Reed's Reports Fourth Quarter and Full Year 2023 Results and Issues 2024 Financial Outlook [Yahoo! Finance]
Reeds, Inc. (REED)
Last reeds, inc. earnings: 3/12 04:14 pm
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Source: Yahoo! Finance
NORWALK, Conn., March 28, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX: REED) (“Reed's” or the “Company”), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, is reporting financial results for the three and twelve months ended December 31, 2023. Q4 2023 Financial Highlights (vs. Q4 2022): Net sales were $11.7 million compared to $15.0 million. Gross profit was $0.5 million compared to $3.4 million, with gross margin of 4.0% compared to 22.9%. Adjusted gross profit, which excludes non-cash inventory adjustments and a one-time change to policy for discounts, increased 26% to $4.3 million with gross margin of 34.9%. Delivery and handling costs were reduced by 32% to $2.82 per case. Selling, general and administrative expenses were reduced by 23% to $3.0 million. Operating loss was $5.0 million compared to $3.7 million. Modified EBITDA improved to $43,000 compared to $(2.8) million. FY 2023 Financial Highlights (vs. FY 2022): Net sales w
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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
- 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 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