Streetbeat News

LQR

LQR House Inc.

https://www.lqrhouse.com

Industry

Beverages - Wineries & Distilleries

LQR House Inc. provides digital marketing and brand development services for the alcoholic beverage business in the United States. Its primary business includes the development of limited batch spirit brands and marketing internal and external brands through an exclusive agreement with an e-commerce portal. The company serves individual consumers, wholesalers, and third-party alcohol brands. LQR House Inc. was incorporated in 2021 and is based in Miami Beach, Florida.

Open

0.94

Mkt cap

7.2M

Volume

158K

High

1.06

P/E Ratio

-0.30

52-wk high

3.47

Low

0.94

Div yield

N/A

52-wk low

0.40

LQR House reported a significant 540% year-over-year revenue growth in August 2024, increasing from $38.4K to $246K.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:50 pm

LQR House reported a 382% year-over-year revenue increase for July 2024, reaching $224,227. This growth was driven by strategic marketing partnerships and increased traffic to CWSpirits.com.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:57 pm

LQR House shares are trading higher following the announcement of a 260% year-over-year revenue growth in June 2024.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:49 pm

LQR House Inc. (NASDAQ:LQR) reported a 260% year-over-year revenue growth for June 2024, with revenues reaching $236,157.05 compared to $65,575 in June 2023. This significant increase highlights the company's strong performance and growth in the ecommerce and alcohol sectors.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:47 pm

LQR House Inc. (NASDAQ:LQR) has entered into an agreement with Of The Earth Distribution Corp. for up to $6.5 million USD to distribute and market SWOL Tequila in Canada. The deal includes a $2 million purchase of SWOL Tequila and up to $4.5 million in marketing services.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:47 pm

The article highlights the performance of various communication services stocks during Wednesday's after-market session. Notable gainers include Fangdd Network Group (DUO), Leafly Holdings (LFLY), and E W Scripps (SSP). On the losing side, MultiMetaVerse Holdings (MMV) and VS Media Holdings (VSME) saw significant declines.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 8:31 pm

In the last three months, 4 analysts have published ratings on LQR House (NASDAQ:LQR), with all ratings being bullish. The average 12-month price target is $5.5, slightly lower than the previous average of $5.67. LQR House aims to become a full-service digital marketing and brand development company in the alcoholic beverage space, with significant revenue growth but challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 1:00 pm

EF Hutton analyst Jesse Sobelson has reiterated a Buy rating on LQR House (NASDAQ:LQR) and maintained a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:03 am

LQR House Inc. (NASDAQ:LQR) has acquired 1.92 million shares of DRNK Beverage Corp at $2.50 per share, totaling $4.8 million. This strategic investment marks LQR House's entry into the non-alcoholic and ready-to-drink beverage markets.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 12:48 pm

LQR House shares are trading higher after the company reported May revenues of $218,146.34, a significant increase from $40,825 last year.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:48 pm

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