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Business Wire
4 days ago
- Business
- Business Wire
Starco Brands Reports Second Quarter 2025 Financial Results
SANTA MONICA, Calif.--(BUSINESS WIRE)--Starco Brands, Inc. (the 'Company' or 'Starco Brands') (OTCQB: STCB), inventor and acquirer of consumer products and brands, today reported financial results for the three- and six-month periods ended June 30, 2025. Management Comments Starco Brands Chairman & CEO Ross Sklar said: 'Our first-half performance demonstrates strong customer demand and our team's proven expertise in driving operational excellence. As a house of brands, Starco Brands continues to enhance efficiency and innovation while improving profitability across our portfolio of companies. We improved first-half Adjusted EBITDA by $1.9 million year-over-year while reducing operating expenses by 32%, excluding non-cash items, through decisive actions including workforce optimization and the strategic exit of unprofitable SKUs and underperforming retail channels. As we enter the high-selling season in the second half of 2025, we are exceptionally well-positioned to capitalize on this momentum and deliver strong results.' Mr. Sklar continued, 'We continue to move towards the transformational merger and integration of The Starco Group by year-end. This strategic combination will realize our long-held vision of creating a fully vertically integrated consumer products manufacturing and branded platform that unlocks synergies and growth opportunities and delivers the scale needed to compete on a global level.' Second Quarter of 2025 Financial Results Reported net revenue for the second quarter of 2025 was $11.0 million, compared to $15.0 million in the second quarter of 2024. Gross profit was $4.4 million for the second quarter of 2025, compared to $5.7 million in the second quarter of 2024. The year-over-year decline was primarily due to intentional portfolio optimization, where the Company strategically exited unprofitable SKUs and specific retail channels. The Company is prioritizing profitability by focusing resources on its higher margin direct-to-consumer and e-commerce channels. Marketing, General and Administrative expenses decreased to $3.2 million, or 29% of reported net revenue in the second of 2025, compared to $4.5 million, or 30% of reported net revenue in the second quarter of 2024. Compensation expense decreased to $1.7 million in the second quarter of 2025, compared to $2.4 million in the second quarter of 2024. Professional fees decreased to $0.9 million in the second quarter of 2025, compared to $1.1 million in the second quarter of 2024. The year-over-year reduction in operating expenses reflects headcount adjustments and operational improvements implemented during the second quarter of 2025. No fair value share adjustment was recorded in the second quarter of 2025, compared to a loss of $8.7 million in the second quarter of 2024. Reported unadjusted net loss for the second quarter of 2025 improved to $1.8 million, compared to a net loss of $11.6 million in the second quarter of 2024. The year-over-year reduction was primarily due to non-recurring period impacts, including a $8.7 million loss from changes in the fair value of stock payable to Soylent stockholders. First Six Months of 2025 Financial Results Reported net revenue for the first six months of 2025 was $21.9 million, compared to $30.2 million for the first six months of 2024. The year-over-year decline was primarily due to intentional portfolio optimization, where the Company strategically exited unprofitable SKUs and specific retail channels to focus resources on the Company's higher margin direct-to-consumer and e-commerce channels. Gross profit was $9.2 million for the first six months of 2025, compared to $12.7 million for the first six months of 2024. Marketing, General and Administrative expenses for the first six months of 2025 decreased to $6.6 million, or 30% of reported net revenue, compared to $9.8 million, or 33% of reported net revenue for the first six months of 2024. Compensation expense was $3.4 million for the first six months of 2025, compared to $5.0 million for the first six months of 2024. Professional fees were $1.7 million for the first six months of 2025, compared to $2.3 million for the first six months of 2024. The decrease in operating expenses reflects headcount adjustments, lower contractor services, lower royalty costs and the elimination of several vendor services. For the first six months of 2025 there was a gain on far value share adjustment of $3.7 million, compared to a loss of $10.6 million for the first six months of 2024. Reported unadjusted net income for the first six months of 2025 improved to $28,839, as compared to net loss of $16.0 million for the first six months of 2024. The year-over-year reduction was primarily driven by a fair value gain of $3.7 million related to share-based adjustments recognized in the first six months of 2025. The prior year period was negatively impacted by a loss of $10.6 million associated with changes in the fair value of stock payable to Soylent