Bravo! Brands narrows loss in 2006
April 03, 2007
by FoodBusinessNews.net Staff
NORTH PALM BEACH, FLA. — Bravo! Brands Inc. sustained a loss of $36,697,013 in the year ended Dec. 31, 2006, which compared with a loss of $79,528,653 in 2005.
Total revenue was $14,661,852, up 23% from $11,948,921 during the previous year. The company attributed the increase in revenue to a full year of revenue from a contract with Coca-Cola Enterprises. In 2005, the company only had the advantage of two months of the contract.
"2006 was a challenging as well as a rewarding year for us," said Roy Warren, chief executive officer. "We ended the year far stronger and much better positioned to take advantage of the opportunities available to us in the marketplace than when we started 2006. We now have additional production capacity and will focus on aggressively marketing our pipeline of products in 2007."