Beverage company Wildpack has reported a total revenue of $35.4m (C$46.7m) in financial year 2022 (FY22), up from $28.28m in FY21.

During the year ending 31 December 2022, the company’s total production volume was 202.4 million units.

Wildpack’s total costs and expenses exceeded its revenue at $72.01m.

Both its net loss and net loss before income tax for the year stand at $36.64m.

In the fourth quarter (Q4) of FY22, the company’s revenue rose to $9.76m, up 47% compared to $6.64m in the corresponding period a year ago.

Its total costs and expenses over the quarter were $30.57m while net loss was $20.81m in Q4 FY23, compared with $12.26m in Q4 FY21.   

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Wildpack scaled up its production volume to 63.1 million cans in Q4 FY22, increasing 138% from 26.5 million cans in the prior year’s quarter.

During Q4 FY22 quarter, they established strategic partnerships with Woodstream and EHPlabs.

Wildpack Beverage CEO Mitch Barnard said: “We are proud to maintain peak levels of utilisation in the face of events that would have resulted in significant performance declines historically. This stress test provides the confidence our team needs to continue climbing utilisation levels at an accelerated rate in the second half of the year.”

Wildpack Beverage, which provides beverage manufacturing and packaging to the middle market, reported confirmed sales orders amounting to $7.56m and its confirmed sales orders were 312 in June this year.

During that month, the company’s total throughput totalled 37,018,967 cans.

The company decorated 4,941,215 cans and filled 3,428,587 cans. It printed 5,437,226 sleeves and brokered 23,211,939 cans over the course of the month.