Shares of fitness-focused energy-drink company Celsius Holdings(NASDAQ:CELH) were getting hammered on Thursday morning after the company announced final financial results for full-year 2020. Revenue in the fourth quarter fell from third-quarter revenue, likely stoking fears of slowing growth from investors. As of 11 a.m. EST, Celsius Holdings stock was down a whopping 29% and is now down almost 40% from highs reached earlier this year.

In Q4, Celsius Holdings generated revenue of about $35.7 million, resulting in full-year revenue of almost $131 million. This was good for 74% year-over-year revenue growth, which would typically result in resounding applause from Wall Street. However, Q4 growth slowed significantly, and even declined from Q3's $36.8 million.

Contributing to investors' fears today is the fact that Celsius Holdings' full-year profit fell from 2019. In 2019, the company reported net income of almost $10 million. For 2020, it had net income of just $8.5 million. And since the total share count has gone up over this time, earnings per share took a steeper hit. None of this is what investors were looking for from this hot growth stock.

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