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Dec 31, 2021

Celsius Q4 2021 Earnings Report

Celsius reported a significant revenue increase in Q4 2021, driven primarily by domestic growth.

Key Takeaways

Celsius Holdings, Inc. reported preliminary and unaudited financial results for the fourth quarter and full year ended December 31, 2021. Revenue reached $104.3 million, a 192% increase compared to Q4 2020.

Q4 2021 revenue increased by 192% year-over-year, reaching $104.3 million.

Domestic revenue saw a substantial increase of 238%, rising to $95.9 million.

International revenue grew by 15% to $8.3 million.

The company has identified material errors in previous filings and a material weakness in internal controls over financial reporting.

Total Revenue
$104M
Previous year: $35.7M
+192.3%
EPS
$0.05
Previous year: $0.01
+400.0%
Gross Profit
$41.6M
Previous year: $17.4M
+139.0%
Cash and Equivalents
$16.3M
Previous year: $43.2M
-62.4%
Free Cash Flow
-$45.3M
Previous year: -$606K
+7377.6%
Total Assets
$314M
Previous year: $131M
+139.2%

Celsius

Celsius

Celsius Revenue by Geographic Location

Forward Guidance

Preliminary financial information is subject to change and adjustment. The company has encountered staffing limitations, unanticipated delays and identified material errors in previous filings.

Revenue & Expenses

Visualization of income flow from segment revenue to net income