BrewBilt Brewing Co Reports Net Loss of $6.9 Million for the Six Months Ended June 30, 2023

BrewBilt Brewing Co [BRBLD], a leading brewing company, announced its financial results for the six months ended June 30, 2023. The company reported a net loss of $6.9 million for the period, reflecting the challenges faced by the industry during this time. Despite the loss, BrewBilt Brewing Co generated quarterly revenue of $192.3 million, demonstrating its resilience in a highly competitive market. 

Financial Performance 

During the six months ended June 30, 2023, BrewBilt Brewing Co reported a gross profit of -$38.6 million, indicating a decrease compared to the same period last year. The company's operating expenses amounted to $1.6 billion, primarily driven by depreciation and general administrative expenses. As a result, BrewBilt Brewing Co experienced a loss from operations of -$1.6 billion. 

Revenue Growth