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Thursday, May 19, 2022

Winc, Inc. (WBEV) Stock Plunged 12.15% Pre-Market, Here’s Why     

Winc, Inc. (WBEV) stock plummeted 12.15% in the pre-market trading session at the price of $4.41 despite no fundamental updates. 


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WBEV is a differentiated medium for growing beverages brands. The company incorporates its data-based brand development approach with a multichannel distribution network. The stock is on a mission to evolve into the top brand builder in its alcoholic beverages industry. 

WBEV Q4 2021 Earnings Report 

On 29th March 2022, WBEV stock published its financial results for the fourth quarter and the year ended 31st December 2021. The company has also delivered its business and operational highlights for the full year of 2021. 

Net revenues grew 4.5 percent to US$18.5M in Q4 of 2021 compared to US$17.7M in the same quarter last year. The company calculated a gross profit of US$7.2M for Q4 of 2021, representing a drop of 9.0 percent from Q4 of 2020. The gross profit margin reduced to 38.7 percent for Q4 of 2021. The company calculated a gross profit margin of 44.5 percent in Q4 of 2020. 

For Q4 of 2021, operating costs grew US$3.6M, or 35.6 percent, compared to the same quarter of 2020. WBEV reported a net loss of US$5.6M, or per share of ($0.73), for Q4 of 2021. Net loss was US$1.9M, or per share of ($2.10), for Q4 of the prior year. On 31st December 2021, WBEV had cash of roughly US$4.9M compared to US$7.0M on 31st December 2020. 

WBEV Market Updates 

During Q4 of 2021, WBEV witnessed accelerated growth steered by its wholesale pipeline. The stock keeps experiencing an excellent consumer comeback to its innovative portfolio. Meanwhile, in 2021, the company deepened its partnership with Whole Foods by increasing the number of SKUs in their working zones. The year 2021 was also a successful period for the stock’s organic wine business. 

The stock expanded its portfolio offerings to above 20 percent organic products and extended its distribution network to key national vendors in grocery channels. WBEV believes to be well-positioned to emerge as a leader in the organic pipeline and brand portfolio index. These actions will grow overall revenue and create more value for stakeholders.

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