Core Brands Grow 12% While Non-Alcoholic & Functional Revenue More Than Doubles

Portfolio Transformation Continues with New Retail Wins, Category Leadership and Functional Expansion

Introduces Initial Financial Guidance for Q3, Full-Year 2026 and Fiscal 2027

SANTA MARIA, Calif., Aug. 17, 2026 (GLOBE NEWSWIRE) -- AMASS Brands Inc. (Nasdaq: AMSS), a premium, multi-category beverage platform spanning non-alcohol, functional, and alcohol 2.0 products, today announced financial results for the second quarter ended June 30, 2026.

Financial Highlights for the Second Quarter

   -- Net revenue of $5.6 million, up 2% from the prior-year quarter 
 
   -- Non-Alcoholic and Functional segment net revenue of $0.4 million, up 132%, 
      driven by Good Twin growth and the launch of AMASS Electrolytes 
 
   -- Core brand net revenue up 12%, representing 67% of brand-attributed net 
      revenue compared with 62% in the prior-year quarter 
 
   -- Gross profit of $1.5 million, or 26.7% of net revenue, adjusted gross 
      profit of $1.6 million, or 29.3% 
 
   -- Adjusted EBITDA of $(1.7) million 
 
   -- Cash and cash equivalents of $1.6 million at June 30, 2026; 11,605,081 
      shares of common stock and 3,856,688 common stock warrants outstanding 

Second Quarter 2026 Business Highlights

   -- Good Twin Became the #1 Organic Non-Alcoholic Wine Brand in the U.S. Good 
      Twin claimed the #1 position in the U.S. organic non-alcoholic wine 
      category by dollar share, according to Nielsen, capturing more than 
      one-third of category dollars while growing dollar sales more than 122% 
      year-over-year, nearly three times the growth rate of the category, 
      underscoring the Company's ability to build category leaders within one 
      of the fastest-growing segments in beverage. 
 
   -- Launched AMASS Electrolyte Mixers, Entering the Functional Wellness 
      Category. The Company launched AMASS Electrolyte Mixers, its first 
      AMASS-branded functional beverage product designed for both standalone 
      hydration and mixer occasions, extending the platform into the 
      multi-billion-dollar functional wellness category. 
 
   -- Secured First U.S. Distribution Partner for AMASS Electrolyte Mixers. 
      Great Lakes Wine & Spirits, Michigan's leading family-owned wholesale 
      distributor, became the brand's first U.S. distribution partner, 
      establishing an initial commercial footprint and the first step in the 
      Company's multi-market rollout of the functional beverage line. 
 
   --  Pizzolato MUSE Claimed #1 in U.S. Organic Sparkling Wine and Launched 
      Nationwide at Whole Foods Market. Pizzolato claimed the #1 position in 
      the U.S. organic sparkling wine category by dollar share, according to 
      Nielsen, holding more than double the share of its nearest competitor, 
      while beginning a nationwide rollout at Whole Foods Market on June 1, 
      materially expanding the brand's retail footprint. 
 
   -- Announced Planned Acquisition of a Majority Stake in HpO Sparkling 
      Protein Water. The Company announced the planned acquisition of a 
      majority stake in HpO, a zero-sugar sparkling protein water brand, 
      expanding AMASS further into functional hydration at the intersection of 
      two accelerating consumer trends: protein consumption and premium 
      hydration. The transaction would bring the Company's ownership to 
      approximately 50% on a fully diluted basis, with a three-year option to 
      acquire the remaining interest. 
 
   -- Pizzolato Non-Alcoholic Spritz Rolled Out at Eataly Nationwide. Three 
      Pizzolato ready-to-drink non-alcoholic spritz beverages began rolling out 
      across 12 U.S. Eataly locations, with the Pizzolato 0% Hugo featured on 
      the menu at Eataly's flagship restaurant concept, extending the brand 
      into premium retail and hospitality channels as the no-alcohol aperitivo 
      occasion gains momentum. 
 
   -- Completed Nasdaq Direct Listing. On May 20, the Company completed its 
      direct listing, with its common stock beginning to trade on the Nasdaq 
      Global Market under the symbol "AMSS." The direct listing marked the 
      Company's debut as a publicly traded company and a defining milestone in 
      its long-term brand and platform growth strategy. 

