BRCC - BRCC reports Q2 earnings miss; updates FY22 guidance and raises FY23 outlook

• BRCC press release ( NYSE: BRCC ): Q2 GAAP EPS of -$0.22 misses by $0.18 .
• Revenue of $66.4M (+26.7% Y/Y) misses by $4.54M .
• Adjusted EBITDA was -$10.4M compares to Adjusted EBITDA of -$1.4M in the second quarter of 2021.
• We are updating our Full Year 2022 revenue outlook to $320 million or more vs. consensus of $316.67M.
• "We no longer expect to be Adjusted EBITDA positive in the second half of 2022. While we will formally provide guidance for 2023 with our 2022 full year results, we are increasing our current revenue outlook previously disclosed to at least $500 million for 2023 vs. consensus of $441.23M with low-to-mid single digit EBITDA margins."

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