stockholders. Non-GAAP Adjusted EBITDA Adjusted EBITDA, which is net loss adjusted for stock-based compensation, gain on disposal of property and equipment, one-time expenses that the Company reasonable believes will not gain on settlements, interest and other expense, net, depreciation of property and equipment, amortization of intangible assets, (recovery) provision for doubtful accounts, and provision for income taxes and certain other items that impact the periods presented. Adjusted EBITDA is provided so that investors have the same financial data that management uses to assess the Company's operating results with the belief that it will assist the investment community in properly assessing the ongoing performance of the Company for the periods being reported and future periods. The presentation of this additional information is not meant to be considered a substitute for measures prepared in accordance with U.S. GAAP. Because Adjusted EBITDA excludes some, but not all, items that affect net income (loss) and is defined differently by different companies, our definition of Adjusted EBITDA may not be comparable to similarly titled measures of other companies. For reconciliation of GAAP Net Income (loss) to Adjusted EBITDA, see our reports we file from time-to-time with the SEC, which are available to read at Adjusted EBITDA was a loss of approximately $221,000 for the second quarter of 2025, compared to a loss of $1.3 million for the second quarter of 2024. Adjusted EBITDA for the first six months of 2025 was a loss of approximately $188,000, compared to a loss of $2.1 million for the first six months of 2024. Adjusted EBITDA is a non-GAAP financial measure. See the supplementary schedules in this press release for a reconciliation thereof to the most directly comparable GAAP measure. Balance Sheet As of June 30, 2025, the Company had approximately $0.9 million in cash, and approximately $8.4 million in inventory on its balance sheet compared to $1.2 million in cash, and approximately $8.2 million in inventory on its balance sheet as of December 31, 2024. Second Quarter of 2025 Segment Review Starco Brands: Starco Brands' segment includes AOS, Whipshots and Winona Popcorn Spray. Segment gross revenues of $1.8 million for the second quarter of 2025, compared to $2.1 million for the second quarter of 2024. Segment gross profit of $0.9 million for the second quarter of 2025, compared to $1.1 million for the second quarter of 2024. Skylar: Segment gross revenues of $2.4 million for the second quarter of 2025, compared to $1.9 million for the second quarter of 2024. Segment gross profit of $1.1 million for the second quarter of 2025, compared to $1.3 million for the second quarter of 2024. Soylent: Segment gross revenues of $6.8 million for the second quarter of 2025, compared to $11.0 million for the second quarter of 2024. Segment gross profit of $2.4 million for the second quarter of 2025, compared to $3.3 million for the second quarter of 2024. Forward-Looking Statements Any statements in this press release about the STCB's future expectations, plans and prospects, including statements about our proposed transaction, future operations, future financial position and results, market growth, new product launches and product growth, total revenue, as well as other statements containing the words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'might,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' or 'would' and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. The transaction may not actually close and STCB may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements, and you should not place undue reliance on the such forward-looking statements. All forward-looking statements are subject to assumptions, risks and uncertainties that may change at any time, and readers are therefore cautioned that actual results could differ materially from those expressed in any forward-looking statements. STCB undertakes no obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as expressly required by law. All forward-looking statements in this document are qualified in their entirety by this cautionary statement. The forward-looking statements included in this press release represent STCB's views as of the date hereof. STCB anticipates that subsequent events and developments may cause STCB's views to change. About Starco Brands Starco Brands (OTCQB: STCB) invents and acquires consumer products and brands with behavior-changing technologies that spark excitement in the everyday. Today, its portfolio companies include Whipshots, an alcohol whipped cream brand in partnership with Cardi B; Art of Sport, a premium body care and nutrition brand cofounded by Kobe Bryant; Winona Pure a line of Popcorn Seasoning and Cooking Sauce Sprays; Soylent Nutrition a dairy free meal replacement, protein and nutrition brand, and Skylar Beauty, a clean prestige fragrance and personal care brand partnered with Leah Kateb. A modern-day public holding company and invention factory to its core. Starco Brands publicly trades on the OTC stock exchange. Visit for more information.
