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Zevia PBC (Symbol: ZVIA) is a pioneering beverage company dedicated to disrupting the liquid refreshment industry with its innovative, zero-calorie, zero-sugar, and naturally sweetened products. Founded in 2007, Zevia was the first company to introduce zero-calorie soda sweetened with stevia, setting a new standard in the industry. Today, Zevia continues to lead the zero-calorie, naturally sweetened beverage category with a diverse portfolio that includes sodas, energy drinks, organic teas, mixers, kids' drinks, and sparkling water, all of which are Non-GMO Project Verified.
Zevia's mission is to support the health of individuals and communities by providing beverages that cater to health-conscious consumers seeking alternatives to traditional sugary drinks. The company's product range is available across the U.S. and Canada through a robust network of retailers spanning food, drug, mass, natural, and e-commerce channels. Zevia derives the majority of its revenue from the United States, underscoring its strong market presence and consumer trust.
Committed to innovation and sustainability, Zevia is continuously reimagining its product offerings to challenge the status quo. The company's relentless pursuit of positive change in the beverage industry is fueled by its vision of creating a healthier world. Recent achievements include expanding its product lines and enhancing distribution channels, ensuring that more consumers have access to their refreshing and health-conscious beverage options.
Stay updated with the latest news and developments regarding Zevia PBC to understand how this dynamic company is shaping the future of the beverage industry.
Zevia PBC (NYSE: ZVIA) reported its Q4 2022 financial results, revealing a 3.5% increase in net sales to $35.4 million. Despite a 8.7% decline in unit volume, the company achieved a gross profit margin of 44.3%, improving by 1 point year-over-year. The net loss narrowed to $6.2 million from $37.4 million in Q4 2021. For the full year, net sales rose 18.1% to $163.2 million, with a total net loss of $47.6 million. Zevia anticipates 2023 net sales between $180 million and $190 million, indicating a potential growth of 10% to 16%.
Zevia PBC (NYSE:ZVIA) announced plans to release its financial results for the fourth quarter and full year 2022 on February 28, 2023, before market open. A conference call will follow at 8:30 a.m. ET to discuss the results. Interested parties can access the live webcast via Zevia's Investor Relations website. A replay will be available for 30 days post-call. Zevia is a Delaware-based public benefit corporation focused on offering zero sugar, zero calorie beverages made from simple, plant-based ingredients. It is distributed across over 32,000 retail locations in the U.S. and Canada.
Zevia PBC (NYSE: ZVIA) has announced that its President and CEO, Amy Taylor, along with CFO Denise Beckles, will attend the 25th Annual ICR Conference from January 9-11, 2023, in Orlando, FL. They will participate in a fireside chat on January 9 at approximately 2:30 PM ET. Investors can access a live webcast of the presentation on Zevia's Investor Relations website, with a replay available for 30 days after the event. Zevia is known for its zero sugar, plant-based beverages and is distributed in over 31,000 retail locations across the U.S. and Canada.
Zevia PBC (NYSE: ZVIA) announced participation in the Stephens Annual Investment Conference from November 15-17, 2022, in Nashville, TN. President and CEO Amy Taylor, alongside CFO Denise Beckles, will engage with investors and conduct a fireside chat on November 17 at approximately 12:00 PM CT. A live webcast of their presentation will be accessible through the Investor Relations section of Zevia's website, with a replay available for 30 days afterward. Zevia specializes in zero sugar, plant-based beverages and is distributed across 31,000 retail locations in the U.S. and Canada.
Zevia PBC (NYSE: ZVIA) reported a strong third quarter for 2022, with net sales rising 13.6% year over year to $44.2 million. The gross profit margin improved to 43.3%, reflecting a 90 basis point sequential increase. The company achieved a $9.2 million net loss, better than the previous year’s $49.8 million loss. Adjusted EBITDA loss was reduced to $2.1 million, marking a 67.7% sequential improvement. Despite challenges in inventory management, Zevia updated its full-year guidance to forecast net sales between $158 million and $160 million, projecting a 14.2% to 15.7% increase from 2021.
Zevia PBC (NYSE:ZVIA) is set to release its financial results for the third quarter ended September 30, 2022, before the market opens on Thursday, November 10, 2022. A conference call will follow at 8:30 a.m. Eastern Time to discuss these results.
Interested parties can access the conference call via the Investor Relations section of Zevia's website, with a replay available for 30 days post-call. Zevia, a public benefit corporation, offers a range of zero sugar, zero calorie beverages, and is distributed in over 31,000 retail locations in the U.S. and Canada.
Zevia PBC (NYSE: ZVIA) reported a 33% increase in net sales, reaching $45.5 million for Q2 2022, driven by a 30% rise in unit volume. The company reiterated its full-year guidance of $177-$182 million in net sales, anticipating an 18%-23% growth in Q3 2022. Despite strong revenue growth, Zevia reported a net loss of $14.8 million, or $0.28 per diluted share, impacted by inflationary pressures and increased expenses. Gross profit margin fell to 38.1%, down from 47.3% year-over-year. The company aims to enhance margins in the latter half of the year through pricing strategies and operational efficiencies.
Zevia PBC (NYSE: ZVIA) has appointed Greig P. DeBow, Jr. as Chief Commercial Officer, effective immediately. With over 25 years in the beverage and consumer-packaged goods sectors, DeBow is tasked with enhancing revenue growth and market development for the Zevia brand. Previously, he held senior roles at Jack Link’s Protein Snacks and Danone North America, contributing significantly to their commercial success. This strategic appointment aims to refine Zevia's go-to-market strategy and drive profitable growth while addressing global health challenges related to sugar consumption.
Zevia PBC (NYSE:ZVIA) will announce its financial results for Q2 2022 on August 11, 2022, prior to market open. A conference call to discuss the results will follow at 8:30 a.m. ET. Investors can listen to the call via the Investor Relations section of Zevia's website. The company offers a range of zero sugar, zero calorie beverages, and is distributed in over 31,000 retail locations across the U.S. and Canada.
Zevia PBC (NYSE: ZVIA) announced the appointment of David J. Lee to its Board of Directors, effective July 20, 2022. Lee, currently serving as President of AppHarvest, brings over two decades of experience in consumer goods, retail, and plant-based food sectors. His expertise in strategy, operations, and finance aligns with Zevia's mission of providing zero-sugar beverages. Both President Amy Taylor and CEO Paddy Spence emphasized Lee's potential contributions to the company's growth strategy.
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