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Thursday, 05/10/2018 4:47:43 PM

Thursday, May 10, 2018 4:47:43 PM

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Celsius Holdings Delivers Record Quarterly Revenue of $12.1 Million, Up 101% Year-over-Year

2018 First Quarter Highlights:

Revenue of $12.1 million, up 101% compared to $6.0 million in 2017

North American revenue increased 69% to $8.1 million, up from $4.8 million in 2017. Driven by continued strong double-digit growth in all channels of trade

European revenue increased 118% to $2.5 million, up from $1.2 million in 2017

Driven by expansion and launch of a BCAA Recovery Drink line extension

Asian expansion delivers initial revenues totaling $1.4 million

Driven by launch initiatives expanding to over 13,000 locations in China

Gross profit of $4.8 million increased 100% from $2.4 million in Q1 2017

Gross profit margins total 39.5% (48.9% excluding outbound freight)

Net loss to common shareholders of $3.0 million compared to a net loss to common shareholders of $2.0 million in the Q1 2017; mainly as a result of $2.2 million expended in new Asia expansion initiatives

Non-GAAP Adjusted EBITDA* excluding one-time charges totaled a net loss of $2.0 million, inclusive of $2.2 million of net investments related to the Company's product launch in China, compared to a loss of $322,000 in the prior year period. Excluding China investments, Celsius delivered a positive first quarter 2018 adjusted EBITDA of $161,000

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