UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Indicate by check mark whether the registrant is an
emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
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Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On November 16, 2021 Splash Beverage Group, Inc. (the “Company”) issued a press release announcing certain financial results for the second quarter ended September 30, 2021. A copy of the press release is attached as exhibit 99.1.
The information in this Current Report, including the exhibits hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item 2.02 and in the accompanying Exhibit 99.1 shall not be incorporated by reference into any registration statement or other document filed by the Company with the Securities and Exchange Commission, whether made before or after the date of this Current Report, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit Number |
Description | |
99.1 | Press Release dated November 16, 2021 |
2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 17, 2021
SPLASH BEVERAGE GROUP, INC. | |
/s/ Dean Huge | |
Dean Huge Chief Financial Officer |
3 |
Exhibit 99.1
Splash Beverage Group Reports Third Quarter 2021 Results
SPLASH BEVERAGE GROUP INC.
Tue, November 16, 2021, 8:30 AM·3 min read
In this article:
SBEV
-11.06%
Continued Robust Year-over-Year Revenue Growth
Fort Lauderdale, Florida, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Splash Beverage Group, Inc. (NYSE American: SBEV) ("Splash" or the "Company"), an innovator in the beverage industry with a growing portfolio of alcoholic and non-alcoholic beverage brands, today announced the filing of its third quarter 2021 Report on Form 10-Q for the three months ended September 30, 2021 with the Securities and Exchange Commission on November 15, 2021.
Highlights from the report include:
· 308% Growth in Quarterly Revenues Year-over-Year
Revenues for the quarter ended September 30, 2021, were $2,827,393, an increase of $2,134,419 or 308%, over revenues of $692,974 in third quarter of 2020.
· 578% Year-Over-Year Revenue Growth in First Nine Months
Revenues in the first nine months of 2021 grew to $8,254,078, an increase of $7,036,369 or 578%, over $1,217,709 in the first nine months of 2020.
For the three-months ending September 30, 2021, the company sustained a $12.2 million loss from continuing operations, of which $8.8 million resulted from non-cash transactions.
For the nine-months ending September 30, 2021, the company sustained a $23.2 million loss from continuing operations, of which $13.3 million resulted from non-cash transactions.
“We continue to build robust year-over-growth revenue growth driven by all brands in our portfolio with particular strength coming from Copa di Vino and Pulpoloco. Our balance sheet remains strong with over $8 million in cash and equivalents, while most of our expenses were non-cash. During and immediately following the third quarter, we signed four distribution agreements to expand our footprint and drive revenues, and we enhanced our product lines through new packaging for TapouT, eco-friendly packaging for Pulpoloco, and a new four-pack for Copa di Vino. We expect strong growth in the fourth quarter as we anticipate signing additional key distribution agreements and benefit from the distribution agreements signed in Q3,” stated Robert Nistico, CEO of Splash.
The full 10-Q Quarterly Report can be found here: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001553788/000173112221001942/e3201_10-q.htm
About Splash Beverage Group, Inc.
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and TapouT performance hydration and recovery drink. Splash’s strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution.
For
more information visit:
www.SplashBeverageGroup.com
www.copadivino.com
www.drinksalttequila.com
www.pulpo-loco.com
www.tapoutdrinks.com
Contact
Information:
Splash Beverage Group
Info@SplashBeverageGroup.com
954-745-5815
Forward-Looking Statement
This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation, the risks disclosed in the Company’s Annual Report on Form 10-K filed with the SEC on March 8, 2021, and in the Company’s other filings with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.
Cover |
Nov. 16, 2021 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Nov. 16, 2021 |
Entity File Number | 000-55114 |
Entity Registrant Name | SPLASH BEVERAGE GROUP, INC. |
Entity Central Index Key | 0001553788 |
Entity Tax Identification Number | 34-1720075 |
Entity Incorporation, State or Country Code | CO |
Entity Address, Address Line One | 1314 East Las Olas Blvd |
Entity Address, Address Line Two | Suite 221 |
Entity Address, City or Town | Fort Lauderdale |
Entity Address, State or Province | FL |
Entity Address, Postal Zip Code | 33316 |
City Area Code | (954) |
Local Phone Number | 745-5815 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, No Par Value |
Trading Symbol | SBEV-WT |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
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