NewAge Inc. (NASDAQ:NBEV) Stock Gains Momentum: How Far Can it Go?
NewAge Inc. (NASDAQ:NBEV) jumped 14% after announcing its Q2 2021 financial results, in which net revenue was $124 million. The company reported adjusted EBITDA of around $1.7 million, net income of $17.4 million, and basic EPS of $0.11. Net revenue increased 98% compared to a year ago. CEO Brent Willis said that Q2 2021 saw an increase in the bottom and topline results. Brent said that during the quarter, the…