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REEDS INC - REED STOCK NEWS

Welcome to our dedicated page for REEDS news (Ticker: REED), a resource for investors and traders seeking the latest updates and insights on REEDS stock.

Reed's Inc. (NASDAQ: REED) is a prominent maker of natural, artisanal beverages, primarily known for its iconic ginger brews. Founded in 1989, the company has established a strong market presence, offering a range of refreshing drinks that cater to health-conscious consumers. Reed's products are crafted using premium, all-natural ingredients, and are free from artificial preservatives, flavors, and gluten.

Reed's commitment to quality and innovation is evident through its continuous development of new product lines. Recent achievements include the introduction of zero-sugar options and expanding their beverage portfolio with unique flavors to meet evolving consumer demands. The company also prides itself on sustainable practices, ensuring its manufacturing processes are environmentally friendly.

Financially, Reed's has shown resilience and adaptability. Despite challenges, the company achieved its first quarter of Modified EBITDA profitability since 2016. Key financial highlights for Q2 2023 compared to Q2 2022 include an improvement in gross margins and reductions in operating expenses, leading to a notable decrease in operating loss to $0.1 million.

Reed's has fostered strategic partnerships, enhancing its distribution network and increasing market penetration. The company’s products are now available across various retail channels, including major supermarket chains, specialty stores, and online platforms.

The company's forward-looking statements reflect an optimistic outlook, with plans to further refine its product offerings and expand its market share. Investors keen on Reed's performance can stay informed through regular updates and detailed financial reports provided by the company.

News

Reed’s Schedules Fourth Quarter and Full Year 2023 Conference Call for March 28 at 5:00 p.m. ET

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Reed's, Inc. will host a conference call to discuss its financial results for the three and twelve months ended December 31, 2023. The call will take place on March 28, 2024, at 5:00 p.m. Eastern time, with a question-and-answer period. Investors can dial in or join via webcast.
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Reed’s Announces Limited Waiver and Amendment with its Secured Note Holder, Closing of a $3.8 Million SAFE and Planned Rights Offering to Stockholders

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Reed's, Inc. strengthens its capital structure and balance sheet by securing up to $6 million of new equity capital through a Limited Waiver, Deferral, and Amendment agreement with its senior secured convertible note holders. The company closed on a $3.8 million SAFE with certain stockholders and affiliates, intending to use the proceeds as a backstop to a planned public offering. Reed's CEO, Norman E. Snyder, highlights the company's strong finish in 2023, despite non-cash inventory write-downs, and anticipates reporting a second consecutive quarter of modified EBITDA profitability for Q4. The capital infusion will support Reed's growth and profitability objectives in 2024.
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Federman & Sherwood Announces Investigation Into Reeds, Inc.

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Federman & Sherwood Investigates Reeds, Inc. (Ticker: REED) for Stock Trading and Public Disclosures
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Reed’s Reports Third Quarter 2023 Results

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Reed's, Inc. (OTCQX: REED) reported Q3 2023 financial results with net sales at $11.9 million, gross profit up 66% to $4.0 million, gross margin at 34.0%, delivery and handling costs reduced by 15%, and operating loss improved to $0.1 million. Modified EBITDA turned positive at $0.2 million. Management revised 2023 net sales guidance to $45-47 million due to inventory challenges but expects to maintain modified EBITDA profitability and exceed $6 million in operating expense reductions.
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Reed’s Schedules Third Quarter 2023 Conference Call for November 10 at 8:30 a.m. ET

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Reed's, Inc. will host a conference call on November 10, 2023, to discuss its financial results for Q3 2023. The call will be followed by a Q&A session. The conference call details are as follows: Date: November 10, 2023, Time: 8:30 a.m. Eastern time, Toll-free dial-in number: (844) 850-0544, International dial-in number: (412) 542-4115, Conference ID: 10184105. The call will also be available for replay on the investor relations section of the Company's website at https://investor.reedsinc.com.
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Reed’s Appoints Joann Tinnelly as Chief Financial Officer

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Reed's, Inc. announces the transition of Joann Tinnelly to permanent Chief Financial Officer. Tinnelly, who has been serving as Interim CFO since March 2023, brings over 30 years of finance and accounting experience to the role. The CEO expresses excitement about Tinnelly's appointment and highlights her qualifications and contributions to the company's financial goals.
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Reed’s Reports Second Quarter 2023 Results

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Reed’s Schedules Second Quarter 2023 Conference Call for August 10 at 5:00 p.m. ET

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Reed’s Announces Partnership with Stockperks to Reward Retail Investors

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Reed’s Announces Local UK Copacker Partner to Accelerate Market Expansion

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Reed's, Inc. has announced a new manufacturing partnership with Somerset Cider Solutions, a leading UK beverage manufacturer. This partnership will allow Reed's to produce Virgil's sodas close to the UK market, resulting in significant growth for the company. Empire Bespoke Foods, the distributor for Virgil's sodas in the UK, will leverage this lower cost model to drive new distribution and strengthen sales. Reed's also plans to expand this production model to the EU and Asia in the near future.
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FAQ

What is the current stock price of REEDS (REED)?

The current stock price of REEDS (REED) is $0.67 as of December 24, 2024.

What is the market cap of REEDS (REED)?

The market cap of REEDS (REED) is approximately 19.0M.

What does Reed's Inc. specialize in?

Reed's Inc. specializes in crafting natural, artisanal beverages, particularly known for their ginger brews.

What recent achievements has Reed's Inc. made?

Reed's Inc. has introduced zero-sugar options and expanded their beverage portfolio with unique flavors to adapt to consumer trends.

What are Reed's Inc.'s financial highlights for Q2 2023?

Reed's Inc. improved its gross margins, reduced operating expenses, and decreased its operating loss to $0.1 million.

How does Reed's Inc. ensure the quality of its products?

Reed's Inc. uses premium, all-natural ingredients and avoids artificial preservatives, flavors, and gluten in their beverages.

What sustainability practices does Reed's Inc. follow?

Reed's Inc. follows environmentally friendly manufacturing processes to ensure sustainable practices in production.

Where can I buy Reed's Inc. beverages?

Reed's Inc. beverages are available in major supermarket chains, specialty stores, and online platforms.

What is Modified EBITDA, and why does Reed's Inc. use it?

Modified EBITDA is a non-GAAP measure that Reed's Inc. uses to assess core operating performance by excluding certain non-recurring items.

Who should I contact for investor relations at Reed's Inc.?

For investor relations, contact Sean Mansouri, CFA, at ir@reedsinc.com or (720) 330-2829.

What is Reed's Inc.'s outlook for the future?

Reed's Inc. plans to further refine its product offerings and expand its market share, reflecting an optimistic outlook for future growth.

How often does Reed's Inc. provide financial updates?

Reed's Inc. provides regular updates and detailed financial reports on their performance and strategic initiatives.

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REEDS INC

OTC:REED

REED Rankings

N/A Ranked by Market Cap
N/A Ranked by Dividends

REED Stock Data

19.01M
2.27M
62.04%
16.27%
4.27%
Beverages - Non-Alcoholic
Consumer Defensive
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United States of America
Norwalk