, Advertising, Stick, Marketing, MDO, Tax, KMS, KAVL, Swisher (company), Growth, Security (finance), ENDS, Tobacco, Video game, Health insurance, Cryptocurrency

GRANT-VALKARIA, Fla., March 17, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) (“Kaival Brands,” the “Company” or “we,” “our” or similar terms), the exclusive distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), including the BIDI® Stick electronic nicotine delivery system (ENDS), which are intended for adults 21 and over, today announced its financial results for the fiscal 2023 first quarter ended January 31, 2023.

Key Points: 
  • GRANT-VALKARIA, Fla., March 17, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) (“Kaival Brands,” the “Company” or “we,” “our” or similar terms), the exclusive distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), including the BIDI® Stick electronic nicotine delivery system (ENDS), which are intended for adults 21 and over, today announced its financial results for the fiscal 2023 first quarter ended January 31, 2023.
  • Total cost of revenue, net was approximately $2.0 million, or approximately 78.6% of revenue, net for the first quarter of fiscal year 2023, compared to approximately $3.5 million, or approximately 124.3% of revenue, net for the first quarter of fiscal year 2022.
  • Operating Expenses: Total operating expenses were approximately $3.5 million for the first quarter of fiscal year 2023, compared to approximately $2.1 million for the first quarter of fiscal year 2022.
  • The increase in the net loss for the first quarter of fiscal year 2023, as compared to the first quarter of fiscal year 2022, is primarily attributable to the decrease revenues and increase in customer credits/discounts/rebates, as noted above.

Kaival Brands Reports Fiscal Fourth Quarter 2022 and Full-Year 2022 Financial Results

Retrieved on: 
Monday, January 30, 2023
Stick, MDO, Philip Morris International, Food, Advertising, Security (finance), Circuit court, News, KAVL, Regulation of tobacco by the U.S. Food and Drug Administration, FDA, Hope, Swisher (company), Investment, Growth, Smoker, Risk, Arizona Cartridge Remanufacturers Ass'n Inc. v. Lexmark International Inc., KBI, Annual report, ENDS, Tobacco, Video game, KMS

Revenues: Revenues for the fourth fiscal quarter ended October 31, 2022 were approximately $3.0 million, compared to approximately $0.1 million for the prior fourth fiscal quarter.

Key Points: 
  • Revenues: Revenues for the fourth fiscal quarter ended October 31, 2022 were approximately $3.0 million, compared to approximately $0.1 million for the prior fourth fiscal quarter.
  • Cost of Revenue, Net, and Gross Profit (Loss): Gross profit for the fourth fiscal quarter ended October 31, 2022 was approximately $1.1 million, compared to approximately $(1.0) million gross loss for the prior fourth fiscal quarter.
  • Total cost of revenue for the fourth fiscal quarter ended October 31, 2022 was approximately $1.9 million, compared to approximately $0.9 million for the prior fourth fiscal quarter, and approximately $11.5 million for fiscal year 2022, compared to approximately $46.8 million for fiscal year 2021.
  • Operating Expenses: Total operating expenses for the fourth fiscal quarter ended October 31, 2022 were approximately $3.8 million, compared to approximately $4.3 million for the prior fourth fiscal quarter, and were approximately $15.6 million for fiscal year 2022, compared to approximately $22.4 million for fiscal year 2021.

Kaival Marketing Services Hires Former Swisher International VP of Sales

Retrieved on: 
Wednesday, December 7, 2022
Swisher (company), RAI, Annual report, OTP, Simmons, Ray Wheeler, Optimo, Philip Morris International, FDA, Marketing, Reynolds American, Food, Smoker, BLK, KAVL, Security (finance), VELO, Smokeless tobacco, Wheeler, Stick, Circuit court, UL, Growth, Senior, COVID-19, Corporate development, ENDS, Pharmaceutical industry, KMS

The expanded sales and marketing capability at KMS comes as Kaival Brands and KMS are gearing up for anticipated revenue growth.

Key Points: 
  • The expanded sales and marketing capability at KMS comes as Kaival Brands and KMS are gearing up for anticipated revenue growth.
  • Eric Mosser, President and Chief Operating Officer of Kaival Brands, stated, "We applaud KMS on strengthening their robust and accomplished marketing and sales team by securing a top talent in the industry.
  • Based in Jacksonville Beach, Florida, Kaival Marketing Services has served as the primary marketing and sales service provider for Kaival Brands since 2020.
  • Kaival Marketing Services has used its experience and expertise in retail marketing and sales to catapult the BIDI® Stick to become the No.

Swisher International Renews Data Partnership with National Retail Solutions to Expand Brand Strategies with Independent Tobacco Retailers

Retrieved on: 
Wednesday, September 1, 2021
Industry, Growth, POS, Tobacco, GLOBE, Business, Bodega, Data, CPG, Solution, IDT, IDT Corporation, NYSE, Adult, NRS, Sale, Swisher (company), Culture, Marketing

NRS POS network serves over 13,100 independent convenience stores and other small format retailers nationwide.

Key Points: 
  • NRS POS network serves over 13,100 independent convenience stores and other small format retailers nationwide.
  • "The NRS data has given Swisher a line of sight into a segment of retail that has been hard for us to read.
  • This dataset has enabled us to both build out brand strategies tailored to the Independent and also act tactically against sizable store-level opportunities," said Greg Schmidt Senior Director of Business Analyticsat Swisher International.
  • National Retail Solutions operates a POS terminal-based platform for independent retailers and bodega owners nationwide.