Celsius Holdings, Inc. (OTCMKTS:CELH) Creeps Closer to Two Dollars

Even though the last press release Celsius Holdings, Inc. (OTCMKTS:CELH) put up was a very positive one, the stock has not been doing too well ever since. The ticker saw a single close in the green since the August 10 PR in question and on that day CELH ended up was a fraction of a percent up. Yesterday the stock dropped 4.8% or 10 cents, to stop at $2.16 per share.

On August 10 Celsius reported a “record second quarter” and put up a financial report to go along with the brief summary of Q2 performance in the press release. Here is a rundown of the numbers CELH reported as of June 30, 2015:

  • $11.6 million in cash and equivalents
  • $1.3 million in current liabilities
  • $4.6 million in Q2 revenues
  • $519 thousand in Q2 net loss

The company highlighted the great 71% growth of Q2 revenue YoY compared to 2014 but revenues were just $6 thousand dollars up and practically flat quarter over quarter, against Q1 of 2015. While revenues went up less than 1% QoQ, operating expenses ballooned 69% and made CELH switch from a profitable first quarter of 2015 to half a million loss in Q2.

Meanwhile, the company’s outstanding shares figure is creeping up. As of March 31, 2015 the company had 20 million outstanding common shares. This number was up nearly 100% by June 30, when CELH reported having 38 million outstanding shares. This was largely due to CELH issuing 12.9 million shares priced at $0.89 back in April.

While CELH has, for the most part, been able to hold its gains after its violent start up the charts in April, the stock is still swinging within a wide bracket and offers opportunities for traders who love a bit of extra risk and would play it both ways.

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