Celsius Holdings, a fitness drink company, has reported a challenging fiscal year ending December 31, 2023, amidst a volatile economic landscape. The company highlighted potential risks that could impact its financial results, including changes in accounting standards, taxation, and global economic uncertainties. Celsius Holdings ended the year with $756.0 million in cash and cash equivalents but noted that its investments are subject to market risks that could affect future operations and financial condition. The stock price experienced significant volatility, with a high of $68.42 and a low of $27.21 during the year. The company's partnership with Pepsi, initiated on August 1, 2022, remains a key factor in its distribution strategy, although it also presents a concentration risk. Celsius Holdings does not provide future performance guidance and...Show More

Celsius Holdings, a fitness drink company, has reported a challenging fiscal year ending December 31, 2023, amidst a volatile economic landscape. The company highlighted potential risks that could impact its financial results, including changes in accounting standards, taxation, and global economic uncertainties. Celsius Holdings ended the year with $756.0 million in cash and cash equivalents but noted that its investments are subject to market risks that could affect future operations and financial condition. The stock price experienced significant volatility, with a high of $68.42 and a low of $27.21 during the year. The company's partnership with Pepsi, initiated on August 1, 2022, remains a key factor in its distribution strategy, although it also presents a concentration risk. Celsius Holdings does not provide future performance guidance and has not paid cash dividends on its common stock, with no plans to do so in the foreseeable future. The company's cybersecurity measures have been strengthened to mitigate risks and ensure compliance with reporting obligations. Despite not experiencing any material cybersecurity incidents, Celsius Holdings continues to monitor threats and adapt its risk management strategies. The company leases its principal executive offices in Boca Raton, Florida, and additional office spaces in Europe, with no real property ownership in the U.S. Legal proceedings are considered part of the ordinary course of business, with no significant impact on operations. The company's common stock is listed on the Nasdaq Capital Market under the symbol 'CELH.'