Celsius Holdings, Inc. (CELH) research, news, and more from GeoInvesting

Company description

Thu, 12 Aug 2010 04:00:00 GMT

Celsius Holdings, Inc., through its subsidiaries, engages in the development, marketing, sale, and distribution of functional, calorie-burning, fitness supplements under the Celsius brand name in the United States and internationally. The company’s initial product, Celsius, is the negative calorie supplement drink that is clinically proven to burn calories, provide energy, and reduce body fat and enhance endurance when combined with exercise. Its Celsius ready-to-drink is available in five flavors, including Sparkling Cola, Orange, and Wild Berry; and two non-carbonated green tea flavors, Raspberry Acai and Peach Mango. The company also markets Celsius in Orange On-the-Go powder stick packets and a 30-serving canister. Celsius Holdings, Inc. distributes its products through direct-store delivery distributors and directly to retailers, across all retail channels in the United States, including supermarkets, convenience stores, nutritional stores, mass merchants, health clubs, spas, gyms, military, and e-commerce Web sites. The company was founded in 2004 and is based in Boca Raton, Florida.

Comments & Business Outlook

Mon, 21 Oct 2013 04:00:00 GMT

Third Quarter 2013 Results

Net revenues for the three months ended September 30, 2013 totaled $2.33 million as compared to $1.44 million for the same period in 2012, a 61% increase.
The Company recorded a net loss of $698 thousand for the three months ended September 30, 2013 compared to a net loss of $764 thousand for the same quarter a year ago, or ($0.04) and ($0.04) per share, respectively.

"We are very pleased to report continued strong financial results for the third quarter 2013 as revenues grew 61% from the comparable year-ago quarter and margins improved. The quarter was highlighted by the growth in international sales and continued growth in all Domestic channels of distribution. Our partnership with Latco Beverages will provide Celsius solid footing in the countries of Brazil, Argentina, Paraguay and Uruguay. The timely introduction of our brand with Brazil hosting the World Cup 2014 and the Olympics 2016 provides an exciting opportunity. Our first shipments arrived in China, initiating our brand distribution within this vast opportunity. Celsius Public Relations efforts have generated over 551 million impressions year to date while our digital radio campaign continues to deliver 7.8 million ads each month that are focused in our 'Drill Deep' markets," said Mr. Gerry David, Chief Executive Officer."

Comments & Business Outlook

Mon, 29 Jul 2013 04:00:00 GMT

Second Quarter 2013 Results

Net revenues for the three months ended June 30, 2013 totaled $3.02 million as compared to $1.82 million for the same period in 2012, a 66% increase.
The company reported loss per share of $0.01, compared to a loss of $0.06 for the same qaurter 2012.

Results for the second quarter continue to reflect the efforts of our Turnaround Plan, which was initiated with the change in management in the fourth quarter of 2011. As part of this Plan, the Company introduced new packaging design which featured a focus on "Burn More Calories Plus Lasting Energy", implemented a nationwide single serving strategy and successfully implemented the "Drill Deep" model in five key regions.

"We are very pleased to report strong financial results for the second quarter 2013 as revenues grew 66% from the comparable year-ago quarter and margins improved. The quarter was highlighted by the growth in international sales and continued growth in all Domestic channels of distribution. Celsius brand awareness is being driven by multiple marketing efforts including Pandora radio ads, PR events including radio and television interviews and social digital media," said Mr. Gerry David, Chief Executive Officer.

Comments & Business Outlook

Mon, 13 May 2013 04:00:00 GMT

First Quarter 2013 Results

Net revenues for the three months ended March 31, 2013 totaled $2.34 million as compared to $2.49 million for the same period in 2012, a 6% decrease.
The company reported loss per share of $0.02, compared to a loss of $0.03 for the same quarter 2012.

"We're pleased to see that our turnaround efforts continue to deliver positive results," said Gerry David, CEO of Celsius. "We will continue to focus on the execution of our strategic plan and continue to grow product availability and awareness globally."

Joint Venture

Mon, 19 Nov 2012 05:00:00 GMT

BOCA RATON, Fla., Nov. 19, 2012 (GLOBE NEWSWIRE) -- Celsius Holdings, Inc. (Other OTC:CELH), the creator and marketer of Celsius^®, the world's first calorie burning beverage backed by clinical science, announced today that they are partnering with Shanghai Honglu International Trade Co., Ltd. for the company's first foray into the Chinese market. Shanghai Honglu International will initially focus on distribution in the major cities of Beijing, Shanghai and Guangzhou.

"We are excited to partner with Shanghai Honglu International, whose knowledge and experience within the Chinese marketplace, will provide Celsius a strong foothold in such a vast market," stated Gerry David, President and CEO of Celsius Holdings. "As part of our global expansion initiatives, particularly in the Asian market, we will provide consumers there the opportunity to experience the great benefits of Celsius as consumers do in the U.S."

"Healthy diets and weight loss are categories that have seen tremendous growth in China in recent years," explained David Chang, Managing Director of Shanghai Honglu International Trade Co., Ltd. "Celsius is shown to burn calories, reduce body fat, energize metabolism, and provide lasting energy. We feel that these benefits, backed by Celsius' numerous scientific clinical studies, will represent a new and enticing product category to our consumers and we look forward to being a partner to Celsius."

Celsius' distribution channels within China will include health clubs, grocery, drug, government and direct response.