Fresh vine wine announces fourth quarter and full year 2021 financial results
December 2021 ipo provides capital to accelerate growth strategy 2021 revenues increase 681% while fourth quarter revenues grew 19% sequentially compared to the third quarter, reflecting an acceleration in momentum and an inflection point in the company's growth trajectory – with most growth occurring prior to ipo funding ipo proceeds deployed to grow the brand, increase awareness, and procure inventory to sustain strong sequential momentum in 2022 over 1,000 new points of distribution added in first quarter, more than all of last year celebrities nina dobrev and julianne hough, initial and ongoing investors, continue to enthusiastically endorse fvw celebrating partners and product launches among their more than 30 million social media followers minneapolis , march 31, 2022 /prnewswire/ -- fresh vine wine, inc. (nyse american: vine), the premier producer of premium lower carb, lower sugar, and lower calorie wines in the united states, today reported strong financial results for the three months and fiscal year ended december 31, 2021, including year-over-year annual revenue growth of 681% from $217 thousand in 2020 to $1.700 million in 2021. janelle anderson, ceo of fresh vine wine, inc., said, "i am extremely proud of our team, which grew the business both for the year and sequentially in the fourth quarter by executing on extremely aggressive marketing and go-to-market strategy, while concurrently completing our ipo.
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