Revenues Increased 65% to a Record $3.9 Million for the First Quarter
Boca Raton, FL April 24, 2014 – Celsius Holdings, Inc., (Other OTC: CELH) the creator and marketer of Celsius®, the world’s first and only negative calorie drink backed by clinical science, today reported its results of operations for the three months ended March 31, 2014.
First Quarter Highlights – Comparison of Quarters Ended March 31, 2014 and 2013
- Revenue increased 65% to $3.9 million.
- Gross Profit increased 61% to $1.4 million.
- Net Loss increased $298 thousand to $0.7 million; excluding one-time charges net loss decreased $79 thousand.
- Revenue from International sales increased 133% to $2.3 million.
- Revenue from Domestic sales increased 16% to $1.6 million.