Mighty Craft (ASX:MCL) says its Q1 FY23 results include cash receipts of $20.7M for the quarter, up 81% on the previous corresponding period.

Its quarterly financial performance also showed its group sales revenue was up 66% on the same time last year.

The craft beverage accelerator with a nationally diversified portfolio of craft beverages listed on the ASX 3 years ago, and currently has a cash outflow of $2.7M.

Shares in Mighty Craft are up 21% in this afternoon?s trading.