New Age Beverages (NBEV) Misses Q2 EPS by 1c, Revenues Miss
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NewAge Delivers $63MM in Q2 Revenue Standalone Before It More Than Doubles With the Upcoming Closing of the Combination With ARIIX
August 10, 2020 6:00 AM EDTDENVER, Aug. 10, 2020 (GLOBE NEWSWIRE) -- NewAge, Inc. (Nasdaq: NBEV), the Colorado-based healthy and organic products company with current presence in more than 60 countries, today announced financial results for the quarter ended June 30, 2020 with net revenue reaching $62.6 million. This does not include revenues from its recently announced combination with ARIIX and four other e-commerce, direct selling companies, which is expected to more than double the size of the Company, and significantly improve the combined entitys profitability. The pending merger is expected to close during the third quarter of this year.
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