Time Business News
08-06-2025
- Health
- Time Business News
From Compassion to Action: The Inspiring Journey of Andi Sklar
In a world saturated with talk and short on follow-through, there are few individuals who truly embody the transition from compassion to meaningful action. Andi Sklar is one of those rare people. She doesn't just feel deeply—she acts decisively, making a real difference in people's lives every single day. From comforting grieving families to advocating for medical research and equity in education, Sklar's journey is not just inspiring—it's a blueprint for how one person can create lasting change. Andi Sklar's philanthropic journey didn't start with a million-dollar check or a grand fundraising gala. It began with a story—a child lost to a preventable heart condition called Long QT Syndrome (LQTS). The tragedy shook her to the core and lit a fire in her heart. Rather than simply mourning from a distance, she took action. She began funding awareness efforts, supporting genetic testing programs, and helping other families navigate the trauma of sudden cardiac conditions. From that moment on, compassion became her compass, and action became her mission. While many philanthropists give in broad strokes, Andi Sklar's approach is personal, immediate, and intentional. She: Listens directly to those in need Identifies overlooked or urgent situations Responds with empathy and speed Follows through with continued support This isn't performative charity. This is people-first giving. Whether helping a single mom pay rent or ensuring a child receives life-saving care, Sklar shows up—fully and consistently. One of Sklar's most impactful efforts has been her tireless work to raise awareness about Long QT Syndrome, a rare but deadly heart rhythm disorder. Her contributions include: Funding research and early screening programs Helping families afford critical medical testing Organizing educational outreach campaigns Speaking out about the human cost of medical blind spots Because of her action, many families have received timely diagnoses, and lives have been saved. Her story-driven advocacy has put a human face on a condition that's too often misunderstood or ignored. Sklar's vision goes far beyond short-term relief. She believes in empowerment—helping individuals and families move from crisis to confidence. Her work includes: Funding scholarships and school supplies for underserved students Supporting job training and mentorship programs Investing in inclusive education initiatives for children with special needs Offering financial support without stigma, red tape, or delay This level of personal investment allows families not only to survive hardship—but to build better futures. Perhaps one of the most poignant aspects of Sklar's philanthropy is her presence during grief and loss. She has quietly funded funeral expenses, offered emotional support to grieving parents, and honored the memories of lost loved ones through action and remembrance. Her work has helped ease the burden for those suffering unimaginable loss—ensuring that no one has to walk that dark path alone. Andi Sklar's story reminds us that true philanthropy doesn't need a spotlight. In fact, she often prefers to work behind the scenes, without recognition or fanfare. Her motivation? Love. Justice. Humanity. She's not building a brand—she's building a legacy of compassion. And that authenticity resonates deeply with those around her. Others are inspired to give, to volunteer, to get involved—because her story makes kindness contagious. Andi Sklar doesn't view giving as a one-time act. For her, it's a daily practice. Whether responding to a GoFundMe for a sick child or mentoring a struggling teen, she wakes up each day asking, 'How can I help someone today?' This mindset shift—from passive sympathy to daily action—is something anyone can adopt. It's not about having endless resources—it's about showing up with whatever you can offer: your time, your voice, your compassion. Andi Sklar's journey from compassion to action shows us that anyone—yes, anyone—can make a difference. You don't need to be a billionaire or start a foundation. You just need to care. And then… do something about it. So the next time you hear about someone in need, don't just feel bad—be moved to act. Donate. Volunteer. Advocate. Comfort. Show up. Because that's what Andi Sklar does. And in doing so, she reminds us that the smallest act of kindness can start a ripple of hope that transforms lives. TIME BUSINESS NEWS
Time Business News
01-06-2025
- Entertainment
- Time Business News
