Mighty Craft profitable as quarterly revenue nearly doubles

 A listed craft beverage business that owns 10 per cent of in-administration Ballistic Beer Company today told shareholders it has achieved its first ever cash flow-positive quarter as revenue nearly doubled.

Melbourne-based Mighty Craft (ASX: MCL) is now profitable with operating net cash inflows of $1.6 million in the December quarter, while unaudited group revenue rose by 91 per cent year-on-year to $31.2 million, particularly buoyed by strong sales of its Better Beer craft beer brand which launched in October 2021.

Better Beer achieved record sales in the period, with 3.2 million litres sold (a whopping 687 per cent increase on Q2 FY22), meaning the brand has now achieved in excess of $50 million in retail sales value in the last 12 months.

Read More: https://www.businessnewsaustralia.com/articles/craft-beverage-company-mighty-craft-sees-quarterly-revenue-nearly-double.html



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