REED earnings
Reed's Inc. (REED) earnings releases and earnings dates - real-time wire coverage of every quarterly report.
Recent earnings items
- Reed's Reports First Quarter 2026 ResultsNORWALK, Conn., May 12, 2026 (GLOBE NEWSWIRE) -- Reed's, Inc. (NYSE:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, today announced financial results for the three months ended March 31, 2026. Q1 2026 Financial Highlights (vs. Q1 2025): Net sales were $7.1 million compared to $10.0 million.Gross profit was $0.7 million compared to $3.4 million, with gross margin of 10% compared to 34%.Delivery and handling costs were $2.57 per case compared to $3.17 per case.Selling, general and administrative expenses were $5.8 million compared to $3.5 million.Net loss was $6.5 million compared to $2.0 million.EBITDA1 was $(6.2) millio
- Reed's Schedules First Quarter 2026 Conference Call for May 13 at 8:30 a.m. ETNORWALK, Conn., April 29, 2026 (GLOBE NEWSWIRE) -- Reed's, Inc. (NYSE:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Wednesday, May 13, 2026, at 8:30 a.m. Eastern time to discuss its financial results for the three months ended March 31, 2026. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Wednesday, May 13, 2026Time: 8:30 a.m. Eastern timeToll-free dial-in number: (800) 717-1738International dial-in number: (646) 307-1865Conference ID: 88557Webcast: Reed's Q1 202
- Reed's Reports Fourth Quarter and Full Year 2025 Results; Announces Leadership TransitionProfitable Growth Initiatives Lead to Sequential Quarterly Improvement Neal Cohane Appointed Interim Chief Executive Officer NORWALK, Conn., March 24, 2026 (GLOBE NEWSWIRE) -- Reed's, Inc. (NYSE:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, today announced financial results for the three months and 12 months ended December 31, 2025. Additionally, the Company announced that Neal Cohane has been appointed to serve as interim Chief Executive Officer and member of the board of directors, effective today. Former CEO and Board Member Cyril Wallace has stepped down. The board has begun conducting a search for a permanent CE
- Reed's Schedules Fourth Quarter & Full Year 2025 Conference Call for March 25 at 8:30 a.m. ETNORWALK, Conn., March 11, 2026 (GLOBE NEWSWIRE) -- Reed's, Inc. (NYSE:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Wednesday, March 25, 2026, at 8:30 a.m. Eastern time to discuss its financial results for the three and twelve months ended December 31, 2025. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Wednesday, March 25, 2026Time: 8:30 a.m. Eastern timeToll-free dial-in number: (800) 717-1738International dial-in number: (646) 307-1865Conference ID: 59633Webc
- Reed's Reports Third Quarter 2025 ResultsNORWALK, Conn., Nov. 03, 2025 (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 nine months ended September 30, 2025. Q3 2025 Financial Highlights (vs. Q3 2024): Net sales increased 4% to $7.0 million compared to $6.8 million.Gross profit remained flat at $1.2 million, with gross margin of 17% compared to 18%. Excluding inventory write-offs of $0.1 million, gross profit for the third quarter of 2025 was $1.3 million with gross margin of 19%.Delivery and handling costs decreased by 14% to $2.50 per case compared to $2.99 per case.Selli
- Reed's Schedules Third Quarter 2025 Conference Call for November 4 at 8:30 a.m. ETNORWALK, Conn., Oct. 21, 2025 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Tuesday, November 4, 2025, at 8:30 a.m. Eastern time to discuss its financial results for the three and nine months ended September 30, 2025. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Tuesday, November 4, 2025Time: 8:30 a.m. Eastern timeToll-free dial-in number: (800) 717-1738International dial-in number: (646) 307-1865Conference ID: 71678Webca
- Reed's Reports Second Quarter 2025 ResultsNORWALK, Conn., Aug. 12, 2025 (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 six months ended June 30, 2025. Q2 2025 Financial Highlights (vs. Q2 2024): Net sales were $9.5 million compared to $11.9 million.Gross profit was $0.8 million compared to $3.8 million, with gross margin of 8% compared to 32%. Excluding inventory write-offs of $1.6 million, gross profit for the second quarter of 2025 was $2.4 million with gross margin of 25%.Delivery and handling costs were $2.83 per case compared to $2.18 per case.Selling, general and adm
- Reed's Schedules Second Quarter 2025 Conference Call for August 13 at 8:30 a.m. ETNORWALK, Conn., July 30, 2025 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Wednesday, August 13, 2025, at 8:30 a.m. Eastern time to discuss its financial results for the three months ended June 30, 2025. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Wednesday, August 13, 2025Time: 8:30 a.m. Eastern timeToll-free dial-in number: (800) 717-1738International dial-in number: (646) 307-1865Conference ID: 89617Webcast: Reed's Q