Andi Sklar: The Visionary at the Intersection of Art, Identity, and Experience
In a world increasingly divided between digital immediacy and physical disconnection, few creators manage to connect emotion, place, and memory as powerfully as Andi Sklar. A multidisciplinary artist, designer, and cultural storyteller, Sklar is recognized for crafting immersive environments and intimate fine artworks that capture more than just aesthetics — they capture a feeling. From contributing to global theme park experiences to creating tender watercolors that celebrate queer life, Sklar's career defies traditional boundaries. He is not merely a painter, or a designer, or a creative director. He is all of these things — and, more importantly, a visionary who bridges commercial design with personal truth. Born in Highland Park, Illinois, Sklar grew up in a midwestern town known for its tree-lined streets and proximity Andi Sklar to Chicago's vibrant cultural scene. He was a reserved but observant child, drawn more to museum halls and sketchbooks than to soccer fields. Family trips often revolved around cultural landmarks — the Field Museum, the Art Institute of Chicago, and the Milwaukee Public Museum. But one trip changed everything: a visit to Walt Disney World shortly after its opening. Sklar was mesmerized not by the rides, but by how everything — from the pavement to the lampposts — told a story. That realization planted a lifelong obsession: how to build a world that makes people feel something real. Following high school, Sklar enrolled in the Rhode Island School of Design (RISD). There, he explored everything from architectural rendering to theatrical lighting design. What made him stand out wasn't just his technical skill — it was his deep emotional awareness. His portfolio, even then, contained spaces that invited people to feel joy, memory, or introspection. During his time at RISD, Sklar began exploring themes of identity more openly, particularly his experience as a gay man. For his senior thesis, he created a conceptual exhibit titled Invisible Rooms , which combined architecture, lighting, and narrative to explore hidden queer histories. After graduation, Sklar joined Walt Disney Imagineering, entering the dream factory of themed entertainment. At Disney, he contributed to a variety of global projects, most notably Hong Kong Disneyland, where he worked as an Area Art Director. In this role, he didn't just design facades — he crafted emotional architecture. Everything from the curvature of pathways to the color of rooftops was carefully planned to evoke story. His work on Fantasyland was particularly noted for balancing classic Disney themes with Asian aesthetics, a subtle but powerful act of cultural adaptation. Sklar became known for his attention to detail and his ability to lead multidisciplinary teams with empathy and vision. While many would consider a career at Disney the pinnacle of success, Sklar saw it as a stepping stone. His passion for storytelling through space led him to projects with Universal Studios, DreamWorks, Nickelodeon, Warner Bros., and Sanrio. His work at Bollywood Parks Dubai was a standout. There, he helped develop attractions based on Indian cinema, such as Sholay: The Hunt for Bandits . Unlike other designers unfamiliar with the cultural source material, Sklar dove deep into Bollywood history and aesthetics to ensure authenticity. This commitment to research and representation set him apart. To Sklar, design is not just visual — it's anthropological. Despite success in commercial design, Sklar began to feel a pull toward more personal work. Themed entertainment was collaborative and large-scale — but it didn't always allow for introspection or vulnerability. He returned to painting, a medium he had loved since childhood. In 2018, he debuted a series titled 'Desert Trails', showcasing life in Southern California and the American Southwest through a queer lens. The watercolors were quiet but emotionally potent: a man lounging by a motel pool, two friends walking under desert stars, a couple having breakfast in a sunlit diner. These weren't grand statements — they were human moments made sacred through attention and care. Unlike much queer art, which leans into either political activism or flamboyant aestheticism, Sklar's work sits in a middle ground. His subjects are ordinary people in extraordinary lighting. His colors evoke 1970s postcards: teal blues, dusty pinks, and pale oranges. Sklar's art creates a queer nostalgia — not just longing for the past, but longing for the spaces where queer people have always existed quietly and beautifully. His piece