<a href="https://laohu8.com/S/SBEV">Splash Beverage Group Inc.</a> Reports $14.7 Million Revenue Decline in 2024, Driven by 88.5% Drop in Qplash Sales
Splash Beverage Group Inc. has reported its financial results for the fiscal year ending December 31, 2024. The company experienced a significant decline in revenues, totaling $4.2 million, compared to $18.9 million in the previous year. This $14.7 million decrease was primarily attributed to a $1.7 million reduction in beverage sales and an approximately $13 million, or 88.5%, decrease in revenues from its vertically integrated B2B and B2C e-commerce distribution platform, Qplash, due to low inventory levels. The overall decline in sales was largely due to limited liquidity, which hindered the procurement of inventory necessary for driving third-party sales. No specific outlook or guidance for the upcoming fiscal period was provided in the report. The company continues to operate from its principal offices located in Fort Lauderdale, Florida.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Splash Beverage Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001731122-25-000964), on July 11, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.