Private company

NewAge, Inc.

American malt beverages company, incorporated in Delaware. Summary from the record

Last updated Oct 19, 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 revenueSelling, general and adminOther costs

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

Kept or used elsewhere

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

Gross profit⁵⁷⁸⁹³$177.5M in 2020+108002% since 2014

Operating income⁵⁷⁸⁹³⁴$34.9M in 2020

Net income¹⁰⁶⁷⁸⁹³-$39.3M in 2020+4314% since 2014

Fiscal year	2014	2015	2016	2017	2018	2019	2020
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

Total assets⁵¹¹⁷⁸⁹³$443.2M in 2020+33859% since 2014

Total liabilities⁵¹¹⁷⁸⁹³$298.9M in 2020+39206% since 2014

Shareholders’ equity¹⁰¹¹⁷⁹³$142.2M in 2020

Cash⁵⁷⁸⁹³$43.7M in 2020+44098% since 2014

Long-term debt⁹³$16.2M in 2020+1121% since 2018

Fiscal year	2014	2015	2016	2017	2018	2019	2020
Cash	$98.9K⁵	$43.9K⁷	$529.0K⁸	$285.0K⁸	$42.5M⁹	$60.8M³	$43.7M³
Current assets	$299.0K⁵	$526.0K¹¹	$10.0M⁷	$16.2M⁸	$96.0M⁹	$113.0M³	$127.1M³
Total assets	$1.3M⁵	$1.2M¹¹	$26.7M⁷	$67.7M⁸	$286.9M⁹	$251.1M³	$443.2M³
Current liabilities	$755.5K⁵	$571.1K¹¹	$11.4M⁷	$10.3M⁸	$55.1M⁹	$79.4M³	$122.5M³
Long-term debt					$1.3M⁹	$12.8M³	$16.2M³
Total liabilities	$760.5K⁵	$673.7K¹¹	$21.8M⁷	$14.9M⁸	$132.4M⁹	$158.9M³	$298.9M³
Shareholders’ equity	-$444.8K¹⁰	$495.1K¹¹	$4.9M⁷	$52.7M⁹	$154.5M³	$92.3M³	$142.2M³
Shares outstanding	12.7M shares⁵	15.4M shares¹¹	21.9M shares⁷	35.2K shares⁸	75.1M shares⁹	81.9K shares³	99.1K shares³

Cash from operations⁵⁷⁸⁹³⁴$34.3M in 2020

Capital spending⁵⁷⁸⁹³$2.5M in 2020+279% since 2014

Free cash flow⁵⁷⁸⁹³⁴$31.8M in 2020

Fiscal year	2014	2016	2017	2018	2019	2020
Cash from operations	-$69.0K⁵	$975.2K⁷	-$8.4M⁸	-$21.8M⁹	-$31.8M³	$34.3M⁴
Capital spending	$651.8K⁵	$47.2K⁷	$563.0K⁸	$744.0K⁹	$5.4M³	$2.5M³
Free cash flow	-$720.9K	$928.0K	-$9.0M	-$22.6M	-$37.2M	$31.8M

Compare NewAge, Inc. with another company

Leadership

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

Chief executive

Brent D. Willis2017–2021

President

Neil Fallon2014

Chief financial officer

Chief operating officer

David Vanderveen2020

201520202025

Chief executive officerBrent D. Willis Feb 15, 2017 to Mar 12, 2021¹²
PresidentNeil Fallon Apr 23, 2014 to Apr 23, 2014¹³
Chief financial officerKevin Manion Jul 21, 2021 to Jul 21, 2021¹⁴
Chief financial officerJohn C. Price Aug 24, 2018 to Aug 24, 2018¹⁵
Chief financial officerGregory A. Gould Oct 17, 2018 to Jul 7, 2021¹⁶
Chief financial officerChuck Ence Feb 14, 2017 to Feb 14, 2017¹⁷
Chief operating officerDavid Vanderveen Jan 23, 2020 to Jan 28, 2020¹⁸

Board members and other officers (13)

