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Complete financial analysis of Reed’s, Inc. (REED) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Reed’s, Inc., a leading company in the Beverages – Non-Alcoholic industry within the Consumer Defensive sector.
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Reed's, Inc. (REED)
About Reed's, Inc.
Reed's, Inc. engages in the manufacture and distribution of natural hand-crafted beverages in the craft specialty foods industry in the United States, Canada, Asia, Europe, Australia, and South America. It offers Reed's craft ginger beers; Reed's real ginger ales; Reed's ready to drink products; Virgil's handcrafted sodas; ginger candy; and other ginger beverages under the Reed's brand. Reed's, Inc. sells its products to natural food and gourmet retailers, grocery store chains, mass merchants, club stores, convenience and drug stores, liquor stores, industrial cafeterias, and on-premise bars and restaurants through distributors and independent distributor partners, as well as direct to store distribution. It also exports its products to France, the United Kingdom, South Africa, the Caribbean, Canada, Spain, the Philippines, Israel, Australia, Asia, rest of Europe, and South America. The company was formerly known as Original Beverage Corporation and changed its name to Reed's, Inc. in 2001. Reed's, Inc. was founded in 1987 and is headquartered in Norwalk, Connecticut.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 44.71M | 53.04M | 49.60M | 41.62M | 33.82M | 38.10M | 37.71M | 42.47M | 45.95M | 43.42M | 37.28M | 30.01M | 25.01M | 20.38M | 15.18M | 15.28M | 13.06M | 10.48M | 9.47M | 8.98M | 6.78M |
| Cost of Revenue | 35.00M | 40.93M | 36.00M | 28.85M | 25.94M | 27.42M | 30.82M | 33.49M | 34.34M | 30.42M | 26.49M | 20.86M | 17.61M | 16.04M | 11.57M | 11.89M | 11.04M | 8.43M | 7.75M | 7.10M | 5.46M |
| Gross Profit | 9.71M | 12.11M | 13.60M | 12.77M | 7.88M | 10.68M | 6.89M | 8.98M | 11.61M | 13.01M | 10.79M | 9.14M | 7.41M | 4.34M | 3.61M | 3.39M | 2.02M | 2.06M | 1.72M | 1.88M | 1.32M |
| Gross Profit Ratio | 21.72% | 22.84% | 27.42% | 30.68% | 23.29% | 28.02% | 18.28% | 21.15% | 25.26% | 29.95% | 28.95% | 30.47% | 29.60% | 21.28% | 23.80% | 22.16% | 15.46% | 19.63% | 18.21% | 20.89% | 19.46% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 6.12M | 7.19M | 7.97M | 7.02M | 7.60M | 8.38M | 5.75M | 4.21M | 4.37M | 3.65M | 3.51M | 3.23M | 5.19M | 2.74M | 2.63M | 3.14M | 7.21M | 3.86M | 2.24M | 1.95M | 0.00 |
| Selling & Marketing | 12.43M | 18.92M | 21.60M | 14.36M | 15.18M | 10.37M | 6.96M | 7.60M | 9.97M | 9.32M | 8.16M | 5.78M | 2.47M | 2.32M | 2.41M | 3.82M | 4.59M | 1.35M | 1.12M | 0.00 | 0.00 |
| SG&A | 18.54M | 26.11M | 29.57M | 21.38M | 22.78M | 18.75M | 12.72M | 11.81M | 14.34M | 12.97M | 11.66M | 9.01M | 7.66M | 5.06M | 5.04M | 6.96M | 7.21M | 3.86M | 2.24M | 1.95M | 1.42M |
