initial public offerings (IPOs) trading on American exchanges

Thursday, August 11, 2011

Sodastream - best IPO of past 12 months - fizzled today after earnings

The best IPO of the past 12 months, SodaStream International Ltd. (NASDAQ: SODA), dropped 34% today.

The Israel-based manufacturer of home beverage carbonation systems, announced today its results for the three and six month periods ended June 30, 2011.  Highlights of the Q2 results follow the charts.

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Second quarter 2011 highlights (comparisons show second quarter 2011 as compared to second quarter 2010)
  • Revenues increased 38% to Euro 53.3 million
  • Americas revenues increased 136% to Euro 11.3 million
  • Adjusted diluted earnings per share was Euro 0.29 or $0.42*
  • Revenue from soda makers increased 36% to Euro 22.7 million
  • Revenue from consumables increased 54% to a record Euro 29.8 million
  • Flavor units increased 96% to a record 6.1 million
  • CO(2) refill units increased 34% to a record 3.2 million
  • Americas soda maker units increased 224%
  • Americas consumables revenue increased 203%

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