Flow Water

Flow Beverage Corp. touted 14.3 million Canadian dollars in new investment so far this fiscal year as fuel to spur a return to growth, despite suffering a 17% year-over-year drop in consolidated net revenue.

Flow Beverage Corp.’s co-packing business fueled double-digit growth in Q1, according to the Canadian water company’s latest earnings report this morning, while branded CPG sales remained down.

Inter Miami’s fast-growing family of beverage partners includes Splendor, Flow, Celsius, 100 Coconuts, Ketel One and now Más+ by Messi.

While core brand revenue declined, Flow Beverage Corp. reported consolidated net revenue growth of 5% to CAD$13.8 million in its fiscal year Q3 2024 earnings report today, marking its most profitable quarter since the company went public.

Canadian alkaline water company Flow Beverage Corp. expressed it was “on the road to profitability” due to its recent co-manufacturing gains despite announcing lower margins and decreased revenue in its fourth quarter earnings this week.

As it looks to reduce cash burn and achieve profitability, alkaline water maker Flow Beverage Corp. reported record brand revenue for its flagship water line during its Q3 earnings report this week, growing consolidated net revenue 21% to CAD$10.5 million.

Flow Beverage Corp. CEO Nicholas Reichenbach said this week’s sale of the company’s Verona, Virginia production facility to sports drink maker BioSteel is primed to create a “path to profitability” for the Canadian alkaline water company.

Flow Beverage announced a reversal of fortune in its Q3 2022 earnings reporting a consolidated net revenue of CAN$12.7 million in Q3, a 79% improvement from the Q2 and 36% higher than Q3 2021.

Flow Beverage Corp. announced a 21% decline in consolidated net revenue to approximately $9 million in Q2 FY2022, compared to $11.3 million the previous year.

Reichenbach noted that in his role as executive chairman he was still active in the brand’s daily operations, responsible for running capital markets and shareholder relations. While he worked closely with Patarnello on key decisions, Patarnello was primarily responsible for managing the executive team.

Flow Beverage Corp. head Maurizio Patarnello has stepped down from the CEO role effective immediately, the company announced today, and will be replaced by Flow’s founder and executive chairman – and former chief executive – Nicholas Reichenbach.

Longtime Jones Soda Co. COO Eric Chastain has been promoted to the role of president of the newly formed Jones Soda Beverage Division; Golden Grail Technology Corp. has hired Erin Heit to help develop its growing brand portfolio; Alkaline water company Flow Beverage Corp. announced the exit of president and COO David Mock; Seth Teply has been named president and CEO of Tetra Pak U.S. and Canada.

Last month, still hot on the hype of its highly publicized May IPO, plant-based milk maker Oatly sustained its first major setback as a publicly traded company when Spruce Point Capital Management released a document claiming that the company had misrepresented its success. What can other companies learn from this about going public?

Alkaline spring water company Flow has named former Nestlé Waters head Maurizio Patarnello as CEO to oversee the brand’s global expansion. Patarnello joins Flow after more than 27 years with the Swiss conglomerate, most recently as CEO and chairman of Nestlé Waters where he oversaw brands including Nestlé Pure Life, Perrier, San Pellegrino, Poland Spring and Acqua Panna.