In an SEC filing this week, NewAge, Inc. announced that the board of directors and Chief Executive Officer Brent Willis have agreed that Willis will resign as CEO, Director and employee, effective immediately. No successor has been appointed for the position, and the company plans to begin a search for a new CEO “promptly.” In […]
NewAge, Inc. announced its third quarter financial results, including a 59% increase in revenue from the third quarter of 2020, totaling $100 million.
COVID turned the traditional workplace on its head. How are direct selling companies managing the prospect of returning to the office—or will they?
NewAge announced it has entered into an agreement with Kwikclick to develop an affiliate market platform and curated marketplace. Kwikclick e-commerce technology allows influencers the ability to share in the revenues and profits of the brands they market, rather than simply being paid per click or post.
NewAge, Inc. announced its financial results for the second quarter of 2021, reporting a 98% increase in net revenue, totaling $124 million. Gross profit for the quarter reached $84 million, an increase of 120% year-over-year. The company’s EBITDA stands at $1.7 million, with a basic earnings per share of $0.11.
NewAge, Inc. was honored with 12 awards at the Golden Bridge Business and Innovation Awards, winning Most Innovative Company of the Year as well as “Grand Winner,” an honor shared with notable brands like IBM.
NewAge, Inc. is collaborating with HotelPlanner in a service provider partnership that will make HotelPlanner the exclusive hotel reservations provider for NewAge’s more than 400,000 distributors as well as corporate staff.
NewAge, Inc. announced record financial results for the first quarter of 2021, almost doubling its net revenue from the previous year’s quarter, with a 97% increase to $125.5 million, and a gross profit increase of 111% to $87.4 million. The acquisition of ARIIX strongly impacted these numbers. “The first quarter saw accelerated top and bottom-line […]
NewAge, Inc. announced its fourth quarter and full-year financial results. The company reported its first positive adjusted EBITDA quarter in nearly two years, reaching $2.9 million. Fourth quarter results included a net revenue of $90.4 million. “2020 was another transformative year for NewAge, whereby we reached nearly half a billion dollars in pro forma revenue […]
NewAge, Inc. announced it has entered into an agreement to acquire Aliven, Inc., adding the Japan-based direct selling company to its portfolio of e-commerce and direct selling brands. “We see this latest partnership as an opportunity to expand our Japan market at an even faster pace,” said Brent Willis, NewAge Chief Executive Officer. “We will begin […]
NewAge, Inc. announced that its preliminary fourth quarter earnings are expected to be in the $90 million range. Gross margins are expected to be between 64%-68%, with an EBITDA that will be at the breakeven mark. Full-year and fourth quarter final financial results will be announced on March 16, 2021. “We are pleased that our […]
Colorado-based NewAge, Inc. has completed its official acquisition of ARIIX. The merger agreement, which was announced in July of this year, will combine the revenues of these two entities, plus four more e-commerce and direct selling companies: Zennoa, LIMU, MaVie and Shannen. “We are very pleased to be able to fully converge these great companies […]