- Reed's Reports First Quarter 2025 ResultsNORWALK, Conn., May 13, 2025 (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 months ended March 31, 2025. Q1 2025 Financial Highlights (vs. Q1 2024): Net sales increased 4.5% to $10.0 million.Gross profit remained flat at $3.4 million, with gross margin of 33.9% compared to 35.6%.Delivery and handling costs were $3.13 per case compared to $3.01 per case.Selling, general and administrative expenses were $3.5 million compared to $2.6 million.Operating loss was $1.7 million compared to $0.7 million.Modified EBITDA loss was $1.6 million
- Reed's Schedules First Quarter 2025 Conference Call for May 14 at 8:30 a.m. ETNORWALK, Conn., April 30, 2025 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Wednesday, May 14, 2025, at 8:30 a.m. Eastern time to discuss its financial results for the three months ended March 31, 2025. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Wednesday, May 14, 2025Time: 8:30 a.m. Eastern timeToll-free dial-in number: (800) 717-1738International dial-in number: (646) 307-1865Conference ID: 02852Webcast: Reed's Q1 20
- Reed's Reports Fourth Quarter and Full Year 2024 ResultsNORWALK, Conn., March 25, 2025 (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 months and twelve months ended December 31, 2024. Q4 2024 Financial Highlights (vs. Q4 2023): Net sales were $9.7 million compared to $11.7 million.Gross profit increased more than 5x to $2.9 million compared to $0.5 million, with gross margin of 30.0% compared to 4.0%. This includes one-time charges in the prior-year period related to a non-cash packaging inventory valuation adjustment and a provision for product hold related to the Company's swing-lid progr
- Reed's Schedules Fourth Quarter and Full Year 2024 Conference Call for March 26 at 8:30 a.m. ETNORWALK, Conn., March 12, 2025 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Wednesday, March 26, 2025 at 8:30 a.m. Eastern time to discuss its financial results for the three and twelve months ended December 31, 2024. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Wednesday, March 26, 2025Time: 8:30 a.m. Eastern timeToll-free dial-in number: (800) 717-1738International dial-in number: (646) 307-1865Conference ID: 31278
- Reed's Reports Third Quarter 2024 Results and Provides Business UpdateStrengthened Liquidity Position with New $10 Million Credit Facility and Assumption of Secured Notes by the Company's Majority Stockholder Management to Host Conference Call Today at 8:30 a.m. ET NORWALK, Conn., Nov. 14, 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 months ended September 30, 2024. The Company is also providing an update on recent strategic transactions, including the assumption of outstanding secured notes by the Company's majority stockholder, D&D Source of life Holding LTD ("D&D"). Q3 2024 Financial Highlight
- Reed's Schedules Third Quarter 2024 Conference Call for November 14 at 8:30 a.m. ETNORWALK, Conn., Nov. 11, 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, will host a conference call on Thursday, November 14, 2024 at 8:30 a.m. Eastern time to discuss its financial results for the three months ended September 30, 2024. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Thursday, November 14, 2024Time: 8:30 a.m. Eastern timeToll-free dial-in number: (800) 717-1738International dial-in number: (646) 307-1865Conference ID: 14622Webcast: Re
- Reed's Reports Second Quarter 2024 ResultsDouble-Digit Net Sales Growth and Gross Margin Expansion Drive Lower Operating Loss and Positive Modified EBITDA Reiterates Full Year 2024 Financial Outlook NORWALK, Conn., Aug. 13, 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 months ended June 30, 2024. Q2 2024 Financial Highlights (vs. Q2 2023): Net sales increased 19% to $11.9 million.Gross profit increased 53% to $3.8 million, with gross margin up 720 bps to 32.3%.Delivery and handling costs were reduced by 16% to $2.18 per case.Selling, general and admini
- Reed's Schedules Second Quarter 2024 Conference Call for August 13 at 5:00 p.m. ETNORWALK, Conn., July 30, 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, will host a conference call on Tuesday, August 13, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the three months ended June 30, 2024. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Tuesday, August 13, 2024Time: 5:00 p.m. Eastern timeToll-free dial-in number: (800) 717-1738International dial-in number: (646) 307-1865Conference ID: 78880Webcast: Reed's Q2 202
- Reed's Reports First Quarter 2024 ResultsReiterates Full Year 2024 Financial Outlook Management to Host Conference Call Today at 5:00 p.m. ET NORWALK, Conn., May 14, 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 months ended March 31, 2024. Q1 2024 Financial Highlights (vs. Q1 2023): Net sales were $9.6 million compared to $11.2 million.Gross profit increased 26% to $3.4 million, with gross margin up 1,140 bps to 35.6%.Delivery and handling costs were reduced by 29% to $3.01 per case.Selling, general and administrative expenses were reduced by 19% to $2.6 million.Oper
