Kona Gold Beverage, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 05:31 pm EDT
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Kona Gold Beverage, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 1.17 million compared to USD 0.790809 million a year ago. Net loss was USD 1.39 million compared to USD 0.373214 million a year ago.
For the six months, sales was USD 2.17 million compared to USD 1.25 million a year ago. Net loss was USD 4.95 million compared to USD 2.19 million a year ago.
Kona Gold Beverage, Inc. operates through its four subsidiaries, Kona Gold LLC (Kona), HighDrate LLC (HighDrate), Gold Leaf Distribution LLC (Gold Leaf), and Covert LLC. Kona focuses on the development and marketing of functional and better-for-you beverages: Ooh La Lemin Lemonades that are available in a variety of sparkling and non-sparkling flavors and Kona Gold Energy Drinks that are low-to-zero calorie functional beverages that are high in B vitamins, amino acids, and omegas. HighDrate focuses on the development and marketing of Cannabidiol (CBD)-infused energy waters geared to the fitness and wellness markets. Gold Leaf focuses on the distribution of premium beverages and snacks in key markets. Covert LLC operates in the consumer packaged goods (CPG) market and specializes in high-potency Delta-8, THCa, THC-P, and Kratom products. The Company sells its products through resellers. The Company's other subsidiary, Surge Distribution LLC, which is a premiere distribution company.
KONA GOLD BEVERAGE, INC. 
