REEDS INC - REED STOCK NEWS

Reed's, Inc. (NASDAQ: REED) will host a conference call on May 16, 2022, at 5:00 p.m. Eastern time to discuss its Q1 financial results for 2022. The call will include a presentation by management and a question-and-answer session afterward. Interested participants can dial in using the toll-free number (844) 850-0544 or join via the webcast available on the company's investor relations website. Reed's specializes in handcrafted, all-natural ginger beverages and has expanded its product line to include zero-sugar options.

Reed’s, Inc. (NASDAQ: REED) reported a 19% increase in FY 2021 net revenue, reaching $49.6 million, with Q4 2021 revenue up 20% to $12.8 million. However, gross profit fell to $13.6 million, with margin decreasing to 27.4%. The company recorded an operating loss of $(15.9) million. Looking ahead, Reed’s expects 2022 net sales between $59-$62 million and a gross margin of 30%. The company is initiating cost-saving strategies to mitigate increased supply chain costs. A conference call will be held on March 31, 2022, to discuss these results.

Reed’s, Inc. (NASDAQ: REED) announced a conference call scheduled for March 31, 2022, at 5:00 p.m. Eastern time to discuss its financial results for the year ending December 31, 2021. Key details include the toll-free dial-in number (844) 850-0544 and the conference ID 10164980. The call will be accessible live and for replay on the company’s investor relations website. Reed’s is recognized as a leader in natural ginger beverages, with products available in over 45,000 stores nationwide.

NORWALK, Conn., March 14, 2022 – Reed’s, Inc. (NASDAQ:REED) closed a private placement with institutional and accredited investors, raising $5.4 million by issuing 18,594,571 shares and warrants for an additional 9,297,289 shares. Officers and directors bought approximately $1.1 million of the offering. Shares sold for $0.28 each, while officers purchased at $0.3502. The warrants, exercisable at $0.2877, are valid for five years. Proceeds will be used for working capital and corporate purposes. Roth Capital Partners acted as the placement agent.

Reed's, Inc. (NASDAQ:REED) has secured approximately $5.3 million through a private placement, issuing about 18 million shares of common stock and warrants to purchase an additional 9 million shares. The offering includes significant commitments from company officers, totaling $1.1 million. Shares were priced at $0.28 for investors and $0.3502 for officers. Proceeds will be utilized for working capital and general corporate purposes. The offering is anticipated to close around March 11, 2022.

Reed's, Inc. reported a 19% increase in Q4 2021 net revenue, reaching approximately $12.7 million. For the full year, net revenue also rose 19% to about $49.6 million. The company anticipates 2022 net sales between $59-$62 million with a 30% gross margin. Despite challenges like higher packaging costs and inflation impacting gross margin, Reed's celebrated ongoing growth in ginger beverages, especially through its Reed's Classic Mule product. Management is optimistic about implementing cost-saving measures and improving margins moving forward.

Reed’s Inc. (NASDAQ: REED) announced plans to distribute 16 new SKUs to Sprouts Farmers Market (NASDAQ: SFM) across all 376 stores nationwide, starting in Q2 2022. This partnership expands from the successful launch of Reed’s Ginger Ale and Ginger Beer in 2021. The new offerings include various flavors of Reed’s Zero Sugar Ginger Ale and Virgil’s beverages. CEO Norman E. Snyder expressed enthusiasm about providing high-quality products aligned with Sprouts’ commitment to natural ingredients.

Reed's Inc. (NASDAQ: REED) announced the launch of its Zero Sugar Classic Mule at 28 Costco locations across the Southeast, including Florida, South Carolina, Tennessee, and Georgia. The beverage, made with fresh ginger root and containing 7% alcohol, is free from added sugar, artificial colors, gluten, GMOs, and caffeine. Retailing at $24.99 for a 12-pack of 12oz cans, this product responds to growing consumer demand for premium, ready-to-drink beverages. Reed's aims to continue expanding its distribution throughout 2022.

Reed’s Inc. has launched its Zero Sugar Classic Mule at Midtown Fresh in Kalamazoo, Michigan, marking its first retail placement in the state. This partnership will enhance consumer access to this ready-to-drink beverage, distributed by IHS Distributing. Chief Sales Officer Neal Cohane expressed optimism about consumer acceptance and sales velocity. Midtown Fresh’s owner, Paul Petros, highlighted their excitement to introduce this product, furthering Reed’s reach in Michigan's beverage market.