Splash Beverage Group reports net third quarter sales of $2.8 million, up from $692,974 a year earlier. The company reported a net loss of $12.2 million, dramatically larger than its $2.1 million loss a year earlier. Splash makes and sell both alcohol and non-alcohol beverages.
Splash recently went public through a Special Acquisition Company (SPAC), which essentially is a blind pool of money that looks for a company into which to merge.