Celsius Holdings Inc (NASDAQ:CELH) is trading lower Wednesday after the company reported its fourth-quarter financial results.
Celsius said quarterly revenue increased 192% year-over-year to $104.3 million, which beat the $92.09 million estimate. Domestic revenue increased 238%, while international revenue increased 15% year-over-year.
Celsius has become the second largest energy drink on the Amazon.com (NASDAQ:AMZN) marketplace with a 20.24% market share, ahead of Red Bull and behind Monster Beverage Corp (NASDAQ:MNST).
Celsius grew by 94% year-over-year on Amazon, outpacing the energy drink category, which grew by 37.31%.
Celsius engages in the development, marketing, sale and distribution of functional calorie-burning beverages.
See Also: Why Paysafe Shares Are Trading Higher
CELH Price Action: Celsius has traded as low as $39.45 and as high as $110.22 over a 52-week period.
The stock was down 5.14% at $59.57 at time of publication.
Photo: courtesy of Celsius.
