News and Announcements
1Above Investor Update September 2015
- Published September 11, 2015 10:45AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
After 5 months of FY16 trading 1Above is 2% behind their revenue forecast and growing at 70% on last year. FY16 revenue forecast is $4.24m. 1Above is now live in the US and within the next week will be across over 40 US store locations. Early discussions with the worlds biggest travel retailer LS Travel have been positive for further North American expansion. 1Above is now live on Amazon and each month we are doubling our volume through this new channel. The NZ & Australian business are both delivering strong double digit growth from new and current distribution points.
As well as the current focus across US, Aus and NZ 1Above also has live leads for new business through out Western Europe and the UK. 1Above believes that there are a potential of over 5,000 stores available to them globally and based on Australian and New Zealand per store revenue this could see the business grow in excess of $70m in revenue. To achieve this the business will focus on large multi store airport retailers like Lagadere/LS Travel, WH Smith, JR Duty Free, DFS, and Dufry.
ABOUT 1 ABOVE
1Above – The Flight Drink- is a functional beverage that helps address the pain points of air travel: travel fatigue / jet lag, hydration, circulation, and immunity. It does this through its clinically supported ingredients and the product is available in Ready to Drink (RTD), concentrate and effervescent tablet formats.
1Above’s core purpose and brand proposition is to help airline passengers “arrive ready” every time.
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