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NBEV - NewAge, Inc.

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NewAge, Inc.

NBEV

NASDAQ

Inactive Equity

NewAge, Inc. develops, markets, sells, and distributes healthy products in the United States, Japan, China, and internationally. The company operates in two segments, Direct / Social Selling and Direct Store. It provides health and wellness, energy drink, essential oil and anti-aging skincare, cosmetic, beverage, snacks, water and air filtration, and personal care products, as well as weight management, nutritional supplement, nutraceutical, and slenderiize products; diagnostic products, such as DNA testing and diagnostic kits and products; and CBD products. The company offers its products under the Tahitian Noni, LIMU, Zennoa, LIMU Blue Frog, Hiro Natural, TeMana, Lucim, Reviive, Puritii, and MaVie brands. It sells its products directly to customers, as well as through distributors, e-commerce sites, and direct-store-delivery systems. The company was formerly known as New Age Beverages Corporation and changed its name to NewAge, Inc. in July 2020. NewAge, Inc. was incorporated in 2010 and is headquartered in Denver, Colorado. On August 30, 2022, NewAge, Inc. along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.

0.0935 USD

-0.0315 (-33.69%)

NBEV Financial Statements

Year

2020

2019

2018

2017

Total Revenue

279.47M

253.71M

52.16M

52.19M

Cost of Revenue

101.98M

101M

42.87M

39.79M

Gross Profit

177.49M

152.71M

9.29M

12.4M

Operating Expenses

212.34M

199.32M

25.38M

18.45M

Research and Development

0

0

0

0

Selling, General & Administrative Expenses

113.21M

0

23.07M

18.45M

Selling & Marketing Expenses

0

0

2.78M

3.84M

General & Administrative Expenses

113.21M

0

20.29M

14.61M

Other Expenses

99.13M

199.32M

2.31M

668.05M

Operating Income

-34.85M

-80M

-19.37M

-6.05M

Total Other Income/Expenses Net

-2.6M

-98.17M

-1.69M

2.51M

Income Before Tax

-37.45M

-77.17M

-21.06M

-3.54M

Income Tax

-1.9M

12.67M

-8.93M

2.74M

Net Income

-39.34M

-89.83M

-12.13M

-3.54M

Basic EPS

-0.41

-1.16

-0.26

-0.12

EPS Diluted

-0.41

-1.16

-0.26

-0.12

Basic Average Shares

96.35M

77.25M

46.45M

30.62M

Diluted Average Shares

96.35M

77.25M

46.45M

30.62M

EBITDA

-29.93M

-64.5M

-17.68M

-1.7M

Retained Earning Schedule

Year

2020

2019

2018

2017

Retained Earnings (Previous Year)

-112.47M

-22.64M

-10.5M

-6.96M

Net Income

-39.34M

-89.83M

-12.13M

-3.54M

Stock Repurchases

0

0

0

0

Dividend Paid

0

0

0

0

Retained Earnings

-151.81M

-112.47M

-22.64M

-10.5M

Other Distributions

-39.34M

-89.83M

-12.14M

-3.54M

PPE Schedule

Year

2020

2019

2018

2017

Gross PPE

28.08M

66.9M

75.77M

5.96M

Annual Depreciation

8.93M

8.76M

2.31M

1.61M

Capital Expenditure

-2.47M

-7.16M

-744k

-562.57k

Net PPE

21.62M

65.3M

74.2M

4.92M

Intangible and Goodwill Schedule

Year

2020

2019

2018

2017

Acquisitions and Adjustments

44.71M

-21.23M

10.28M

16.33M

Goodwill (Previous Year)

10.28M

31.51M

21.23M

4.9M

Goodwill

54.99M

10.28M

31.51M

21.23M

All figures are in USD.

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