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Celsius Holdings, Inc. (CELH) Reports Q4 Loss of $0.02, Revenues Beat

March 12, 2020 8:35 AM

Celsius Holdings, Inc. (NASDAQ: CELH) reported Q4 EPS of ($0.02), versus ($0.01) reported last year. Revenue for the quarter came in at $24.1 million versus the consensus estimate of $21.5 million.

"This past year was highlighted by a number of significant accomplishments that not only contributed to an exceptional 2019, but also provide us with tremendous momentum into 2020 and beyond," said John Fieldly, President and Chief Executive Officer. "We grew our revenue exponentially setting record highs both for the full year and each quarter through 2019, all while generating positive cash flow. In addition, we reengineered our business model in China, growing our infrastructure, and expanded our distribution with the addition of new channels to support higher volumes. We enhanced our portfolio with new, innovative products and flavors, and our brand is more widely recognized than ever before."

Fieldly continued, "Looking ahead, we have plans in place and initiatives underway to further leverage our expanding distribution and continue to build our global brand equity. This positions our CELSIUSĀ® portfolio as a global leader in health & wellness, which we believe will drive continued growth and success in 2020."

For earnings history and earnings-related data on Celsius Holdings, Inc. (CELH) click here.

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