AMASS Brands Inc. — Third Quarter 2026 Earnings Summary

Financial Performance

• Preliminary, unaudited net revenue for the quarter ended September 30, 2026, was approximately $5.3 million, representing a 30% increase from $4.1 million in the prior-year quarter.
• Preliminary net revenue exceeded the company's third-quarter guidance of at least $4.4 million by approximately 20%.
• Core brand net revenue reached approximately $3.8 million, up 67% year-over-year.
• The Wine & Spirits segment generated approximately $4.7 million in net revenue, an 18% increase.
• The Non-Alcoholic and Functional segment net revenue increased approximately 5.1 times compared to the prior-year quarter, rising 53% from the second quarter of 2026 to approximately $0.6 million.
• The company has not yet completed its review of gross profit, operating expenses, Adjusted EBITDA, or other financial measures for the quarter.

Guidance and Future Outlook

• The company expects to report full third quarter 2026 financial results after market close on or before November 16, 2026.
• Management indicated that the strategy focuses on building a portfolio in categories with growing consumer demand where the company can create category leaders.
• The company aims to become a more focused, higher-quality, and increasingly scalable beverage platform.

Business Segments and Product Lines

• Good Twin: Retail dollar sales grew approximately 144% year-over-year in the latest four weeks, outpacing the U.S. non-alcoholic wine category growth rate by approximately 8 times. Sales per point of distribution rose approximately 78%, the largest gain in the top 15 established brands, ranking #3 by sales rate per store. Dollar sales grew 123% over the latest 13 weeks and 109% over the latest 26 weeks.
• Pizzolato: Remained the #1 organic sparkling wine in the U.S. across every measured period with nearly 29% dollar share. Dollar sales grew 33% in the latest four weeks compared to 3.6% for the organic sparkling wine category. The brand's 187mL minis grew between 26% and 39% across every measured period.
• AMASS Electrolytes: Launched in May 2026, this product has secured distribution with leading distributors in six key U.S. markets: Southern Glazer's Wine & Spirits (California), Great Lakes Wine & Spirits (Michigan), Prime (Georgia), Vinejoy and Marketplace (Illinois), Manhattan Distributors (New York), and Empire Distributors (Colorado).
• Summer Water Rosé: Described as the zero-sugar, #1-selling domestic rosé priced between $15 and $20 in the U.S.

Market and Competitive Landscape

• Good Twin is noted as the fastest velocity growth among established brands in the top 15 of the U.S. non-alcoholic wine category.
• Pizzolato holds the #1 position in the U.S. organic sparkling wine category.
• The broader beverage industry backdrop is described as having muted growth, contrasting with the company's performance.
• The company positions itself to benefit structurally from moderation trends rather than reactively.

Risks and Challenges

• Preliminary results are unaudited and subject to completion of quarter-end financial close procedures and independent accounting firm review; final results may differ materially.
• There is substantial doubt regarding the company's ability to continue as a going concern.
• The company faces the need to raise additional capital and uncertainty regarding the terms on which that capital may be available.
• Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations.

Management Commentary and Tone

• Mark Thomas Lynn, Founder and Chief Executive Officer, stated that the results demonstrate the company's potential and that the strategy is working as intended.
• Management highlighted that growth is coming from targeted areas, citing Good Twin's outperformance, Pizzolato's leadership, and the rapid expansion of AMASS Electrolytes.
• The tone is confident, emphasizing the strength of the portfolio and the opportunity ahead despite a muted industry backdrop.

Other Key Points

• The press release contains forward-looking statements regarding the company's strategy, brand portfolio, distribution expansion, expected revenue mix, capital resources, and liquidity.
• The company is a premium, multi-category beverage platform spanning non-alcohol, functional, and alcohol 2.0 products.
• The preliminary results are based on management's initial review and are not final.
• Investor relations contact is KCSA Strategic Communications, Rob Kelly, Vice President.