SodaStream — the company that makes do-it-yourself seltzer and soda kits — blew away analyst estimates and raised guidance today in its Q1 report.
The company’s shares are up 12% to a brand new high, and have now more than doubled since its IPO last year.
Some highlights from today’s earnings release:
- Revenues up 50% over Q1 2010 ($64 million)
- Revenues in the U.S. boomed, up 153%
- EPS per share of $0.38
- Soda maker unit sales up 99%
- Soda marker sales up 271% in the U.S.
- Market cap is now nearly $1 billion.
But what is this beverage marker sensation?
It’s actually been around for some time, but it’s just starting to boom in the U.S.
Soda-Club, and Israeli company, buys SodaStream in 1998. The deal moves many of SodaStream's production facilities to Israel and others to Germany. It now makes its products in China as well.
SodaStream and Soda Club products can now be purchased in countries throughout Europe, Australia, South Africa, and the U.S.
The company's drinks have been knocked for being inconsistent, because levels of carbonation or syrup vary when making the drink. It has also been cited for its expense, when compared to buying traditional sodas.
Currently, the short-ratio on the company's stock is at 4.8%.
The company has also been criticised for its production facilities in Israeli settlements.
Business Insider Emails & Alerts
Site highlights each day to your inbox.