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NewAge Management

Management criteria checks 2/4

Key information

Darren Zobrist

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	no data
CEO ownership	n/a
Management average tenure	2.3yrs
Board average tenure	3.2yrs

Recent management updates

Recent updates

NewAge files for chapter 11 bankruptcy

Aug 30

NewAge receives Nasdaq notice for non-compliance

Aug 18

New Age: 4 Catalysts That We Like Including A Valuation That Is Too Cheap To Ignore

Jul 05

Party Time: Brokers Just Made Major Increases To Their NewAge, Inc. (NASDAQ:NBEV) Earnings Forecasts

Dec 11

NewAge secures new $30M debt facility, shares slide ~4% premarket

Dec 01

NewAge brings in ARIIX to bolster DTC business

Nov 16

NewAge Was Hot Before Recent Cannabis Resurgence - Will Remain Hot

Nov 13

NewAge EPS misses by $0.08, misses on revenue

Nov 09

CEO

Darren Zobrist

no data

Tenure

Darren Zobrist is Chief Executive Officer of NewAge, Inc.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Darren Zobrist	Chief Executive Officer	no data	no data	no data
Mark Wilson	Group President	2.3yrs	no data	no data
Kevin Manion	Chief Financial Officer	no data	no data	0.13% $ 21.4
Phil Lewis	Senior Vice President of Operations	no data	no data	no data
Lisa Mueller	Vice President of Investor Relations	no data	no data	no data
Jennifer Grafton	Senior VP & General Counsel	1.3yrs	no data	no data
Michael Cunningham	Senior Vice President of Sales	no data	no data	no data
Deanna Latson	Chief Product & Marketing Officer	no data	no data	no data
Liz Martinez	Chief Human Resources Officer	no data	no data	no data
Jay Barrow	Head of Brand	no data	no data	no data
Kelly Olsen	Chief Commercial Officer	4.3yrs	no data	no data
Randy Looper	President of New Age Health Sciences Divisions	no data	no data	no data

2.3yrs

Average Tenure

60yo

Average Age

Experienced Management: NBEV.Q's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Edward Brennan	Chairman	6.2yrs	US$170.00k	1.17% $ 197.2
Frederick Cooper	Director	2.3yrs	US$39.30k	7.18% $ 1.2k
Michele Crocker	Director	less than a year	no data	no data
Gregory Fea	Independent Non-Executive Director	6.2yrs	US$287.50k	no data
Amy Kuzdowicz	Independent Director	4.1yrs	US$177.50k	no data
Judith Hammerschmidt	Director	1.3yrs	no data	no data

3.2yrs

Average Tenure

62yo

Average Age

Experienced Board: NBEV.Q's board of directors are considered experienced (3.2 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/03/16 22:03
End of Day Share Price	2023/03/15 00:00
Earnings	2021/09/30
Annual Earnings	2020/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

NewAge, Inc. is covered by 6 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jeffrey Kauffman	Aegis Capital Corporation
Aaron Grey	Alliance Global Partners
Rommel Dionisio	Compass Point Research & Trading, LLC

This company is no longer active

NewAge Management

Management criteria checks 2/4

Key information

Recent management updates

Less than half of directors are independent

NewAge, Inc. Announces Executive Changes

Less than half of directors are independent

NewAge, Inc. Appoints Michele Crocker to its Board of Directors

Independent Director recently bought US$608k worth of stock

NewAge, Inc. Announces Board Changes

Recent updates

Rosen Law Firm Files Securities Class Action Lawsuit Against NewAge, Inc

Nasdaq to Delist Common Stock of NewAge

Newage Announces That Its Common Stock Has Ceased Trading on Nasdaq

Motion for Joint Administration Filed by NewAge, Inc.

DIP Financing, LLC entered into an asset purchase agreement to acquire all of the assets from NewAge, Inc. (NasdaqCM:NBEV), Morinda, Inc, Morinda Holdings, Inc. and Ariix LLC for $28 million.

