Mighty Craft (ASX:MCL), a craft beverage accelerator, reported a 24.5% increase in Q3 FY23 revenue, reaching $25.71 million.

Cash receipts grew by 31%, totaling $28 million.

Better Beer sales saw a 78% increase, selling 3.1 million litres.

The company recently completed a $5.2 million capital raise to boost Better Beer sales and invest in brand growth for its spirits portfolio.