New age beverages corp (NBEV)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Net revenue

63,693

59,225

69,828

66,348

58,307

13,996

13,243

13,362

11,558

-

15,049

15,104

-

-

-

-

-

-

-

940

243

244

300

262

236

234

260

253

221

REVENUES, net

-

-

-

-

-

-

-

-

-

-

-

-

10,787

10,544

13,482

686

588

-

611

944

248

255

306

267

241

234

266

258

225

Less: Excise taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

-11

-5

-4

-4

0

-5

-5

-4

Cost of goods sold

22,169

27,039

29,532

24,699

19,731

10,775

11,544

11,603

8,942

8,618

11,103

11,713

8,352

7,875

10,529

600

499

533

458

613

228

438

131

124

184

393

81

89

119

Gross profit

41,524

32,186

40,296

41,649

38,576

3,220

1,699

1,759

2,616

2,627

3,946

3,390

2,435

2,668

2,952

86

89

-240

152

326

14

-194

169

138

51

-159

178

163

101

Operating expenses:
Commissions

19,515

17,131

21,185

19,607

18,038

1,752

356

346

327

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative

30,608

33,861

26,104

28,175

26,842

7,552

4,338

4,142

4,256

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advertising, promotion and selling

-

-

-

-

-

-

-

488

-

-

1,169

894

697

678

708

101

96

-

-

-

-30

191

79

-90

-24

204

90

-84

-36

Stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66

-

-

133

560

-

-

0

0

Amortization of stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

-

-

-

0

-

-

Director Compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

150

-

-

-

0

-

-

General and administrative

-

-

-

-

-

-

-

4,232

-

-

2,968

2,698

2,090

3,548

1,798

850

169

-

-

-

88

830

170

158

124

76

102

117

119

Business combination expense (gain): Financial advisor and other transaction costs

-

-

-

-

-

-

-

283

-

-195

222

132

73

145

150

1,093

81

-

-

-

-

-

-

-

-

-

-

-

-

Business combination expense (gain): Change in fair value of earnout obligations

-

-

-6,244

-6,665

-

0

0

0

100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-lived asset impairment expense: Right-of-use assets

-

-

-

1,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization expense

1,781

1,888

2,241

2,017

2,236

856

416

517

521

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

51,904

97,670

43,286

44,634

47,116

13,349

5,110

5,004

5,204

7,733

4,360

3,724

2,861

4,371

2,657

2,046

347

-

-

-

185

-65

413

382

709

38

192

201

155

Operating loss

-10,380

-65,484

-2,990

-2,985

-8,540

-10,128

-3,411

-3,245

-2,588

-5,106

-414

-333

-426

-1,703

294

-1,960

-258

-

-

-

-171

-129

-244

-244

-658

-198

-13

-38

-53

Non-operating income (expense):
Gain (loss) from sale of property and equipment

-80

-

-85

-

6,442

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-0

0

22

6

0

3

0

0

Interest expense

572

-

727

-

1,646

-

44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-

-

-

-

-

-

-

0

-

-335

33

401

200

-

7

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from sale of land and building

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

-

-

756

-

-

-

124

56

55

46

45

80

109

123

36

29

-

-

-

-4

8

-3

-3

-4

-7

-12

-4

-4

Other debt financing expenses

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) from change in fair value of derivatives

-326

67

-166

0

470

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other income (expense), net

463

6

-48

-143

-42

25

-49

-120

-7

-

-65

2,830

-281

191

-131

-37

-29

-

-

-

-4

8

-2

18

1

-7

-9

-4

-4

Other income

-

-

-

-

-

-

-

3

-

-

14

3,277

-

292

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-10,895

-65,951

-4,016

-3,884

-3,316

-11,540

-3,504

-3,367

-2,651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit (expense)

723

-100

6,671

7,797

-1,700

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-11,618

-65,851

-10,687

-11,681

-1,616

-2,613

-3,504

-3,366

-2,651

-4,845

-479

2,496

-707

-1,511

163

-1,997

-287

-

-

-

-175

-120

-247

-225

-656

-206

-23

-42

-58

Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax

-1,391

318

-1,138

569

427

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive loss

-13,009

-65,533

-11,825

-11,112

-1,189

-1,987

-3,504

-3,367

-2,651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET (LOSS)/INCOME PER SHARE - BASIC

-

-

-

-

-

-

-

-0.09

-

-

-0.01

0.08

-

-

0.01

-0.12

-

-

-

-

-

-

-

-

-

-

-

-

-

NET (LOSS)/INCOME PER SHARE - DILUTED

-

-

-

-

-

-

-

-0.09

-

-

-0.01

0.08

-

-

0.01

-0.12

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss per share (basic and diluted)

-0.14

-0.85

-0.14

-0.15

-0.02

-0.02

-0.08

-0.04

-0.12

-

-

-

-0.03

-

-

-

-0.02

-

-

-

-0.01

0.00

-0.02

-0.02

-0.06

-0.02

0.00

-0.01

-0.01

Weighted average number of shares of Common Stock outstanding (basic and diluted)

85

230,780

78,076

76

75

142,370

43,346

44

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

BASIC

-

-

-

-

-

-

-

38,910

-

-

35,171

24,254

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

DILUTED

-

-

-

-

-

-

-

38,910

-

-

35,171

24,354

-

-

-

-

-

-

-

-

12,760

13,094

12,591

12,285

11,571

9,000

8,139

8,000

8,000