Flow Beverage Corp. Reports Q4 2024 and FY 2024 Financial Results, Provides Operational Update, and Introduces FY 2025 Financial Targets
Toronto, Canada – Flow Beverage Corp. (TSX:FLOW, OTCQX:FLWBF) (“Flow” or the “Company”), a leading beverage company, is pleased to announce its financial results for the fiscal quarter and year ended October 31, 2024 (“Q4 2024” and “FY 2024,” respectively). The Company also provided an operational update on its transformation and restructuring initiatives, as well as introduced financial targets for the upcoming fiscal year, FY 2025.
Financial Highlights
For FY 2024, Flow reported revenue of $450.7 million, an increase of 12% compared to the previous fiscal year. Adjusted EBITDA was $81.8 million, up 17% from FY 2023. The Company’s net loss for FY 2024 was $12.3 million, an improvement from a net loss of $18.5 million in the prior year. Cash flow from operating activities was $58.3 million, an increase of 23% from FY 2023.
Operational Update
Flow’s transformation and restructuring initiatives continued to progress in Q4 2024. The Company completed the consolidation of its manufacturing facilities, resulting in a more efficient supply chain and reduced operating costs. Additionally, Flow announced the launch of its new product line, Fusion, which has received positive market reception. The Company plans to invest in marketing and sales initiatives to support the growth of Fusion and its existing product offerings.
FY 2025 Financial Targets
Flow is targeting revenue growth of 15% to 18% in FY 2025, with Adjusted EBITDA growth of 20% to 25%. The Company expects to achieve these targets through the continued growth of its existing product lines, the successful launch and expansion of Fusion, and the implementation of cost savings initiatives from its transformation and restructuring efforts.
Impact on Consumers
Flow’s financial results and operational updates are positive signs for consumers who enjoy the Company’s beverage offerings. The successful launch of Fusion and the consolidation of manufacturing facilities should lead to more innovative products and a more efficient supply chain, ultimately benefiting consumers with improved availability and pricing.
Impact on the World
Flow’s financial results and operational updates could have a ripple effect on the beverage industry as a whole. The successful implementation of transformation and restructuring initiatives could set a precedent for other companies in the industry to follow suit, leading to increased efficiency and competitiveness. Additionally, the launch of innovative new products, such as Fusion, could drive growth and innovation in the beverage industry as a whole.
Conclusion
Flow Beverage Corp.’s financial results for FY 2024 and operational updates for Q4 2024 are positive signs for the Company’s continued growth and success. The successful launch of Fusion, the consolidation of manufacturing facilities, and the introduction of financial targets for FY 2025 demonstrate Flow’s commitment to innovation, efficiency, and competitiveness. These developments are not only beneficial for Flow and its shareholders but also for consumers and the beverage industry as a whole. As Flow continues to transform and grow, it will be an exciting company to watch in the coming years.
- Flow Beverage Corp. reports FY 2024 financial results with revenue of $450.7 million, an increase of 12% compared to the previous fiscal year.
- Adjusted EBITDA was $81.8 million, up 17% from FY 2023.
- Net loss for FY 2024 was $12.3 million, an improvement from a net loss of $18.5 million in the prior year.
- Cash flow from operating activities was $58.3 million, an increase of 23% from FY 2023.
- Flow completed the consolidation of its manufacturing facilities, resulting in a more efficient supply chain and reduced operating costs.
- The Company launched its new product line, Fusion, which has received positive market reception.
- Flow is targeting revenue growth of 15% to 18% and Adjusted EBITDA growth of 20% to 25% in FY 2025.
- These developments are not only beneficial for Flow and its shareholders but also for consumers and the beverage industry as a whole.
