Celsuis Holdings, Inc. (OTCMKTS:CELH) Gathering Upward Momentum

[[tagnumber 0]][[tagnumber 1]]After a rather stale start of the year for the stock of Celsius Holdings, Inc. (OTCMKTS:CELH) we saw the ticker begin to rise in the end of January and it has been keeping an upward course, with few exceptions, for quite some time now.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company has been constantly issuing optimistic press releases and, by now, [[tagnumber 6]]CELH [[tagnumber 7]]has gained an impressive 410% in price, compared to its standing in January. Meanwhile, we got to see how the company fared in 2014. The annual report was filed back on March 2 and it contained the following numbers of prime interest in its balance sheet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $349 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $4.9 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $1.36 million[[tagnumber 13]] [[tagnumber 12]]annaul revenues: $14.61 million[[tagnumber 13]] [[tagnumber 12]]annual net loss: $2.02 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Although the cash positions of [[tagnumber 6]]CELH [[tagnumber 7]]are rather small, we can‘t say the same for the revenues, which are impressive for an OTC company. And while we see an impressive increase in the annual revenues, compared to 2013, we can‘t say the same for the net loss, which has grown by about 14%. On the good side of things, [[tagnumber 6]]CELH [[tagnumber 7]]managed to finish the last quarter of 2014 with a net income of $160 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Certainly, the company has been doing fairly well and this is evident from its chart pattern. And while [[tagnumber 6]]CELH [[tagnumber 7]]started last week on a bad foot and recorded a few sessions in the red, we finally saw it close with a gain on Friday for no particular reason.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This week started even better. The company came out with a press release announcing a partnership investment of $15.95 million led by Horizons Ventures. [[tagnumber 6]]CELH [[tagnumber 7]]has been closing in the green ever since. After yesterday‘s 21.05% gain the ticker was sitting at $2.30. We saw more than 261 thousand shares change their owners during the session which generated $564 thousand in daily dollar volume, a 52–week high.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today‘s session started even more impressively. [[tagnumber 6]]CELH [[tagnumber 7]]gapped up at $2.835, 23.26% higher from yesterday‘s close. The heavy trading, however, pushed the price down and the company stock is sitting at $2.40 as of the writing of this article.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This just shows that things are starting to become a bit unstable so doing your due diligence and weighing out the risks before putting any money on the line is crucial.[[tagnumber 2]]