- Reed's Schedules First Quarter 2024 Conference Call for May 14 at 5:00 p.m. ETNORWALK, Conn., April 30, 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, will host a conference call on Tuesday, May 14, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the three months ended March 31, 2024. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Tuesday, May 14, 2024Time: 5:00 p.m. Eastern timeToll-free dial-in number: (888) 886-7786International dial-in number: (416) 764-8658Conference ID: 71895807Webcast: Reed's Q1 2024
- Reed's Reports Fourth Quarter and Full Year 2023 Results and Issues 2024 Financial OutlookSixth Consecutive Quarter of YoY Operating Expense and Profitability Improvements Execution of Optimization Initiatives Leads to Material Improvement in FY 2023 Operating Loss and Modified EBITDA 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,
- Reed's Schedules Fourth Quarter and Full Year 2023 Conference Call for March 28 at 5:00 p.m. ETNORWALK, Conn., March 19, 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, will host a conference call on Thursday, March 28, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the three and twelve months ended December 31, 2023. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Thursday, March 28, 2024Time: 5:00 p.m. Eastern timeToll-free dial-in number: (844) 850-0544International dial-in number: (412) 542-4115Conference ID: 10187056Web
- Reed's Reports Third Quarter 2023 ResultsNORWALK, Conn., Nov. 09, 2023 (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 months ended September 30, 2023. Q3 2023 Financial Highlights (vs. Q3 2022): Net sales were $11.9 million compared to $12.1 million.Gross profit increased 66% to $4.0 million compared to $2.4 million, with gross margin up 1,390 basis points to 34.0% compared to 20.1%.Delivery and handling costs were reduced by 15% to $2.98 per case.Selling, general and administrative expenses were reduced by 14% to $2.3 million.Operating loss improved to $0.1 million compared
- Reed's Schedules Third Quarter 2023 Conference Call for November 10 at 8:30 a.m. ETNORWALK, Conn., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Friday, November 10, 2023 at 8:30 a.m. Eastern time to discuss its financial results for the three months ended September 30, 2023. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Friday, November 10, 2023Time: 8:30 a.m. Eastern timeToll-free dial-in number: (844) 850-0544International dial-in number: (412) 542-4115Conference ID: 10184105Webc
- Reed's Reports Second Quarter 2023 ResultsFourth Consecutive Quarter of YoY Operating Expense and Profitability Improvements Reiterates Full Year 2023 Margin and Profitability Targets NORWALK, Conn., Aug. 10, 2023 (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 months ended June 30, 2023. Q2 2023 Financial Highlights (vs. Q2 2022): Net sales were $10.0 million compared to $13.7 million.Gross profit was $2.5 million compared to $3.3 million, with gross margin of 25.1% compared to 24.0%.Delivery and handling costs were reduced by 56% to $3.04 per case.Selling, general a
- Reed's Schedules Second Quarter 2023 Conference Call for August 10 at 5:00 p.m. ETNORWALK, Conn., July 27, 2023 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Thursday, August 10, 2023 at 5:00 p.m. Eastern time to discuss its financial results for the three months ended June 30, 2023. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Thursday, August 10, 2023Time: 5:00 p.m. Eastern timeToll-free dial-in number: (888) 886-7786International dial-in number: (416) 764-8658Conference ID: 21271777Webcast: Reed's Q
- Reed's Reports First Quarter 2023 Results- Strengthened Liquidity Position with Recent $5.6 Million Financing Transactions, Including Strategic Investment - - Reiterates Full Year 2023 Margin and Profitability Targets - NORWALK, Conn., June 01, 2023 (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 months ended March 31, 2023. Q1 2023 Financial Highlights (vs. Q1 2022): Net sales were $11.2 million compared to $12.2 million.Gross profit was $2.7 million compared to $2.9 million, with gross margin of 24.2% compared to 24.1%.Delivery and handling costs declined 25% to $3.46 per
- Reed's Schedules First Quarter 2023 Conference Call for June 1 at 8:30 a.m. ETNORWALK, Conn., May 22, 2023 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Thursday, June 1, 2023 at 8:30 a.m. Eastern time to discuss its financial results for the three months ended March 31, 2023. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Thursday, June 1, 2023Time: 8:30 a.m. Eastern timeToll-free dial-in number: (844) 850-0544International dial-in number: (412) 542-4115Conference ID: 10179440Webcast: Reed's Q1 2023
- Reed's Reports Fourth Quarter and Full Year 2022 Results and Reiterates Its 2023 Financial Outlook- Q4 2022 Net Sales Grew 18% to a Record $15.0 million, Gross Margins Expanded +250bps and Operating Expenses Declined 10% - - Continued Double-Digit Net Sales Growth, Gross Margin Expansion and Operating Expense Reductions to Drive Positive Modified EBITDA and Cash Flow from Operations in 2023 - NORWALK, Conn., March 29, 2023 (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, 2022. Q4 2022 Financial Highlights (vs. Q4 2021): Net sales increased 18% to $15.0 million.Gross profit increased 32%
