Celsius Holdings Inc (CELH)

[Altitrade Partners]

Our latest blog on $CELH

Celsius Holdings, Inc. (CELH) Experiences a Breakout Quarter on its Way to a Potential Breakout Year.

A few hours ago, Celsius Holdings, Inc. reported its highest revenue quarter in the history of the company.

Revenues for the second quarter of 2016 came in at $6.2 million, or 33% above the previous high-water revenue mark of $4.66 million achieved in the same period in 2015.

Just eight days ago, we posted a blog which asked the question of whether or not CELH would top the record revenues achieved in Q2 of 2015. We answered that question with a resounding "yes".

Today, we received the much anticipated confirmation of our expectations.

Our initial forecast for the second quarter of 2016 was for revenues to come in somewhere between $6.3 million on the low end and $6.8 million on the high end.

That forecast was based on a somewhat higher level of penetration across the number of 7-Eleven stores located throughout the United States.

Management reported that they had achieved placement in approximately half of the number of 7-Eleven stores that are scheduled to carry Celsius beverages.

We had expected to see somewhere between 65-70% penetration in the convenience store giant.

That's the bad news. The good news is the they still have a large number of 7-Eleven stores to tap into over the coming few quarters.

We will, hopefully, be meeting with CELH management to go through the second quarter results in more detail over the coming weeks, as we our scheduled to be in Florida the week of August 23 through August 30.

For now, suffice to say that we believe that Q3 and Q4 of 2016 will be two more exemplary quarters of revenue growth for Celsius Holdings, Inc.

This could lead to the breakout year that we've been expecting for CELH all along.

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