Foremost, Craig-Hallum sees WBEV's return to YoY revenue growth in Q4 despite extraordinary COVID-era comparisons as a clear signal that the best for WBEV and its investors is yet to come.
In fact, Q4 revenues surpassed Craig-Hallums' prior forecast, with net sales jumping 10% y/y to
The combination of positive operational performance and substantial progress made to maximize opportunities in its wholesale distribution channel also led the analyst to suggest that the stock represents an attractive risk/reward at current levels. In fact, he noted that at just 0.6x CY22 EV/sales, the market is missing this opportunity and is valuing
Digging deeper, WBEV's five core brands grew 47% y/y in 2021, and cases sold surged by 167,000, up nearly 50% y/y in 2021. The even better news is that its core brands, led by
More good news, despite direct-to-consumer revenue falling by 1% y/y to
According to its report, valuation is compelling at 0.6x CY22 EV/sales. At 0.6x EV/sales, they said the market ignores the early signs that
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