Benzinga | Nov 11, 2021 03:15PM EST

Celsius Holdings Q3 Revenue Tops Estimate

* Celsius Holdings Inc (NASDAQ:CELH) reported third-quarter FY21 sales growth of 157.6% year-on-year, to $94.9 million, beating the analyst consensus of $73.62 million.

* Domestic revenue increased 214% Y/Y, and International rose 5%.

* Gross profit of $37.7 million rose 115% Y/Y, with a margin of 39.7%, contracting 790 basis points.

* Operating expenses rose 159.3% Y/Y to $33.8 million.

* Non-GAAP Adjusted EBITDA of $10.1 million increased 51% Y/Y.

* EPS of $0.03 missed the analyst consensus of $0.06.

* The company held $61.4 million in cash and equivalents as of September 30, 2021.

* Price Action: CELH shares are trading higher by 3.07% at $96.77 on the last check Thursday.