Reed’s, Inc. Announces First Quarter 2018 Financial Results
Reeds, Inc. (REED)
Last reeds, inc. earnings: 3/12 04:14 pm
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Source: GlobeNewswire
First quarter gross profit doubled as gross margin more than doubled to 27.8% Continued progress on Transformation and Value Creation Plan Launch of Virgil’s Zero Sugar line underway, shipping to distributors and retailers LOS ANGELES, May 14, 2018 (GLOBE NEWSWIRE) -- Reed’s Inc. (NYSE American:REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced financial results for the fiscal first quarter 2018 ended March 31, 2018. Financial Highlights for the First Quarter of 2018 Net Sales were $8.3 million, consistent with prior year period;Gross profit doubled to $2.3 million from $1.1 million in the prior year period and the gross margin more than doubled to 27.8% from 12.7% in the prior year period or 1510 basis points and increased 650 basis points sequentially from the fourth quarter of 2017;Operating loss narrowed to $1.1 million from $1.6 million in the prior year period;Net loss narrowed to $1.6 million or $0.06 per share compared
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REED
News
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reeds (REED) Upgraded to Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reed's Reports Fourth Quarter and Full Year 2023 Results and Issues 2024 Financial Outlook [Yahoo! Finance]Yahoo! Finance
- Reed’s Reports Fourth Quarter and Full Year 2023 Results and Issues 2024 Financial OutlookGlobeNewswire
REED
Earnings
- 11/9/23 - Beat
REED
Sec Filings
- 4/4/24 - Form 4/A
- 4/3/24 - Form 8-K/A
- 4/2/24 - Form 8-K
- REED's page on the SEC website