Highlights Subsequent to Quarter End

   -- Launched AMASS Electrolyte Powder Mixers. In July, the Company expanded 
      its functional hydration platform with the launch of AMASS Electrolyte 
      Powder Mixers, a single-serve stick-pack format available through the 
      Company's direct-to-consumer channel, extending the AMASS Electrolyte 
      Mixers line into everyday, on-the-go hydration occasions. 
 
   -- Summer Water Rosé Expanded to 37 California Costco Locations. Summer 
      Water Rosé, confirmed by Nielsen as the #1 best-selling domestic 
      rosé in the $15--$20 price tier nationally, expanded distribution 
      into 37 Costco locations across California. In addition, Wine Enthusiast 
      awarded the 2025 vintage 92 points and a Best Buy designation, the 
      brand's sixth consecutive vintage rated 90 points or higher. 

Management Commentary

"The second quarter marked an important milestone for AMASS and the beginning of a new chapter for the business," said Mark Thomas Lynn, Founder and Chief Executive Officer of AMASS. "We completed our Nasdaq listing, strengthened our capital structure and continued transforming AMASS into a more focused portfolio built around the brands and categories where we see the greatest long-term opportunity. Becoming a public company was an important step, but what matters most is building a business that can consistently create value over the long term, and we believe this quarter shows that strategy is beginning to take shape."

"The portfolio is changing exactly as we intended. Our four Core Brands, Summer Water, Pizzolato MUSE, Good Twin and AMASS Electrolytes, grew 12% and now account for 67% of brand-attributed revenue, up from 62% a year ago. At the same time, the brands we have intentionally exited or are winding down declined 27%. That's exactly the transition we set out to create. We aren't trying to operate the largest collection of beverage brands. We're concentrating our resources behind the brands where we see the strongest consumer demand, the greatest long-term potential and the best economics."

"We're also seeing encouraging validation across the portfolio. Pizzolato MUSE expanded nationally at Whole Foods Market and into Eataly, Good Twin continued its strong growth, and AMASS Electrolytes generated its first commercial revenue following its launch earlier this year. We also announced our planned acquisition of HpO, expanding our position in functional hydration. This is the platform working as designed: identifying categories where consumer behavior is changing, building or acquiring brands positioned to lead those categories, and leveraging our existing infrastructure to scale them more efficiently."

"Our consolidated financial results also reflect deliberate decisions we made during the quarter. We accelerated the sale of slower-moving inventory, accepted near-term margin pressure to simplify the portfolio and convert inventory into cash, and continued investing behind the brands driving our future growth. Those actions affected reported profitability in the short term, but we believe they leave the business in a stronger position as our sales mix continues shifting toward our higher-quality Core Brands."

"We still have important work ahead of us. Improving margins, strengthening our balance sheet and securing the capital necessary to execute our long-term plan remain our highest priorities. But as we look at the business today, we believe the underlying direction has never been clearer. We're building a simpler, more focused and more capital-efficient beverage company, and we believe we're still in the early stages of what this platform can become."

Outlook

As AMASS continues its transition to a more focused, growth-oriented beverage platform, the Company is introducing financial guidance for the first time as a public company. Management believes the progress made in simplifying the portfolio, expanding distribution of its Core Brands, and building its Non-Alcoholic and Functional business provides increasing visibility into the business and supports the outlook below.

Based on current trends and management's operating plan, the Company expects a return to year-over-year growth in the second half of fiscal 2026, with second-half net revenues of at least $8.7 million, representing growth of at least approximately 10% over second-half fiscal 2025:

   -- Third quarter fiscal 2026 net revenues of at least $4.4 million, 
      representing growth of at least approximately 10% 
 
   -- Fourth quarter fiscal 2026 net revenues of at least $4.3 million, 
      representing growth of at least approximately 10% 
 
   -- Full year fiscal 2026 net revenues of at least $18.5 million, reflecting 
      first-half net revenues of $9.7 million and the second-half outlook above, 
      and representing growth of at least approximately 4% over fiscal 2025; 
      and 
 
   -- Full year fiscal 2027 net revenue of at least $22.2 million, representing 
      at least approximately 20% over fiscal 2026. 

Mr. Lynn commented, "We're introducing guidance because we believe the business has reached an important turning point. Our portfolio is becoming more focused, our Core Brands are driving a larger share of the business, and we have better visibility into the factors we believe will drive growth over the next several quarters. We've intentionally set our near-term outlook at levels we believe we can achieve while continuing to execute against our long-term strategy. Going forward, our objective is straightforward: build credibility by consistently doing what we say we're going to do."