Business
Celsius Holdings Delivers Record Quarterly Revenue of $30.0 Million for the Second Quarter 2020, up 86%
Six Month Period Ended June 30, 2020 Revenue Totals $58.2 Million, up 90.2%; Distribution Expansion and Robust Demand Continue to Drive Momentum BOCA RATON,
About this update from Celsius Holdings, Inc.
[{"type":"text","content":"Six Month Period Ended June 30, 2020 Revenue Totals $58.2 Million, up 90.2%;\n Distribution Expansion and Robust Demand Continue to Drive Momentum\n\n\nBOCA RATON, Fla., Aug. 6, 2020 /PRNewswire/ -- Nasdaq: CELH) Celsius Holdings Inc., maker of the leading global fitness drink, CELSIUS®, today reported financial results for the three and six month periods ended June 30, 2020. \n\n \n \n \n \n \n \n\n \n2020 Second Quarter Financial Highlights: \nRecord revenue of $30.0 million, up 86.3% from $16.1 million in the year ago quarter Domestic revenue increased 44.4% to $20.8 million, up from $14.4 million in the year ago quarter International revenue increased 441.2% to $9.2 million, up from $1.7 million in the year ago quarter Gross profit of $13.0 million, up 88.4% from $6.9 million in the year ago quarter Net income of $1.6 million compared to a net loss of $(1.5) million in the year ago quarter Non-GAAP Adjusted EBITDA* was $2.6 million compared to $(15,000) in the year ago quarter 2020 Year-to-Date Financial Highlights: \nRevenue of $58.2 million, up 90.2% from $30.6 million in the period Domestic revenue increased 55.8% to $40.2 million, up from $25.8 million in the year ago period International revenue increased 275.0% to $18.0 million, up from $4.8 million in the year ago period Gross profit of $26.0 million, up 106.4% from $12.6 million in the year ago period Net income of $2.1 million compared to $10.2 million, inclusive of $12.1 million gain related to the recognition of a note receivable from the company's Chinese licensee in connection with the change in business model in China, in the year ago period Non-GAAP Adjusted EBITDA* was $5.4 million compared to $863,000 in the year ago period* \nThe Company reports financial results in accordance with accounting principles generally accepted in the United States (\"GAAP\"), but believes that disclosure of adjusted EBITDA, a non-GAAP financial measure, may provide users with additional insights into operating performance.\nOther Highlights:\nSecured additional distribution agreements with partners in the Anheuser-Busch InBev, PepsiCo, Keurig Dr. Pepper and MillerCoors networks; National distribution network now includes more than 135 regional direct store delivery (DSD) partners Launched newest flavor, Peach Vibe, a refreshing exotic summer flavor. Upon launch Peach Vibe was ra...