Business
Celsius Holdings Delivers Record Annual Revenue of $75 Million, Up 43%
Annual Domestic Revenue Increases 53% to $60 Million Distribution Expansion and Robust Demand Drive Year-over-Year Growth of 66% for Fourth Quarter BOCA
About this update from Celsius Holdings, Inc.
[{"type":"text","content":"Annual Domestic Revenue Increases 53% to $60 Million\n Distribution Expansion and Robust Demand Drive Year-over-Year Growth of 66% for Fourth Quarter\n\n\nBOCA RATON, Fla., March 12, 2020 /PRNewswire/ -- Celsius Holdings, Inc. (Nasdaq: CELH), maker of the leading global fitness drink, CELSIUS®, today reported financial results for the year and quarter ended December 31, 2019. \n\n \n \n \n \n \n \n\n \nFull Year 2019 Financial and Business Highlights:\nRecord high revenue of $75.1 million, up 43% from $52.6 million in 2018 Domestic revenue increased 53% to $59.7 million, up from $38.9 million in 2018 International revenue increased 13% to $15.5 million, up from $13.7 million in 2018Gross profit increased 49% to $31.3 million, up from $21.1 million in 2018 Net income to common stockholders was $10.0 million, inclusive of a $12.5 million net gain related to a change in the company's business model in Asia, compared to a net loss to common stockholders of $11.4 million, inclusive of $7.2 million net investment in Asia and a $1.0 million legal settlement in 2018 Non-GAAP Adjusted EBITDA* of $4.0 million compared to $2.2 million in 2018 2019 Fourth Quarter Financial and Business Highlights: \nRecord revenue of $24.1 million, up 64% from $14.7 million in the year ago quarter Domestic revenue increased 56% to $17.1 million, up from $10.9 million in the year ago quarter International revenue increased 89% to $7.1 million, up from $3.7 million in the year ago quarterGross profit of $10.1 million, up 85% from $5.4 million in the year ago quarter Net loss to common stockholders was $1.2 million compared to a net loss to common stockholders of $893,000 in the year ago quarter Non-GAAP Adjusted EBITDA* was $607,000 compared to $135,000 in the year ago quarter \n*\nThe Company reports financial results in accordance with accounting principles generally accepted in the United States (\"GAAP\"), but management believes that disclosure of adjusted EBITDA, a non-GAAP financial measure, may provide users with additional insights into operating performance.\nSubsequent to Year End:\nOn March 3, 2020, Celsius announced a nationwide launch with Walmart in over 1,500 locations; In addition, 5th SKU launched in over 1,300 Target stores nationally DSD (Direct store Delivery) distributors grew to over 100 partners compared to 50 when Celsius first highli...