OfficerRichard C. Rife Feb 6, 2019 to Feb 6, 2019¹⁹
Chief Marketing OfficerJulie Garlikov Nov 6, 2019 to Dec 12, 2019²⁰
Board memberMichele Crocker Mar 16, 2022 to Mar 16, 2022²¹
Board memberJudith Lynne Hammerschmidt Dec 10, 2021 to Dec 10, 2021²²
Board memberAlicia Syrett Jan 16, 2020 to Feb 1, 2021²³
Board memberFred W. Cooper Dec 2, 2020 to Nov 23, 2021²⁴
Board memberAmy L. Kuzdowicz Mar 5, 2019 to Feb 1, 2021²⁵
Board memberDavid E. Vautrin Feb 14, 2017 to Feb 14, 2017²⁶
Board memberReginald Kapteyn Feb 14, 2017 to Jun 9, 2020²⁷
Board memberBrent D. Willis Feb 15, 2017 to Mar 12, 2021¹²
Board memberGregory Fea Feb 15, 2017 to Feb 1, 2021²⁸
Board memberTimothy J. Haas Feb 16, 2017 to Feb 1, 2021²⁹
Board memberNeil Fallon Apr 23, 2014 to Oct 25, 2018¹³

Former names

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

Timeline

Feb 15, 2017New chief executive Brent D. Willis becomes CEO¹²

Filings

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

Sep 15, 20228-K EDGAR
Sep 2, 20228-K EDGAR
Aug 30, 20228-K EDGAR
Aug 18, 20228-K EDGAR
Aug 12, 20228-K EDGAR
Jul 8, 20228-K EDGAR
Jun 8, 20228-K EDGAR
May 17, 20228-K EDGAR
May 10, 2022NT 10-Q EDGAR
Apr 4, 20228-K EDGAR
Mar 31, 20228-K EDGAR
Mar 18, 20228-K/A EDGAR
Mar 16, 2022NT 10-K EDGAR
Mar 16, 20223 FORM 3 SUBMISSION EDGAR
Mar 15, 20228-K EDGAR
Mar 14, 20228-K EDGAR
Mar 9, 20228-K EDGAR
Mar 3, 20228-K EDGAR
Feb 25, 20228-K EDGAR
Jan 10, 20228-K EDGAR

The 30 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.

Date	Who	Trade	Shares	Price	Value	Filing
Nov 18, 2021	Brennan EdDirector	Buy	500,000	$1.22	$610.0K	Form 4

From Forms 4 filed with the SEC.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARNewAge, Inc. filings on SEC EDGAR
2
SEC EDGARNewAge, Inc. filings on SEC EDGAR
3
SEC EDGARNewAge, Inc. 10-K for fiscal 2020
4
SEC EDGARNewAge, Inc. 10-K for fiscal 2020
5
SEC EDGARNewAge, Inc. 10-K for fiscal 2014
6
SEC EDGARNewAge, Inc. 10-K for fiscal 2015
7
SEC EDGARNewAge, Inc. 10-K for fiscal 2016
8
SEC EDGARNewAge, Inc. 10-K for fiscal 2017
9
SEC EDGARNewAge, Inc. 10-K for fiscal 2018
10
SEC EDGARNewAge, Inc. 10-K for fiscal 2014
11
SEC EDGARNewAge, Inc. 10-K for fiscal 2015
12
SEC EDGARBrent D. Willis, Chief executive officer
13
SEC EDGARNeil Fallon, President
14
SEC EDGARKevin Manion, Chief financial officer
15
SEC EDGARJohn C. Price, Chief financial officer
16
SEC EDGARGregory A. Gould, Chief financial officer
17
SEC EDGARChuck Ence, Chief financial officer
18
SEC EDGARDavid Vanderveen, Chief operating officer
19
SEC EDGARRichard C. Rife, Officer
20
SEC EDGARJulie Garlikov, Chief Marketing Officer
21
SEC EDGARMichele Crocker, Board member
22
SEC EDGARJudith Lynne Hammerschmidt, Board member
23
SEC EDGARAlicia Syrett, Board member
24
SEC EDGARFred W. Cooper, Board member
25
SEC EDGARAmy L. Kuzdowicz, Board member
26
SEC EDGARDavid E. Vautrin, Board member
27
SEC EDGARReginald Kapteyn, Board member
28
SEC EDGARGregory Fea, Board member
29
SEC EDGARTimothy J. Haas, Board member