The Sandpiper Inn features a retro beach motel, its sign glowing against a dusky sky. No people are present, but their existence is felt — towels hanging over railings, a drink left on a table. This subtlety is Sklar's signature. Throughout his career, Sklar has been an advocate for inclusivity in design teams. He emphasizes hiring creatives from diverse backgrounds and ensuring that narrative decisions in entertainment design include input from those represented. He believes that empathy is a design skill — one as important as drafting or rendering. Whether mentoring junior designers or consulting on DEI-focused design initiatives, Sklar uses his platform to make sure future creatives feel empowered, not excluded. As he once put it: 'It's not enough to build a world — you have to ask who gets to live in it.' Sklar's technical skills are vast. In themed design, he works with 3D software, architectural drafting tools, and digital painting. But in his fine art, he returns to traditional media — watercolors, pencils, ink washes. His watercolor process is loose and layered. He starts with a light pencil sketch, blocks in colors with translucent washes, and finishes with sharp details like signage, reflections, and textures. The final work often looks sun-bleached, as if it's been living in memory for years. He embraces imperfection, stating that 'a brushstroke out of place can tell the truth better than one that's perfect.' Though Sklar avoids the spotlight, his work has earned him growing recognition. His paintings have been featured in LGBTQ+ art festivals across California and the Southwest. Collectors often cite the emotional familiarity in his scenes, even if they've never been to the exact places he paints. He's also been highlighted in design circles for his contributions to themed entertainment, including guest lectures at design schools and panels on queer visibility in architecture and public art. Still, Sklar remains grounded. He maintains an online archive of his work not to promote himself, but to make his art more accessible to those who connect with it. Today, Sklar splits his time between consulting for design firms and working in his home studio. He lives in Palm Springs, surrounded by the landscapes that so often appear in his art. In the mornings, he paints. In the afternoons, he might review attraction blueprints or host virtual design critiques with students. On weekends, he visits vintage roadside motels and old diners, snapping photos for future inspiration. His life is balanced, intentional, and infused with the same thoughtful narrative that defines his work. Andi Sklar may not dominate headlines or flood social media with self-promotion, but his impact is profound. He has built worlds we've walked through, seen stories we've felt without words, and captured lives that rarely get portrayed with such dignity. His legacy is one of care, craft, and cultural empathy — values often missing in both commercial design and fine art. In an age of noise, Sklar's work is a whisper — but one that lingers, resonates, and redefines what it means to be both seen and felt. TIME BUSINESS NEWS
Yahoo
18-04-2025
- Business
- Yahoo
Starco Brands Announces Fourth Quarter and Full Year 2024 Results and Business Update
Fiscal Year 2024 Gross Revenue of Approximately $73.0 Million and Net Revenue of $58.7 Million Company Reached Profitability Threshold on an Adjusted EBITDA Basis Reduced Fourth Quarter 2024 Operating Expenses by 61% and Annual Operating Expenses by 25%, Excluding Non-Cash Expenses Distribution Growth and New Roll Outs Pave the Way for Expansion and EBITDA Growth in Fiscal Year 2025 SANTA MONICA, Calif., April 18, 2025--(BUSINESS WIRE)--Starco Brands, Inc. (the "Company" or "Starco Brands") (OTCQB: STCB), developer and acquirer of behavior-changing technologies and brands that spark excitement in the everyday, is providing a business update in conjunction with the filing of its form 10-K for the full year ended December 31, 2024. Management Comments Starco Brands Chairman & CEO Ross Sklar said: "Our fourth quarter capped off a transformative year as we deepened our acquisitions integrations and streamlined headcount, logistics and marketing costs, positioning ourselves for profit and further scale. What began as a vision for a unified operational platform has materialized into tangible results and a streamlined machine. With this optimization, the Company expanded retail distribution channels, launched new products, and implemented a financial plan that allows us to turn our inventory with better predictability and quicker. The groundwork