Back in their August 31, 2022 news release, they said in part...
"Jef Lewis, CEO, stated, “Our 3rd quarter revenue growth is ridiculous in linear growth of customers and sales. The company spent most of July canning and kegging their Kolsch and IPA for the July-19th release. Since then we have 40+ new customers and are averaging 2 new customers a day, our daily sales have increased to over $500 per day."
If they only meant 20 business days per month, that would be $10,000 per month in revenue.
In their February 27th, 2023 news release, they said in part...
"According to the SRAX report, BRBL is well on its way to capitalizing on these trends, and could become the next big brewery franchise. BrewBilt has done the work of detailing its growth plans, and the revenue projections are solid. At its current rate of growth (2 customers/ day), BrewBilt is increasing monthly sales at a rate of 57%. If this continues, BrewBilt projects profitability by 3rd QTR 2023 while expanding its Albertson/Safeway stores throughout the country."
They still mentioned 2 customers per day and a increasing monthly sales rate of 57%. That would lead to the following revenue estimates.
August 2022 - $10,000
September 2022 - $15,700
October 2022 - $24,469
November 2022 - $38,699
December 2022 - $60,757
January 2023 - $95,388
February 2023 - $149,760
March 2023 - $235,124
Q4 total revenue estimate would be $123,925
Q1 2023 revenue estimate would be $480,272
Given it's an OTC stock, half of that estimate seems more reasonable, but who knows. I'm just going by what the tell us. They could be hyping it, or be sloppy with their math, or, maybe they're crushing it. Mere days to find out some numbers for sure!
Of course, back in August, they said they had added 40 customers. And if I assume $10,000 in revenue back then with their $500 per day figure, and we have 154 customers now, about 4 times as many, then that might only be $40,000 per month in revenue.
Same thing as usual...simply not enough detailed information to make concrete projections. That's why it's a high risk lotto play for me.
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