New Age Beverages (NBEV) Reports Q4 Revenues Beat

Go back to New Age Beverages (NBEV) Reports Q4 Revenues Beat

NewAge Announces Record Fourth Quarter and Full-Year 2020 Financial Results

March 16, 2021 7:00 AM EDT

- Net Revenue up 53% to $90.4 million for the fourth quarter of 2020- Net Income improved $61.8 million vs. prior year to a net loss $4.0 million - Adjusted EBITDA of $2.9 million, NewAges first quarter with positive EBITDA(1)

DENVER, March 16, 2021 (GLOBE NEWSWIRE) -- NewAge, Inc. (Nasdaq: NBEV), the Colorado-based healthy products company intending to become the worlds leading social selling and distribution company, today announced financial results for the quarter ended December 31, 2020, with net revenue reaching $90.4 million, an increase of 53%. Adjusted EBITDA(1) also exceeded... More