Let’s set the record straight using KEGS’s own numbers, not fantasy PR blurbs:
Verified Financial Snapshot (last 12 months):
Revenue: $908,700
Net Loss: $1.3 million (–$0.22 per share)
EBITDA: –$377,063
Book Value: –$12.91 million (–$2.19 per share)
Operating Cash Flow: –$456,962
Free Cash Flow: –$1.07 million
These are the actual reported numbers. Now, let’s break down the “talking points” being pushed:
“Profitable in Q2–Q4 2024”
There are no audited SEC filings to back this up. KEGS hasn’t filed a compliant 10-Q or 10-K in over 15 years. No documents = no credibility = not verifiable.
“Verifiable assets”
Sure — but those assets are buried under $16 million in liabilities, giving KEGS a negative book value of over $2 per share. They owe far more than they own. That’s not strength — that’s insolvency.
“Beer sold in 45 states, liquor licenses, restaurants, awards…”
Cool stories. But all of that still resulted in less than $1 million in revenue and a $1.3 million net loss. If they’re doing all that and still losing money, then it’s not working.
“Noteholders agreed not to convert until $100M market cap”
Not legally binding. No amendment, no SEC disclosure, just more unverifiable claims. Until it’s filed and binding, it’s just talk.
“Insider sold 100M shares for $100K”
Yes — that’s $0.001/share. So while retail bagholders are “averaging down,” insiders are bailing out for fractions of a penny. Think about that.
KEGS isn’t profitable. It’s not transparent. It’s not even compliant. The numbers show a company with negative equity, consistent cash burn, and insider dumping — not a growth story.
“Let’s Go KEGS”?
Sure. Let’s go review the financials — if you can stomach them.