Aug 17, 2026, 8:44 AM ETConsumer Defensive

AMASS Brands Inc. — Second Quarter 2026 Earnings Summary

AMSSAMASS BRANDS

Financial Performance

Net revenue for Q2 2026 was $5.6 million, representing a 2% increase year-over-year compared to the prior-year quarter.
Non-Alcoholic and Functional segment net revenue reached $0.4 million, a 132% year-over-year increase.
Core brand net revenue grew 12% year-over-year, accounting for 67% of brand-attributed net revenue (up from 62% in the prior-year quarter).
Gross profit was $1.5 million (26.7% of net revenue); adjusted gross profit was $1.6 million (29.3% of net revenue).
Adjusted EBITDA for Q2 2026 was $(1.7) million.
Cash and cash equivalents stood at $1.6 million as of June 30, 2026.
Net loss for Q2 2026 was $7.5 million, compared to a net loss of $1.3 million in Q2 2025.
Net loss per share (basic and diluted) was $(0.69) for Q2 2026, compared to $(0.40) in Q2 2025.
Total current liabilities were $25.4 million as of June 30, 2026, compared to $23.8 million as of December 31, 2025.
Total stockholders' equity was $0.99 million as of June 30, 2026, compared to a deficit of $(0.63) million as of December 31, 2025.

Management introduced initial financial guidance for Q3, Full-Year 2026, and Fiscal 2027.
Full-year fiscal 2026 net revenues are expected to be at least $18.5 million, reflecting growth of at least approximately 4% over fiscal 2025.
Full-year fiscal 2027 net revenue is expected to be at least $22.2 million, representing growth of at least approximately 20% over fiscal 2026.
Second-half fiscal 2026 net revenues are expected to be at least $8.7 million, representing growth of at least approximately 10% over the second half of fiscal 2025.
Q3 fiscal 2026 net revenues are expected to be at least $4.4 million (approx. 10% growth).
Q4 fiscal 2026 net revenues are expected to be at least $4.3 million (approx. 10% growth).
The outlook assumes continued execution of distribution expansion, a stable input-cost and tariff environment, no material changes in distributor relationships, and no unannounced financing events.

Good Twin became the #1 Organic Non-Alcoholic Wine Brand in the U.S. by dollar share, capturing more than one-third of category dollars and growing dollar sales more than 122% year-over-year.
Launched AMASS Electrolyte Mixers, the company's first AMASS-branded functional beverage product, entering the functional wellness category.
Secured Great Lakes Wine & Spirits as the first U.S. distribution partner for AMASS Electrolyte Mixers.
Pizzolato MUSE claimed the #1 position in the U.S. organic sparkling wine category by dollar share and began a nationwide rollout at Whole Foods Market on June 1.
Pizzolato Non-Alcoholic Spritz rolled out at 12 U.S. Eataly locations nationwide.
Announced a planned acquisition of a majority stake in HpO Sparkling Protein Water, with ownership reaching approximately 50% on a fully diluted basis and a three-year option to acquire the remaining interest.
Launched AMASS Electrolyte Powder Mixers in July (subsequent to quarter end) in a single-serve stick-pack format via direct-to-consumer channels.
Summer Water Rosé expanded distribution to 37 California Costco locations; the 2025 vintage received a 92-point rating and Best Buy designation from Wine Enthusiast.
Discontinued brands declined 27% in revenue during the quarter.

AMASS operates in the premium beverage platform spanning non-alcohol, functional, and alcohol 2.0 products.
Good Twin's growth rate was nearly three times the growth rate of the organic non-alcoholic wine category.
Pizzolato MUSE holds more than double the market share of its nearest competitor in the U.S. organic sparkling wine category.
Summer Water Rosé is confirmed by Nielsen as the #1 best-selling domestic rosé in the $15–$20 price tier nationally.
The company is expanding into the multi-billion-dollar functional wellness category and the intersection of protein consumption and premium hydration.

Substantial doubt regarding the Company's ability to continue as a going concern and the effect of failing to obtain additional capital on executing the operating plan.
Risk that assumptions underlying the outlook, including distribution expansion plans and input-cost/tariff environments, prove incorrect.
Need to raise additional capital, with potential dilution associated with the Streeterville facility and conversions at the alternate conversion price following the Series C Trigger Event.
Risk of failing to regain and maintain compliance with Nasdaq continued-listing requirements.
Past-due Mezzanine Secured Notes and the ability to extend, refinance, or repay them.
History of losses and a material weakness in internal control over financial reporting.
Concentration in a limited number of customers and distributors.
Regulatory environment governing alcoholic beverages, supply chain risks, and inventory risk.

CEO Mark Thomas Lynn stated the quarter marked a "new chapter" following the Nasdaq listing and portfolio transformation.
Management emphasized a strategic shift toward a "simpler, more focused and more capital-efficient beverage company" built around Core Brands.
The portfolio transition is proceeding as intended, with Core Brands growing 12% and accounting for 67% of brand-attributed revenue, while exited/winding-down brands declined 27%.
Management noted deliberate decisions to accelerate the sale of slower-moving inventory and accept near-term margin pressure to simplify the portfolio and convert inventory to cash.
Improving margins, strengthening the balance sheet, and securing capital remain the highest priorities.
Management expressed confidence that the business has reached a "turning point" with better visibility into growth drivers.

Completed Nasdaq Direct Listing on May 20, 2026, with common stock trading under the symbol "AMSS."
Outstanding shares as of June 30, 2026: 11,605,081 common stock and 3,856,688 common stock warrants.
Series C Convertible Preferred Stock (mezzanine equity) balance was $1.2 million as of June 30, 2026.
Net cash used in operating activities for H1 2026 was $6.1 million.
Net cash provided by financing activities for H1 2026 was $8.7 million.
Conference call scheduled for August 17, 2026, at 9:00 a.m. ET.