- Reed's Schedules Fourth Quarter and Full Year 2022 Conference Call for March 29 at 5:00 p.m. ETNORWALK, Conn., March 20, 2023 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Wednesday, March 29, 2023 at 5:00 p.m. Eastern time to discuss its financial results for the three and twelve months ended December 31, 2022. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Wednesday, March 29, 2023Time: 5:00 p.m. Eastern timeToll-free dial-in number: (844) 850-0544International dial-in number: (412) 542-4115Conference ID: 10176665W
- Reed's Reports Third Quarter 2022 ResultsNORWALK, Conn., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ: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 months ended September 30, 2022. Q3 2022 Financial Highlights (vs. Q3 2021): Net sales were $12.1 million compared to $13.4 million.Gross profit was $2.4 million compared to $3.9 million, with gross margin of 20.1% compared to 28.9%.Operating expenses were reduced to $4.9 million compared to $7.5 million.Operating loss improved to $2.5 million compared to a loss of $3.7 million.Modified EBITDA loss improved to $2.2 million compared to $3.1 million. Manageme
- Reed's Schedules Third Quarter 2022 Conference Call for November 10 at 5:00 p.m. ETNORWALK, Conn., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Thursday, November 10, 2022 at 5:00 p.m. Eastern time to discuss its financial results for the three months ended September 30, 2022. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Thursday, November 10, 2022Time: 5:00 p.m. Eastern timeToll-free dial-in number: (800) 239-9838International dial-in number: (646) 828-8193Conference ID: 5915539Webcast:
- Reed's Reports Second Quarter 2022 ResultsNORWALK, Conn., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, all-natural ginger beverages, is reporting financial results for the three months ended June 30, 2022. Q2 2022 Financial Highlights (vs. Q2 2021): Net revenue increased 22% to $13.7 million compared to $11.3 million.Gross profit remained flat at $3.3 million, with gross margin of 24.0% compared to 29.0%.Operating expenses were $7.8 million compared to $7.0 million. Net of delivery and handling costs, operating expenses were $4.0 million compared to $4.5 million.Operating loss was $(4.5) million compared to $(3.7) million.Modifi
- Reed's Schedules Second Quarter 2022 Conference Call for August 11 at 5:00 p.m. ETNORWALK, Conn., July 21, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, all-natural ginger beverages, will host a conference call on Thursday, August 11, 2022 at 5:00 p.m. Eastern time to discuss its financial results for the three months ended June 30, 2022. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Thursday, August 11, 2022Time: 5:00 p.m. Eastern timeToll-free dial-in number: (844) 850-0544International dial-in number: (412) 542-4115Conference ID: 10169379Webcast:
- Reed's Reports First Quarter 2022 ResultsNORWALK, Conn., May 16, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, all-natural ginger beverages, is reporting financial results for the three months ended March 31, 2022. Q1 2022 Financial Highlights (vs. Q1 2021): Net revenue increased to $12.2 million compared to $12.1 million.Gross profit was $2.9 million compared to $3.9 million, with gross margin of 24.1% compared to 31.7%.Operating expenses were reduced to $7.1 million compared to $8.1 million.Operating loss was $(4.2) million compared to $(4.3) million.Modified EBITDA was $(3.8) million compared to $(3.4) million. Management Commentary
- Reed's Schedules First Quarter 2022 Conference Call for May 16, 2022 at 5:00 p.m. ETNORWALK, Conn., May 04, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, all-natural ginger beverages, will host a conference call on Monday, May 16, 2022 at 5:00 p.m. Eastern time to discuss its financial results for the three months ended March 31, 2022. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Monday, May 16, 2022Time: 5:00 p.m. Eastern timeToll-free dial-in number: (844) 850-0544International dial-in number: (412) 542-4115Conference ID: 10166575Webcast: Reed's Q1 20
- Reed's Reports Fourth Quarter and Full Year 2021 Results- FY 2021 Net Revenue up 19% to $49.6 Million - - Q4 2021 Net Revenue up 20% to $12.8 Million - - Reed's Reiterates 2022 Net Sales Outlook of $59-$62 Million with 30% Gross Margin - NORWALK, Conn., March 31, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, all-natural ginger beverages, is providing financial results for the three months and full year ended December 31, 2021. FY 2021 Financial Highlights (vs. FY 2020): Net revenue increased 19% to $49.6 million.Gross profit increased 7% to $13.6 million, with gross margin of 27.4% compared to 30.7%.Operating loss was $(15.9) million compared to $(8.
