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Private company

NewAge, Inc.

NewAge, Inc. is an American malt beverages company, incorporated in Delaware.1 It is headquartered in Midvale, Utah.1

Last updated Oct 21, 2026.

Overview

  • IndustryMalt Beverages1
  • HeadquartersMidvale, Utah1
  • Incorporated inDE2
  • Business address7158 S. Flsmidth Dr, Suite 250, Midvale, Ut 840472
  • Filer categoryAccelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2020

63.5%Gross margin3
12.5%Operating margin4
-14.1%Net margin3
10.2%Revenue growth, 20203
-27.7%Return on equity3
0.11×Debt to equity3
$31.8MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2020

  • Cost of revenue36¢$102.0M
  • Selling, general and admin41¢$113.2M
  • Other costs21¢$58.3M
  • Interest1¢$4.0M
  • Income tax1¢$1.9M

Out of $279.5M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2020

  • Capital spending7¢$2.5M
  • Kept or used elsewhere93¢$31.8M

Out of $34.3M of cash from operations.43

Financial statements

Revenue567893$279.5M in 2020+26678% since 2014
0$100.0M$200.0M$300.0M2014: $1.0M$1.0M20142015: $52.1M$52.1M2015+4894%2016: $25.3M$25.3M2016−51%2017: $52.2M$52.2M2017+106%2018: $52.2M$52.2M2018−0%2019: $253.7M$253.7M2019+386%2020: $279.5M$279.5M2020+10%
Gross profit57893$177.5M in 2020+108002% since 2014
0$50.0M$100.0M$150.0M$200.0M2014: $164.2K$164.2K20142016: $5.8M$5.8M2016+3430%2017: $12.4M$12.4M2017+114%2018: $9.3M$9.3M2018−25%2019: $152.7M$152.7M2019+1543%2020: $177.5M$177.5M2020+16%
Operating income578934$34.9M in 2020
-$100.0M-$50.0M0$50.0M2014: -$1.3M-$1.3M20142016: -$3.6M-$3.6M2016+184%2017: -$6.3M-$6.3M2017+73%2018: -$19.4M-$19.4M2018+208%2019: -$80.0M-$80.0M2019+313%2020: $34.9M$34.9M2020
Net income1067893-$39.3M in 2020+4314% since 2014
-$100.0M-$75.0M-$50.0M-$25.0M02014: -$891.4K-$891.4K20142015: -$537.8K-$537.8K2015−40%2016: -$3.6M-$3.6M2016+576%2017: -$3.5M-$3.5M2017−3%2018: -$12.1M-$12.1M2018+243%2019: -$89.8M-$89.8M2019+640%2020: -$39.3M-$39.3M2020−56%
Fiscal year2014201520162017201820192020
Revenue$1.0M5$52.1M6$25.3M7$52.2M8$52.2M9$253.7M3$279.5M3
Cost of revenue$879.5K5$19.5M7$39.8M8$42.9M9$101.0M3$102.0M3
Gross profit$164.2K5$5.8M7$12.4M8$9.3M9$152.7M3$177.5M3
Selling, general and admin$156.0K5$15.4M8$20.3M9$115.0M3$113.2M3
Operating income-$1.3M5-$3.6M7-$6.3M8-$19.4M9-$80.0M3$34.9M4
Interest$1.1M9$3.7M3$4.0M3
Income tax$07$08-$8.9M9$12.7M3$1.9M3
Net income-$891.4K10-$537.8K6-$3.6M7-$3.5M8-$12.1M9-$89.8M3-$39.3M3

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Corporate structure

NewAge, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of NewAge, Inc.

  • BlackRock Filed SC 13G on NewAge, Inc., latest Jul 8, 2022 (2 filings since Feb 3, 2022)
  • NewAge, Inc. Midvale, Utah

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What NewAge, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$36.9M3 Dec 31, 2020$32.7M3 Dec 31, 2019+12.7%
Accumulated depreciation$8.8M3 Dec 31, 2020$4.3M3 Dec 31, 2019+105.5%
Property and equipment, net$28.1M3 Dec 31, 2020$28.4M3 Dec 31, 2019−1.3%
Operating-lease assets (leased space)$38.8M3 Dec 31, 2020$38.5M3 Dec 31, 2019+0.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$43.7M3 Dec 31, 2020$60.8M3 Dec 31, 2019−28.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$55.0M3 Dec 31, 2020$10.3M3 Dec 31, 2019+434.7%
Finite-lived intangibles, gross$178.1M3 Dec 31, 2020$47.0M3 Dec 31, 2019+278.7%
Accumulated amortization-$8.5M3 Dec 31, 2020-$3.6M3 Dec 31, 2019−137.3%
Finite-lived intangibles, net$169.6M3 Dec 31, 2020$43.4M3 Dec 31, 2019+290.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$48.1M3 Dec 31, 2020$36.7M3 Dec 31, 2019+30.9%
Raw materials$12.6M3 Dec 31, 2020$12.8M3 Dec 31, 2019−1.7%
Work in process$1.2M3 Dec 31, 2020$872.0K3 Dec 31, 2019+40.5%
Finished goods$34.2M3 Dec 31, 2020$23.0M3 Dec 31, 2019+48.7%

