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Stock impact report

Zevia Announces Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

Zevia PBC Class A (ZVIA) 
Company Research Source: Yahoo! Finance
the "Company") (NYSE: ZVIA), the company bringing great tasting, zero sugar beverages made with simple, plant-based ingredients across all usage occasions to households across income levels, today reported results for the fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023 Highlights Net sales increased 6.9% year over year to $37.8 million, returning to growth Unit volume increased 3.7% year over year to 2.8 million equivalized cases Gross profit margin was 40.7%, down 3.6 percentage points year over year, primarily driven by inventory losses while accelerating our supply chain transition Net loss was $9.2 million, including $1.7 million of non-cash equity-based compensation expense Adjusted EBITDA loss was $6.8 million Loss per share was $0.14 per diluted share to Zevia's Class A Common stockholders Full Year 2023 Highlights Net sales increased 2.0% year over year to $166.4 million, reflecting the impact of short-term supply chain disruptions Show less Read more
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