- Reed's Schedules Fourth Quarter and Full Year 2021 Conference Call for March 31, 2022 at 5:00 p.m. ETNORWALK, Conn., March 24, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, all-natural ginger beverages, will host a conference call on Thursday, March 31, 2022 at 5:00 p.m. Eastern time to discuss the financial results for the three months and full year ended December 31, 2021. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Thursday, March 31, 2022Time: 5:00 p.m. Eastern timeToll-free dial-in number: (844) 850-0544International dial-in number: (412) 542-4115Conference
- Reed's, Inc. Announces Third Quarter 2021 Financial ResultsNORWALK, Conn., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Reed's Inc. (NASDAQ:REED), ("Reed's or the "Company") owner of the nation's leading portfolio of handcrafted, all-natural beverages, today announced financial results for the fiscal third quarter ended September 30, 2021. Highlights for the Third Quarter of 2021 Net sales increased 27% to $13.4 million in the third quarter compared to $10.6 million in the prior year. The increase compared to the prior year reflects continued volume growth of both the Reed's® and Virgil's® brands;Core brand gross billings increased 22% versus the prior year period primarily driven by 34% volume growth of the Reed's® brand and 16% growth of the Virgil's® br
- Reed's, Inc. Announces Release Date of Third Quarter 2021 Financial Results and WebcastNORWALK, Conn., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Reed's, Inc. ("Reed's) (NASDAQ:REED), owner of the nation's leading portfolio of handcrafted, all-natural beverages, today announced that it intends to issue its financial results for the third quarter ended September 30, 2021, after the market close on Tuesday, November 9, 2021. Following the release, members of Reed's senior management team will host a conference call with financial analysts and investors at 4:30 p.m. Eastern Time. This conference call can be accessed via a link on Reed's investor website at https://investor.reedsinc.com under the "Events & Presentations" section or directly at https://viavid.webcasts.com/starthere.jsp?e
- Reed's, Inc. Announces Second Quarter 2021 Financial ResultsNORWALK, Conn., Aug. 12, 2021 (GLOBE NEWSWIRE) -- Reed's Inc. (NASDAQ:REED), ("Reed's or the "Company") owner of the nation's leading portfolio of handcrafted, all-natural beverages, today announced financial results for the fiscal second quarter ended June 30, 2021. Highlights for the Second Quarter of 2021 Net sales increased 4% to $11.3 million in the second quarter compared to $10.9 million in the prior year. The increase compared to the prior year reflects continued volume growth of both the Reed's® and Virgil's® brands;Core brand gross sales increased 2% versus prior year period primarily driven by 5% volume growth of the Reed's® brand and 13% growth of the Virgil's® brand;Gross pr
- Reed's Inc. Announces Release Date of Second Quarter 2021 Financial Results and WebcastNORWALK, Conn., July 29, 2021 (GLOBE NEWSWIRE) -- Reed's Inc. (NASDAQ:REED), owner of the nation's leading portfolio of handcrafted, all-natural beverages, today announced that it intends to issue its financial results for the second quarter ended June 30, 2021 after the market close on Thursday, August 12, 2021. Following the release, members of Reed's, Inc. senior management team will host a conference call with financial analysts and investors at 4:30 p.m. Eastern Time. This conference call can be accessed via a link on Reed's investor website at https://investor.reedsinc.com under the "Events & Presentations" section or directly at http://public.viavid.com/index.php?id=145676. To li