Celsius Holdings, Inc. (OTCMKTS:CELH) Files Quarterly Report

[[tagnumber 0]][[tagnumber 1]]After a slow start of the year for the stock of Celsius Holdings, Inc. (OTCMKTS:CELH) we saw the ticker begin to climb in the end of January, when it was priced around 50 cents per share. [[tagnumber 2]]CELH [[tagnumber 3]]quickly gained some altitude and continued its upward run, despite a little hiccup in the beginning of March.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]By the end of last month it was already sitting way above the $2 per share mark and was headed straight up while the volumes increased significantly. After reaching a price of $3.24 per share on April 27, however, [[tagnumber 2]]CELH[[tagnumber 3]] began to hesitate and finished the following 3 sessions in the red. Since then, the ticker has been hesitating, swaying in both directions.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]More recently, however, there have been some good news which might push the company stock even further up the charts. [[tagnumber 2]]CELH [[tagnumber 3]]filed their financial report for Q1 of this year yesterday and it contained the following numbers.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 19]] [[tagnumber 20]]cash: $232 thousand[[tagnumber 21]] [[tagnumber 20]]current assets: $5 million[[tagnumber 21]] [[tagnumber 20]]current liabilities: $1.96 million[[tagnumber 21]] [[tagnumber 20]]total liabilities: $11.81 million[[tagnumber 21]] [[tagnumber 20]]quarterly revenues: $4.64 million[[tagnumber 21]] [[tagnumber 20]]quarterly net income $245 thousand[[tagnumber 21]] [[tagnumber 32]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]While we see that the cash on hand is not that much and the total liabilities are significant we can‘t look past the fact that [[tagnumber 2]]CELH [[tagnumber 3]]is generating impressive revenues compared to other OTC companies. It has also managed to finish the first quarter of the year at a profit, something that is very rare for entities traded at this marketplace.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]After a 20.77% gain in Friday which left [[tagnumber 2]]CELH [[tagnumber 3]]at $3.14, while a total of 282 thousand traded shares generated $860 thousand in daily dollar volume we might see another impressive session today. [[tagnumber 2]]CELH [[tagnumber 3]]is already 4.14% up as of the writing of this article and is sitting at $3.27 while being able to generate a trade value of $714 thousand in just over half an hour of trading.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Surely, the session should be intense which is all the more reason for you to do your due diligence and weigh out the risks before making any moves.[[tagnumber 4]]