Might as well give the entire picture of this disaster called KEGS
Net Loss:–$1.30M
Gross Profit: $557K
Operating Cash Flow: –$457K
Free Cash Flow: –$1.07M
Working Capital: $139,609; Net Cash: ~$147K
Book Value (Equity):–$12.9M (negative)
Long-Term Debt $11.5M
Other Long-Term Liabilities $16.0M
Total Liabilities $16.03M
1812 Brewing Company Inc. (KEGS) is the definition of a penny stock death trap. Tiny market cap? Try ~$65K — barely enough to buy a used food truck. The company operates on razor-thin margins, sporadically profitable only on paper, with no real scale or trajectory.
They’ve had a couple quarters of minor profit, but let’s not kid ourselves — the entire annual revenue is under $2 million, and the net income barely cracked $130K. That’s less than what some brewery managers make. Add in a 12% borrow fee and a ballooning short interest, and you’ve got a strong scent of insiders and shorts taking advantage of low-float sucker rallies.
Their press releases read more like a craft beer blog than a business plan — bragging about canning machines and local restaurant licenses like it's 2010. Meanwhile, there's no growth plan, no real institutional interest, and zero analyst coverage. You won’t find this one on anyone’s serious radar unless they’re trading it for volume scalps.
Let’s talk dilution: this is a share printing press. Reverse splits, share authorizations, insider deals — it's all been on the table. Want a list of red flags? How about:
No meaningful institutional backing
No dividends
Micro-cap liquidity trap
Wild price volatility
Long-term downtrend
OTC status with no uplisting path in sight
If you’re hoping for a squeeze, prepare to be the squeezed. This isn’t a turnaround play — it’s a hobby business masquerading as a public company. There are thousands of real companies with revenue, products, and leadership worth betting on. KEGS just isn’t one of them.
Save your money — or better yet, invest in beer, not a beer stock that’s been flatlining for years.
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