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NewAge, Inc. Stock Price

OTCPK:NBEV.Q Community·US$16.9k Market Cap
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NBEV.Q Share Price Performance

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Snowflake Analysis

Adequate balance sheet and slightly overvalued.

4 Risks
1 Reward

NewAge, Inc. Key Details

US$439.5m

Revenue

US$142.6m

Cost of Revenue

US$297.0m

Gross Profit

US$304.1m

Other Expenses

-US$7.1m

Earnings

Last Reported Earnings
Sep 30, 2021
Next Reporting Earnings
n/a
-0.042
67.57%
-1.62%
7.9%
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About NBEV.Q

Founded
2010
Employees
n/a
CEO
Darren Zobrist
WebsiteView website
www.newage.com

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.

Recent NBEV.Q News & Updates

Seeking Alpha Aug 30

NewAge files for chapter 11 bankruptcy

NewAge (NASDAQ:NBEV) said Tuesday it filed for chapter 11 bankruptcy proceedings in Delaware after completing a strategic review. NBEV secured a commitment for a debtor in possession financing facility of $16M, subject to court approval. This financing, along with revenue generated from operations, will provide liquidity to support NBEV through the sale process. NBEV also filed a motion for court approval of an asset purchase deal with stalking horse bidder DIP Financing. NBEV intends to pursue a sale of substantially all of its assets as a going concern in one or more deals. The deal with DIP Financing is subject to NBEV receiving higher offers as part of its ongoing auction process. NBEV's management will continue to operate the business as debtors in possession. The company intends to pay vendors and partners under customary terms for goods and services received on or after the filing date, and to pay employees as usual. Shares of NBEV ended 74.2% higher on Tuesday.
Seeking Alpha Aug 18

NewAge receives Nasdaq notice for non-compliance

NewAge (NASDAQ:NBEV) received an additional delinquency notice from the Nasdaq dated August 11, 2022 due to the company’s failure to file its quarterly report for the quarter ended June 30, 2022 with the SEC. Company received notices from Nasdaq on April 1, 2022 and May 12, 2022. Company must submit an update to its original compliance plan to Nasdaq by August 26, 2022.

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