American Rebel Holdings Financial Results for Q2 2024
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American Rebel Holdings Reports Financial Results for Q2 2024
American Rebel Holdings, Inc. (NASDAQ: AREB) announces its financial results for the second quarter and first half ended June 30, 2024. As a company focused on innovative products in personal security and self-defense, as well as branded beverage offerings, American Rebel has set a strong trajectory for growth.
First Half 2024 Financial Summary
Key Financial Metrics:
Revenue: $7.3 Million
Gross Profit: $0.87 Million
EBITDA (GAAP): $(6.4) Million
Adjusted EBITDA (Non-GAAP): $(3.7) Million
Second Quarter 2024 Financial Summary
Key Financial Metrics:
Revenue: $3.3 Million
Gross Profit: $0.31 Million
EBITDA (GAAP): $(4.2) Million
Adjusted EBITDA (Non-GAAP): $(2.6) Million
The Adjusted EBITDA reflects a non-GAAP measure useful for evaluating operational performance, emphasizing American Rebel’s efforts to streamline operations for better efficiency.
Recent Business Highlights
American Rebel has made significant strides in its product offerings:
- American Rebel Beer will enter full-scale production soon.
- Successful launch at a major country music festival.
- Forged distribution partnerships across multiple states, including locations in Ohio, Tennessee, Kansas, and Connecticut.
- Significant retail presence for American Rebel Light Beer with over 150 retail locations engaged.
- Champion Safe shows improvement in financial performance due to stricter cost control measures.
Leadership Insights
Andy Ross, Chief Executive Officer, stated the commitment to expanding the brand's presence in the beverage sector. He emphasized that the distribution network critical to their strategy will enhance competitiveness within the multi-billion dollar beer market.
He acknowledged seasonal challenges in the outdoor products segment but ensured ongoing operational improvements are planned to enhance profitability in the upcoming years.
About American Rebel Holdings, Inc.
American Rebel Holdings, Inc. (NASDAQ: AREB) designs, manufactures, and markets branded safes, personal security, and self-defense products. Recently branching into the beverage sector, American Rebel Beer represents the company’s innovative approach to diversifying its portfolio.
Company Contact:
Email: info@americanrebel.com
Investor Relations:
Brian Prenoveau
MZ North America
+1 (561) 489-5315
Email: AREB@mzgroup.us
Frequently Asked Questions
What are the key financial highlights for the first half of 2024?
The company reported a revenue of $7.3 million and a gross profit of $0.87 million.
How did American Rebel perform in Q2 2024?
In Q2 2024, American Rebel generated $3.3 million in revenue and reported an EBITDA of $(4.2) million.
What recent business developments has American Rebel achieved?
Key developments include the launch of American Rebel Beer and expanded distribution partnerships.
What is Adjusted EBITDA?
Adjusted EBITDA is a non-GAAP measure that provides insight into a company's operational performance, excluding certain expenses.
How does the company plan to improve profitability?
The company aims to enhance operational efficiencies and reduce costs while expanding its product offerings to drive profitability in the coming years.
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