NEWAGE REPORTS 386% FULL YEAR 2019 REVENUE GROWTH

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New Age Beverages (NBEV) Misses Q4 EPS by 75c, Revenues Miss

March 16, 2020 6:16 AM EDT

New Age Beverages (NASDAQ: NBEV) reported Q4 EPS of ($0.83), $0.75 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $59.2 million versus the consensus estimate of $66.2 million.

Fourth Quarter 2019 Financial Results

During the fourth quarter of 2019, net revenue increased 323% to $59.2 million compared to $14.0... More