- Starco Brands reported revenue of $7.8 million for the year ended December 31, 2022 – a YoY increase of 1,060%
- Starco Brands had revenues of $11.1 million Q1 of 2023, increasing 1,107% over the prior year period
- Leveraging an aggressive M&A strategy to disrupt the CPG industry, Starco Brands sparks excitement in the everyday
- Starco has completed the acquisition of three vertical-defining brands since Q3 2022, putting it on a run rate of roughly $67M in annual revenue
Starco Brands (OTCQB: STCB) is a modern-day invention factory holding fast to its unwavering mission to invent and acquire consumer products and brands with behavior-changing technologies that spark excitement in the everyday. Since 2022, the company has adopted an aggressive M&A strategy to fuel its expansion and disrupt the CPG industry.
In September 2022, Starco Brands acquired the Art of Sport, a line of premium body and skincare products engineered to power and protect athletes, by acquiring The AOS Group, Inc. as a wholly-owned subsidiary. Co-founded by the late Kobe Bryant, Art of Sport is positioned as the number one body care brand for athletes. For the year ended December 31, 2021, Art of Sport recorded revenue of $10.1 million – up from $9.2 million the year prior. The acquisition has already proven to be a powerful catalyst for Starco Brands’ growth initiative.
For the year ended December 31, 2022, Starco Brands recorded revenues of $7.8 million – an eye-popping year-over-year increase of 1,060%, highlighting the unique ability of Starco Brands’ management team to efficiently and seamlessly integrate vertical-defining brands into the company’s portfolio.
Starco Brands has cranked up momentum with subsequent strategic acquisitions. In December 2022, the company added Skylar, the first and only line of hypoallergenic perfumes, to its portfolio and gained a significant foothold in the $50+ billion global perfume market. In February 2023, Starco Brands expanded its portfolio offerings again by acquiring the renowned brand Soylent, known as the “world’s most perfect food.” Starco Brands is prepped and ready to capitalize on the massive growth projected for the plant-based nutrition space, which was valued at $29+ billion in 2020.
With its rapid portfolio expansion and the introduction of groundbreaking innovations like Whipshots(R) (a first-of-its-kind alcoholic whipped cream in collaboration with celebrity partner Cardi B. that sold more than 2 MILLION cans in just over a year), Starco Brands is ready to hit the gas for even greater growth throughout 2023 and beyond. In a short span, the company has transformed from a few million dollars in revenue to a mind-boggling run rate of approximately $67 million in annual revenue.
Starco Brands offers a unique combination of an aggressive M&A strategy and a commitment to in-house innovation – all guided by a proven leadership team with decades of experience building successful brands. The company is making the moves necessary to put the CPG world (and savvy investors) on notice. With the explosive growth that’s already been posted and more expected, Starco Brands doesn’t look to be slowing down anytime soon. It just might be time to jump on the train for those interested in high-growth opportunities, or, at the very least, keep it on the radar to see what eye-popping numbers Starco Brands posts next.
For more information, visit the company’s website at www.StarcoBrands.com.
NOTE TO INVESTORS: The latest news and updates relating to STCB are available in the company’s newsroom at https://ibn.fm/STCB
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