Bravo Foods Closed 2005 With Record Revenue, Big Losses, Massive Dilution
Bravo Foods announced that their 2005 revenue was $11.9 million, a huge jump over 2004 revenue of $3.3 million. The company reported a net loss of $14.8 million in 2005 versus $4.2 million in 2004.
The company ended the year with much more cash, but with a lot more shares too. Weighted average shares jumped from 40 million in 2004 to 135 million in 2005, a massive dilution of publicly traded shares.
As they head into 2006, Bravo Foods has a lot of potential. 2005 was a big year for them as they sealed their distribution agreement with Coca-Cola Enterprises and boosted production. However, they are also being faced with additional demands on its cash, and a good chunk of it will likely be used to help finance further growth.