we've methodically laid out over this past year has established a robust foundation that drastically lowered our fixed costs that is already creating liquidity and is now driving our next phase of growth." Mr. Sklar continued, "We are strongly positioned in 2025 and for 2026 to capitalize on these accomplishments through our robust new product pipeline and targeted distribution expansion. Along with our US based manufacturing partners and with the operational integration work behind us, we've established the infrastructure necessary to support topline growth that delivers improved margins and free cash." Fourth Quarter of 2024 Financial Results Reported net revenue for the fourth quarter of 2024 was $12.1 million, compared to $18.5 million in the fourth quarter of 2023. A large portion of this year-over-year decline was due to year-end one-time reconciliations of balance sheet accounts. While demand remained, the additional decrease in reported net revenue was driven by supply chain pressure and out of stocks predominantly impacting e-commerce sales. Furthermore, we experienced lower retail volumes due to a large retailer merging an entire set in ready-to-drink meal replacement category at a key retailer. Lower Whipshots sales also contributed to the year-over-year decline due to higher inventory stocking orders in the prior year period combined with lower alcohol sales nationally causing distributors to reduce their 2025 inventory plans. These decreases were partially offset by continued growth for the Winona Popcorn Spray line and Art of Sport, our men's personal care and nutraceutical line. Gross profit was $1.8 million for the fourth quarter of 2024, compared to $5.7 million in the fourth quarter of 2023. A portion of the decline was also the result of one-time balance sheet reconciliations, as well as slightly lower revenue, but more attributable to an unfavorable product mix weighted toward lower-margin products. Marketing, General and Administrative expenses were $4.8 million, or 40% of reported net revenue in the fourth of 2024, compared to $6.9 million, or 37% of reported net revenue in the fourth quarter of 2023. Compensation expense was $1.8 million in the fourth quarter of 2024, compared to $10.6 million in the fourth quarter of 2023. Professional fees were $0.8 million in the fourth quarter of 2024, compared to $1.7 million in the fourth quarter of 2023. The decrease in operating expenses reflects successful integrations, benefits from our shared services platform and operational efficiency initiatives, which have enabled us to identify and remove approximately $3.0 million in cost optimization opportunities across the organization allowing free cash generation. Reported unadjusted net profit for the fourth quarter of 2024 was $4.8 million, compared to a net loss of $41.1 million in the fourth quarter of 2023. Contributing to this net gain were non-cash items such as a $26.2 million gain for fair value share adjustment and a $14.3 million expense for goodwill impairment. Fiscal Year 2024 Financial Results Reported net revenue for the full year of 2024 was $58.7 million, compared to $63.6 million for the full year of 2023, primarily due to unavoidable periods of out of stocks on key items that has been rectified. Gross profit was $20.9 million for the full year of 2024, compared to $26.0 million for the full year of 2023. Marketing, General and Administrative expenses for the full year of 2024 decreased to $18.9 million, or 32% of reported net revenue, compared to $19.8 million, or 31% of reported net revenue for the full year of 2023. Compensation expense was $9.0 million for the full year of 2024, compared to $15.9 million for the full year of 2023. Professional fees were $3.5 million for the full year of 2024, compared to $5.9 million for the full year of 2023. Reported unadjusted net loss for the full year of 2024 was $17.3 million, as compared to net loss of $46.4 million for the full year of 2023. Non-GAAP Adjusted EBITDA Adjusted EBITDA, which is net loss adjusted for stock-based compensation, gain on disposal of property and equipment, one-time expenses that the Company reasonable believes will not gain on settlements, interest and other expense, net, depreciation of property and equipment, amortization of intangible assets, (recovery) provision for doubtful accounts, and provision for income taxes and certain other items that impact the periods presented. Adjusted EBITDA is provided so that investors have the same financial data that management uses to assess the Company's operating results with the belief that it will assist the