| Other Expenses | 585.00K | 12.14M | 11.94M | 6.86M | 5.95M | 5.54M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 300.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 19.13M | 26.11M | 29.57M | 21.38M | 22.78M | 18.75M | 12.72M | 11.81M | 14.34M | 12.97M | 11.66M | 9.01M | 7.66M | 5.06M | 5.04M | 6.96M | 7.51M | 3.86M | 2.24M | 1.95M | 1.42M |
| Cost & Expenses | 54.13M | 67.04M | 65.57M | 50.23M | 48.72M | 46.18M | 43.54M | 45.30M | 48.68M | 43.38M | 38.15M | 29.87M | 25.26M | 21.10M | 16.61M | 18.85M | 18.55M | 12.29M | 9.99M | 9.05M | 6.88M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00K | 0.00 | 7.77K | 0.00 | 0.00 | 0.00 |
| Interest Expense | 6.11M | 5.22M | 1.20M | 1.31M | 1.29M | 2.20M | 6.62M | 1.72M | 1.23M | 793.00K | 651.00K | 660.00K | 691.00K | 586.00K | 486.00K | 244.00K | 0.00 | 414.79K | 309.50K | 0.00 | 250.74K |
| Depreciation & Amortization | 142.00K | 225.00K | 243.00K | 204.00K | 152.00K | 108.00K | 551.00K | 647.00K | 933.00K | 755.00K | 550.00K | 738.00K | 653.00K | 616.00K | 469.00K | 355.00K | 205.26K | 155.86K | 118.52K | 97.33K | 124.20K |
| EBITDA | -9.28M | -14.73M | -14.96M | -8.67M | -14.67M | -8.02M | -11.56M | -2.64M | -1.80M | 796.00K | -319.00K | 874.00K | 403.00K | -108.00K | -963.00K | -3.22M | -5.28M | -1.64M | -397.93K | 25.99K | 23.00K |
| EBITDA Ratio | -20.74% | -26.18% | -31.91% | -20.21% | -43.61% | -20.90% | -13.98% | -5.15% | -3.91% | 1.83% | -0.86% | 2.91% | 1.61% | -0.53% | -2.12% | -21.05% | -38.16% | -15.74% | -4.20% | 1.99% | 6.69% |
| Operating Income | -9.42M | -14.00M | -15.97M | -8.62M | -14.90M | -8.12M | -11.75M | -3.05M | -2.73M | 41.00K | -869.00K | 136.00K | -250.00K | -724.00K | -2.07M | -3.57M | -5.49M | -1.81M | -516.45K | -71.34K | -96.95K |
| Operating Income Ratio | -21.06% | -26.39% | -32.20% | -20.70% | -44.06% | -21.32% | -31.15% | -7.19% | -5.94% | 0.09% | -2.33% | 0.45% | -1.00% | -3.55% | -13.66% | -23.38% | -42.03% | -17.23% | -5.45% | -0.79% | -1.43% |
| Total Other Income/Expenses | -6.11M | -5.22M | -431.00K | -1.56M | -1.26M | -2.20M | -6.62M | -2.21M | -1.23M | -793.00K | -651.00K | -660.00K | -691.00K | -586.00K | -641.00K | -243.00K | -62.34K | -436.49K | -338.97K | -153.00K | -429.05K |
| Income Before Tax | -15.52M | -19.22M | -16.40M | -10.18M | -16.11M | -10.33M | -18.37M | -5.01M | -3.96M | -752.00K | -1.52M | -524.00K | -941.00K | -1.31M | -2.71M | 0.00 | -5.58M | -2.24M | -855.43K | -224.34K | -523.63K |
| Income Before Tax Ratio | -34.72% | -36.23% | -33.07% | -24.46% | -47.64% | -27.10% | -48.72% | -11.79% | -8.62% | -1.73% | -4.08% | -1.75% | -3.76% | -6.43% | -17.88% | 0.00% | -42.72% | -21.39% | -9.03% | -2.50% | -7.72% |
| Income Tax Expense | 0.00 | -108.00K | 1.20M | 1.31M | 1.29M | -2.00K | 6.62M | 1.72M | 0.00 | 2.00K | 0.00 | 0.00 | -1.08M | 0.00 | 1.13M | 243.00K | 62.34K | -29.47K | -29.47K | 408.03K | 677.42K |
| Net Income | -15.52M | -19.11M | -17.60M | -11.48M | -17.40M | -10.33M | -18.37M | -5.01M | -3.96M | -754.00K | -1.52M | -524.00K | -941.00K | -1.31M | -2.56M | -3.81M | -5.55M | -2.21M | -825.96K | -479.37K | -774.37K |
| Net Income Ratio | -34.72% | -36.03% | -35.49% | -27.60% | -51.44% | -27.10% | -48.72% | -11.79% | -8.62% | -1.74% | -4.08% | -1.75% | -3.76% | -6.43% | -16.86% | -24.97% | -42.51% | -21.11% | -8.72% | -5.34% | -11.42% |
