NewAge Inc (fka NBEVQ) (NBEVQ)

[treit2002]

My impression was that the CEO was more cautious on the call than he has been in the past, though not to be confused with dropping his promotional nature entirely. I see this as a promising sign.
Confidence is good; coming through is better.

The guidance called for revenue of $60M in Q1, which means an average of $86.67M in each of the next 3 quarters, likely meaning >$100M in Q4.

I don't know about profitability in Q1 which will be reported relatively soon, but I'd at least expect guiding Q2 profitability at that time. If they fall short in Q1., I'd expect a relatively narrow miss.

He mentioned that the core NBEV brands need to scale to $50M to contribute positively to earnings. They are almost surely not going to reach that run rate in Q1. He did also mention an imminent announcement; guessing that may name a tier one national customer, which still likely would not derive new revenue until Q2.