Earnings from operations for the fourth quarter were break even compared to a loss of ($1.2) million for the third quarter and ($16.3) million for the first three quarters of the year.Revenue grew steadily throughout the fourth quarter beginning with $1.2 million in October and increasing to $3.7 million in November, followed by revenue of $5.2 million in December.Revenue for the fourth quarter 2020 was $10.1 million compared to $1.7 million for the third quarter and $6.6 million for the first three quarters of the year.December revenues were the highest monthly sales in the Company’s history.“We expect even stronger financial results in 2021 as the Company plans to launch several new products, including a new CBD line, Vodka, and Tequila, and expand into several new markets.” “IGNITE finished 2020, a year defined by adversity, with a strong fourth quarter” said Dan Bilzerian, CEO at IGNITE. The Company’s revenue in the fourth quarter, ended December 31, 2020, was $10.1 million, which exceeded revenue for the previous three quarters combined. (CSE:BILZ, OTCQX: BILZF) (“ IGNITE” or the “ Company”), a global consumer packaged goods brand, today announced its unaudited financial results for its 2020 fourth quarter. 19, 2021 (GLOBE NEWSWIRE) - IGNITE International Brands, Ltd.
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