| EPS | -4.39 | -9.46 | -9.65 | -9.47 | -24.81 | -20.36 | -62.17 | -18.39 | -14.47 | -2.78 | -5.82 | -2.22 | -4.19 | -6.18 | -13.30 | -20.62 | -33.29 | -19.25 | -8.12 | -4.87 | -7.87 |
| EPS Diluted | -4.39 | -9.46 | -9.65 | -9.47 | -24.81 | -20.36 | -62.17 | -18.39 | -14.47 | -2.78 | -5.82 | -2.22 | -4.19 | -6.18 | -13.30 | -20.62 | -33.29 | -19.25 | -7.53 | -4.87 | -7.87 |
| Weighted Avg Shares Out | 3.54M | 2.02M | 1.82M | 1.21M | 701.16K | 507.15K | 295.52K | 272.40K | 273.76K | 271.60K | 261.13K | 236.56K | 224.58K | 212.10K | 192.35K | 184.99K | 166.76K | 114.99K | 101.72K | 98.41K | 98.37K |
| Weighted Avg Shares Out (Dil) | 3.54M | 2.02M | 1.82M | 1.21M | 701.16K | 507.15K | 295.52K | 272.40K | 273.76K | 271.60K | 261.13K | 236.56K | 224.58K | 212.10K | 192.35K | 184.99K | 166.76K | 114.99K | 109.73K | 98.41K | 98.37K |
Reed's Schedules Second Quarter 2024 Conference Call for August 13 at 5:00 p.m. ET
NORWALK, 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....
Reed's Unveils New Virgil's 12oz Can Format in Sprouts Farmers Market
NORWALK, Conn., May 29, 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, today announced the launch of Virgil's full sugar handcrafted sodas in a new,...
Reed's, Inc. (REED) Q1 2024 Earnings Call Transcript
Reed's, Inc. (OTCQX:REED) Q1 2024 Earnings Conference Call May 14, 2024 5:00 PM ET Corporate Participants Norman Snyder - Chief Executive Officer Joann Tinnelly - Chief Financial Officer Conference Call Participants Sean McGowan - ROTH Operator Good afternoon, and welcome...
Reed's Schedules First Quarter 2024 Conference Call for May 14 at 5:00 p.m. ET
NORWALK, 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....
Reeds (REED) Upgraded to Buy: Here's What You Should Know
Reeds (REED) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Reed's, Inc. (REED) Q4 2023 Earnings Call Transcript
Reed's, Inc. (REED) Q4 2023 Earnings Call Transcript
Reed's Reports Fourth Quarter and Full Year 2023 Results and Issues 2024 Financial Outlook
Sixth 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...
Reed's Schedules Fourth Quarter and Full Year 2023 Conference Call for March 28 at 5:00 p.m. ET
NORWALK, 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....
Reed's, Inc. (REED) Q3 2023 Earnings Call Transcript
Reed's, Inc. (OTCQX:REED) Q3 2023 Earnings Conference Call November 10, 2023 8:30 AM ET Company Participants Joann Tinnelly - CFO Norman Snyder - CEO Conference Call Participants Operator Good morning, and welcome to Reed's Third Quarter 2023 Earnings Conference Call...
Reed's Reports Third Quarter 2023 Results
Gross Margin Expansion and Continued Operating Expense Reductions Lead to First Quarter of Modified EBITDA Profitability Since 2016 and Operating Loss improvement to $0.1 million Gross Margin Expansion and Continued Operating Expense Reductions Lead to First Quarter of Modified EBITDA Profitability...
Source: https://incomestatements.info
Category: Stock Reports