New Age Beverages (NBEV) Reports Q4 Revenues Above Estimates

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New Age Beverages Corporation Announces 4th Quarter Revenue Growth of 24% and an Increase in Pro-Forma Revenue to Near $300 Million

March 29, 2019 6:36 AM EDT

DENVER, CO / ACCESSWIRE / March 29, 2019 / NEW AGE BEVERAGES CORPORATION (NASDAQ: NBEV), the Colorado and Utah-based organic and natural beverage company intending to become the world's leading healthy beverages and lifestyles company, today announced financial results for the fourth quarter and full year ended December 31, 2018.

KEY HIGHLIGHTS:

Balance sheet significantly strengthened with >$280 million in assets, increased cash to >$42 million and a current ratio of nearly 2 to 1 Organic topline growth of the core brands Bcha (>25%), Marley (>50%), Xing (>20%), position the brands well for further growth as distribution expands... More