Celsius Holdings Inc (CELH)

[Altitrade Partners]

Here is something to ponder:

As of 12/31/2016, the company had just a shade below $12 million in cash on the balance sheet.

https://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11965040

In January of 2017, they do a capital raise of approximately $15 million.

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11814034

As of 3/31/2017, the company shows that cash on the balance sheet amounts to around $21 million

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12059960

Obviously, they wouldn't have done the capital raise if they didn't need the additional cash. Perhaps, the majority of those funds were needed to produce inventory to launch into the Asian markets, but without seeing revenues in Q2 from that expansion, the cash used from operations will likely overwhelm revenues.

We have a feeling that you may be correct in your assessment of "still hemorrhaging cash most likely and nowhere near profitability."

Any thoughts?