Leadership

Who has led NewAge, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Brent D. Willis2017–2021

President

  1. Neil Fallon2014

Chief financial officer

  1. Chuck Ence2017
  2. John C. Price2018
  3. Gregory A. Gould2018–2021
  4. Kevin Manion2021

Chief operating officer

  1. David Vanderveen2020
201520202025
Board members and other officers (13)

Former names

  • New Age Beverages CorpAug 5, 2016 to Jul 29, 20202
  • American Brewing Company, Inc.Jun 27, 2013 to Jun 30, 20162

Timeline

  1. Sep 15, 20228-K Entered a material agreement; Regulation FD disclosure30
  2. Sep 2, 20228-K Listing notice or transfer31
  3. Aug 30, 20228-K Entered a material agreement; Bankruptcy or receivership; Debt or obligation accelerated32
  4. Aug 18, 20228-K Listing notice or transfer; Regulation FD disclosure33
  5. Aug 12, 20228-K Debt or obligation accelerated34
  6. Jul 8, 20228-K Executive or director change; Regulation FD disclosure35
  7. Jun 8, 20228-K Regulation FD disclosure36
  8. May 17, 20228-K Listing notice or transfer; Regulation FD disclosure37
  9. Apr 4, 20228-K Listing notice or transfer; Regulation FD disclosure38
  10. Mar 31, 20228-K Regulation FD disclosure39
  11. Mar 18, 20228-K Other events40
  12. Mar 15, 20228-K Regulation FD disclosure41
  13. Feb 15, 2017New chief executive Brent D. Willis becomes CEO12

Calendar

When it reported results

  1. Jan 10, 2022Reported quarterly or annual results42
  2. Nov 12, 2021Reported quarterly or annual results43

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

32 filings to the SEC since October 2021: 1 quarterly reports, 23 major events, 4 insider forms, 2 large holders, 2 other. The latest 20:

  1. Sep 15, 20228-K EDGAR
  2. Sep 2, 20228-K EDGAR
  3. Aug 30, 20228-K EDGAR
  4. Aug 18, 20228-K EDGAR
  5. Aug 12, 20228-K EDGAR
  6. Jul 8, 20228-K EDGAR
  7. Jul 8, 2022SC 13G EDGAR
  8. Jun 8, 20228-K EDGAR
  9. May 17, 20228-K EDGAR
  10. May 10, 2022NT 10-Q EDGAR
  11. Apr 4, 20228-K EDGAR
  12. Mar 31, 20228-K EDGAR
  13. Mar 18, 20228-K/A EDGAR
  14. Mar 16, 2022NT 10-K EDGAR
  15. Mar 16, 20223 FORM 3 SUBMISSION EDGAR
  16. Mar 15, 20228-K EDGAR
  17. Mar 14, 20228-K EDGAR
  18. Mar 9, 20228-K EDGAR
  19. Mar 3, 20228-K EDGAR
  20. Feb 25, 20228-K EDGAR

The 32 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 18, 2021Brennan EdDirectorBuy500,000$1.22$610.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • BlackRockSC 13G, 2 filings Feb 3, 2022 to Jul 8, 202244

SEC filer profile

How NewAge, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNewAge, Inc.1
  • CIK0001579823
  • Employer ID (EIN)27-24322631
  • Filer statusAccelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)2082 Malt Beverages1
  • Business address7158 S. Flsmidth Dr, Suite 250, Midvale, UT 840471
  • Phone303-566-30301
  • Shares outstanding146,812,746 as of Nov 5, 20214
  • Public float$145.2M as of Jun 30, 20203
  • On EDGAR sinceJun 27, 20131
  • Filings405 in all: 8-K (122), 4 (65), 10-Q (24), 3 (22), CORRESP (18), UPLOAD (18), 8-K/A (13), 424B5 (12)1
    All 42 form types

    S-1/A (9), SC 13D/A (8), 10-K (7), SC 13G (7), EFFECT (6), SC 13G/A (6), DEF 14A (5), DEFA14A (5), NT 10-K (5), 10-Q/A (4), 424B3 (4), D (4), NT 10-Q (4), PRE 14A (4), S-3 (4), S-1 (3), SC 13D (3), 10-K/A (2), DEF 14C (2), FWP (2), PRE 14C (2), RW (2), S-8 (2), 25-NSE (1), 424B4 (1), 8-A12B (1), 8-A12B/A (1), 8-A12G (1), CERTNAS (1), DRS (1), DRS/A (1), DRSLTR (1), S-1MEF (1), S-3MEF (1)

  • Latest filingsAnnual report (10-K) Mar 18, 2021
    Quarterly report (10-Q) Nov 9, 2021
    Proxy statement (DEF 14A) Mar 25, 2021
    Latest 8-K (8-K) Sep 15, 2022

Sources

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    SEC EDGAROther events
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