Summary by Moomoo AI
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