New Age Beverages (NBEV) Gains 10% Following Results

New Age Beverages (NASDAQ: NBEV) is gaining 10% in pre-open trade after reported Q4 gross revenues reached $12,379,799 versus $11,274,174 in the prior year. Net revenues less discounts, returns and billbacks reached $11,246,317 versus $10,544,254 in the prior year.

Gross profit (not including shipping expense) reach 29.4% of net sales, flat versus the prior year in 2016. Shipping costs in the year were $676,318 or 6.0% of sales versus $450,853 in the prior year period.

For the year, net revenue rose 106%.

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