REED - Celsius Holdings Cools Off After $25 Million Acquisition
Shares of healthy energy drink maker Celsius Holdings (NASDAQ: CELH) have fizzled in recent weeks following the company's takeover of Func Foods. While investors found the move to be less than funky on account of the assumed debt and an associated secondary share offering, Celsius has interesting growth metrics and recent trading developments that suggest the stock may be worth a sip.
Record second-quarter revenue of $16.1 million reported Aug. 8 marked an increase of 73% over the same quarter last year. Gross profit rose 70% thanks to an expansion of the company's distribution channels and solid consumer thirst for Celsius products.
Image Source: Getty Images