NewAge files for chapter 11 bankruptcy

NewAge Receives Additional Delinquency Notice from Nasdaq on Late Filing of its Form 10-Q

NewAge receives Nasdaq notice for non-compliance

NewAge, Inc. Receives Notice of Default Letter from East West Bank

Less than half of directors are independent

NewAge, Inc. Announces Executive Changes

New Age: 4 Catalysts That We Like Including A Valuation That Is Too Cheap To Ignore

Cologne List® Adds NewAge, Inc.'s Nutrifii™ Renew to Certification List

Newage, Inc. Receives Nasdaq Notice on Late Filing of Its Form 10-Q

NewAge, Inc. announced delayed 10-Q filing

NewAge, Inc. Receives Notification from Nasdaq Related to Delayed Annual Report on Form 10-K

Less than half of directors are independent

NewAge, Inc. Appoints Michele Crocker to its Board of Directors

NewAge, Inc. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

Consensus forecasts updated

Price target decreased to US$3.33

NewAge, Inc. Provides Revenue Guidance for the Fourth Quarter Ended December 31, 2021

Is NewAge (NASDAQ:NBEV) Using Debt Sensibly?

Independent Director recently bought US$608k worth of stock

Third quarter 2021 earnings released: US$0.018 loss per share (vs US$0.14 loss in 3Q 2020)

NewAge, Inc. Publishes Major New Discovery on Blocking Spike Proteins from Binding to Human Cells

Health Check: How Prudently Does NewAge (NASDAQ:NBEV) Use Debt?

Price target decreased to US$5.50

Second quarter 2021 earnings released: EPS US$0.12 (vs US$0.10 loss in 2Q 2020)

TCI Co., Ltd. (TPEX:8436) entered into a memorandum of understanding to acquire US manufacturing operations from NewAge, Inc. (NasdaqCM:NBEV) for $3.5 million.

Chief Financial Officer Gregory Gould has left the company

Forecast breakeven pushed back to 2022

Price target decreased to US$5.00

NewAge, Inc. (NasdaqCM:NBEV) completed the acquisition of Aliven Inc.

NewAge, Inc. Launches New Children’s Multivitamin With Better Absorption for Immune System Support

NewAge updates on strong growth for Europe business

NewAge Launches New Ocean Friendly, Safe and Effective Sunscreen to the Lucim™ Skincare Line

NewAge, Inc. announced delayed annual 10-K filing

NewAge, Inc. (NasdaqCM:NBEV) entered into an agreement to acquire Aliven Inc. for $2.8 million.

Koios Beverage Corp. Enters into A Distribution Agreement with Newage, Inc

The NewAge (NASDAQ:NBEV) Share Price Is Up 880% And Shareholders Are Delighted

NewAge, Inc. announced that it expects to receive $57.960469 million in funding

NewAge, Inc. to Report Q4, 2020 Results on Mar 16, 2021

New 90-day high: US$3.56

Party Time: Brokers Just Made Major Increases To Their NewAge, Inc. (NASDAQ:NBEV) Earnings Forecasts

NewAge secures new $30M debt facility, shares slide ~4% premarket

NewAge, Inc. Announces Board Changes

New Age Beverages Corporation (NasdaqCM:NBEV) completed the acquisition of ARIIX Holdings, LLC from certain members of Ariix Holdings, LLC.

NewAge brings in ARIIX to bolster DTC business

NewAge Was Hot Before Recent Cannabis Resurgence - Will Remain Hot

Earnings beat expectations, revenue disappoints

Third quarter 2020 earnings released: US$0.14 loss per share

NewAge EPS misses by $0.08, misses on revenue

New 90-day high: US$3.00

NewAge, Inc. to Report Q3, 2020 Results on Nov 09, 2020

New 90-day high: US$2.43

New Age Beverages Corporation (NasdaqCM:NBEV) entered into an agreement to acquire ARIIX Holdings, LLC from certain members of Ariix Holdings, LLC for approximately $280 million.

Zachert Private Equity GmbH acquired all of the membership interests in Brands Within Reach, LLC (BWR) from NewAge, Inc. (NasdaqCM:NBEV) in a deal valued at $15 million.

First half earnings released

NewAge, Inc. to Report Q2, 2020 Results on Aug 10, 2020

New 90-day high - US$2.46

Price target raised to US$6.00

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members