Splash Beverage 2Q Net Sales Jump 37%, Net Loss Narrows

Splash Beverage Corp. reports second quarter net sales rose 37% to $4.499 million, primarily due to increased sales of TapouT and from e-commerce sales. The company's net loss narrowed to $5.8 million from $6.6 million a year earlier.

Robert Nistico, chairman/CEO, said:

“Our 2022 second quarter results reflect our ongoing efforts to grow the business through key distribution agreements and retail authorizations. We are exactly where we expected to be mid-year, producing another record quarter, and added six new agreements during the quarter, bringing our total number of new agreements or authorizations since our key November announcement to more than 20. We also announced our intention to acquire Pulpoloco during the quarter, and acquisition which hold to potential to increase margins as well as open new channels for revenue growth as we explore the opportunities presented by its unique packaging with CartoCan.

“We continue to execute a business plan that relies on 4 key pillars for success.  We have a strong management team, we have a diverse portfolio of brands that match consumer trends, our marketing strategy continues to yield new distribution agreements and retail authorizations, and we have the financial flexibility we need.  We look forward to the second half of 2022.”