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Starco Brands, Inc.

CIK: 15398502 Annual ReportsLatest: 2025-04-18

10-K / April 18, 2025

Revenue:$58,627,302
Income:-$17,650,888

10-K / April 3, 2024

Revenue:$65,211,238
Income:-$46,402,121

10-K / April 18, 2025

Company Overview: Starco Brands, Inc. (STCB)

Business Description

Starco Brands, Inc. specializes in the commercialization of innovative consumer products through strategic partnerships and acquisitions. The company focuses on creating and marketing behavior-changing products across various categories such as food, personal care, home care, and beverages.

Corporate History

  • Incorporation: Founded on January 26, 2010, originally as Insynergy Products, Inc. and later rebranded to Starco Brands, Inc. on September 7, 2017.
  • Licensing Agreement: Entered into a significant licensing agreement with The Starco Group (TSG), which provides exclusive rights to develop a variety of consumer products.

Product Offerings

Starco Brands has a diverse product portfolio, which includes:

  1. Winona®: A butter flavor popcorn spray marketed primarily through retailers like Walmart and H-E-B.
  2. Whipshots®: A vodka-infused whipped cream aerosol launched in December 2021, gaining significant attention and distribution across 47 states and the UK.
  3. Art of Sport® (AOS): Acquired AOS Group in September 2022, provides premium body and skincare products for athletes.
  4. Skylar®: Acquired in December 2022, a brand offering hypoallergenic fragrances.
  5. Soylent®: Acquired in February 2023, specializes in plant-based nutrition products—including shakes, powders, and bars.

Employment and Structure

  • Employees: As of the end of 2024, STCB employed 29 full-time employees.
  • Business Model: In addition to full-time employees, the company utilizes independent contractors and consultants for various roles such as administration and product marketing.

Financial Overview

  • Revenue and Income: Starco Brands has faced financial challenges, reporting:
    • Net Loss:
      • $46,402,121 in the year ended December 31, 2023
      • $17,334,549 in the year ended December 31, 2024
    • Net Income:
      • $977,858 for the year ending December 31, 2022
  • Accumulated Deficit: As of December 31, 2024, STCB reported an accumulated deficit of $81,420,357.

Customers

  • While the report does not specify an exact number of customers, the products are typically sold through major retail chains like Walmart, H-E-B, and online platforms, indicating a broad consumer base.

Future Plans and Growth Strategy

  1. Product Development: The company plans to expand its product lines into various categories, including:
    • Over-the-counter medications
    • Skincare and haircare products
    • Plant-based food options
    • Fragrances and personal care items
  2. Acquisitions: Continued efforts to acquire companies with established products that align with STCB's mission of behavior-changing consumer products.
  3. Capital Raising: Plans to finance growth by selling Class A common stock and exploring compliant offerings to raise additional capital.

Contact Information and Locations

  • Principal Office:
    • 706 N Citrus Avenue, Los Angeles, California, 90038
  • Website: Starco Brands

By focusing on innovative products and leveraging strategic partnerships, Starco Brands aims to maintain growth and enhance brand recognition within the crowded consumer products marketplace.