investment community in properly assessing the ongoing performance of the Company for the periods being reported and future periods. The presentation of this additional information is not meant to be considered a substitute for measures prepared in accordance with U.S. GAAP. Because Adjusted EBITDA excludes some, but not all, items that affect net income (loss) and is defined differently by different companies, our definition of Adjusted EBITDA may not be comparable to similarly titled measures of other companies. For reconciliation of GAAP Net Income (loss) to Adjusted EBITDA, see our reports we file from time-to-time with the SEC, which are available to read at Adjusted EBITDA was approximately $1.3 million for the full year of 2024, compared to approximately $6.2 million for the full year of 2023. Adjusted EBITDA is a non-GAAP financial measure. See the supplementary schedules in this press release for a reconciliation thereof to the most directly comparable GAAP measure. Net Income (17,334,549.00 ) Interest expense 961,588.00 Other expense (income) 1,966,320.84 Depreciation & Amortization 2,847,001.12 Fair value share adjustment loss (gain) (10,544,263.00 ) Goodwill Impairment 14,327,871.00 Stock Compensation 1,733,167.76 Non-Recurring Expenses 4,823,474.17 One-Time Integration Expenses 2,555,094.45 Adjusted EBITDA 1,335,705.34 Balance Sheet As of December 31, 2024, the Company had approximately $1.2 million of cash, and approximately $8.2 million of inventory on its balance sheet compared to $1.8 million of cash, and approximately $10.7 million of inventory on its balance sheet as of December 31, 2023. Full Year 2024 Segment Review Starco Brands: Starco Brands' segment includes AOS, Whipshots and Winona Popcorn Spray. Segment gross revenues of $12.1 million for the full year of 2024, compared to $16.3 million for the full year of 2023. Segment gross profit of $6.8 million for the full year of 2024, compared to $12.4 million for the full year of 2023. The decline in gross profit dollars and percent in this segment was driven by the mix impact of lower revenue from higher margin Whipshots offset by the increase in revenue from Winona. Whipshots revenue declined as a result of inventory stocking orders in the prior year period. Winona revenue increased due to distribution adds at Walmart and other retailers and increased velocity on shelf. Skylar: Segment gross revenues of $10.5 million for the full year of 2024, compared to $10.7 million for the full year of 2023. Segment gross profit of $6.2 million for the full year of 2024, compared to $6.1 million for the full year of 2023. Soylent: Segment gross revenues of $36.1 million for the full year of 2024, compared to $36.7 million for the full year of 2023. Segment gross profit of $7.8 million for 2024, compared to $7.4 million for the full year of 2023. The Company does not report results for Soylent for the full year of 2023 as Soylent was not a subsidiary of the Company until the acquisition of Soylent on February 15, 2023. Forward-Looking Statements Any statements in this press release about the Company's future expectations, plans and prospects, including statements about our financing strategy, future operations, future financial position and results, market growth, new product launches and product growth, total revenue, as well as other statements containing the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "project," "should," "target," "will," or "would" and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. The Company may not achieve the plans, intentions or expectations disclosed in the Company's forward-looking statements, and you should not place undue reliance on the Company's forward-looking statements. All forward-looking statements are subject to assumptions, risks and uncertainties that may change at any time. Therefore, readers are cautioned that actual results could differ materially from those expressed in forward-looking statements. The Company undertakes no obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as expressly required by law. This cautionary statement entirely qualifies all forward-looking statements in this document. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward- looking statements the Company make as a result of a variety of risks and uncertainties, including risks related to the Company's estimates regarding the potential market opportunity for the Company's current and future products and services, the impact of the COVID-19 pandemic, the competitive nature of the industries in which we conduct our business, general business and economic conditions, our ability to acquire suitable businesses, our ability to successfully launch new products and seize market share, the Company's expectations regarding the Company's sales, expenses, gross margins and other results of operations, and the other risks and uncertainties described in the "Risk Factors" sections of the Company's public filings with the Securities and Exchange Commission on Form 10-K for the year ended December 31, 2023. Copies of our SEC filings are available on our website at In addition, the forward-looking statements included in this press release represent the Company's views as of the date hereof. The Company anticipates that subsequent events and developments may cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date after the date hereof. About Starco Brands Starco Brands (OTCQB: STCB) invents consumer products with behavior-changing technologies that spark excitement in the everyday. Today, its disruptive brands include Whipshots®, the world's only vodka-infused whipped cream; Art of Sport, the body care brand designed for athletes and co-founded by Kobe Bryant; Winona® Pure, the first indulgent theater-popcorn spray powered by air; Skylar, the only fragrance that is both hypoallergenic and safe for sensitive skin; and Soylent, the complete non-dairy nutrition brand. A modern-day invention factory to its core, Starco Brands identifies whitespaces across consumer product categories. Starco Brands publicly trades on the OTCQB stock exchange so that retail investors can invest in STCB alongside accredited individuals and institutions. Visit for more information. View source version on Contacts Investor Relations John Deirdre Sign in to access your portfolio
Yahoo
14-04-2025
- Health
- Yahoo
Forget the gym — you just need 5 moves to build lower body strength and boost your metabolism
When you buy through links on our articles, Future and its syndication partners may earn a commission. If your legs are craving a workout but your motivation to leave the house is not showing up, this one's for you. Trainer Sandy Sklar has cooked up a spicy five-move bodyweight burner to target your legs and give your metabolism a friendly boost. 'This sequence is SO GOOD!' says Sklar. 'It will have your heart pumping and your legs, glutes, and calves on FIRE!' Translation: you'll be sweaty, slightly out of breath, but feeling real good after it's done. You'll perform each move for 30 to 40 seconds, keep rest between exercises to a minimum, then take a 60-second breather before jumping back in. Aim for three to five rounds depending on how brave you're feeling today. Be sure to roll out one of the best yoga mats underneath you for some extra padding between you and the ground. So if you're ready to sculpt leaner legs and possibly waddle a little tomorrow, here's everything you need to crush this quick but brutal lower-body circuit. Yes, you definitely can. Bodyweight workouts like this one might look simple on paper, but your own body can be a powerful resistance tool. Moves like squat jumps, split squats, and calf hops challenge your muscles in multiple ways. You're not just building strength in your legs and glutes. You're also improving your coordination, balance, and stamina. Using powerful, high-impact movements, this workout from trainer Sklar is designed to work several lower-body muscles at once. Your muscles have to work harder to push off the ground and control the landing, which helps develop both strength and stability. These types of movements also get your heart pumping, which supports cardiovascular health and gives your metabolism a nice kick in the pants by encouraging your body to keep working even after you've made it to the end of the workout. Of course, lifting weights is a proven way to build muscle, but it's not the only option. Bodyweight training lets you zero in on good form, build real-world strength, and train in a way that's a bit friendlier on your joints. You can slow things down to really feel the burn or pick up the pace if you're feeling bold (or just trying to get it over with). It's also wildly convenient. You can do this in your living room, backyard, or hotel room floor. And when this starts to feel like a breeze, you can level up by adding more rounds, cutting down rest time, or throwing in a pair of light weights. Forget the gym — boost your metabolism and build full-body strength with this 7-move kettlebell workout I ditched sit-ups for this 4-move dumbbell workout — here's what happened to my core No gym, no problem — this 35-minute Pilates workout builds full-body strength and tones your core
