See more : Compagnie de Saint-Gobain S.A. (CODYY) Income Statement Analysis – Financial Results
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: Q4 Earnings Insights
Shares of Reed's (NASDAQ:REED) moved lower in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 44.44% over the past year to ($0.05), which missed the estimate of ($0.04).
Reed's Earnings Preview
On Tuesday, March 30, Reed's (NASDAQ:REED) will release its latest earnings report. Here is Benzinga's outlook for the company.
Virgil's™ Announces Limited Edition Return of Fan Favorite: Dr. Better
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Reed's Inc. Announces Release Date of Fourth Quarter and Full Year 2020 Financial Results and Webcast
NORWALK, Conn., March 16, 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 fourth quarter and full year ended...
Reed's: An Interesting High Flier
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Reed's Real Ginger Ale is Driving Into 2021 With a Big Giveaway
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Reed's, Inc. Announces Preliminary Unaudited Fourth Quarter and Full Year 2020 Financial Results
NORWALK, Conn., Jan. 13, 2021 (GLOBE NEWSWIRE) -- Reed's Inc. (Nasdaq: REED), owner of the nation's leading portfolio of handcrafted, all-natural beverages, today announced preliminary unaudited revenue results for the fiscal fourth quarter and full year 2020 ended December 31,...
Reed's Inc. Prices Underwritten Public Offering of Common Stock
NORWALK, Conn., Nov. 20, 2020 (GLOBE NEWSWIRE) -- Reed's Inc. (Nasdaq: REED), owner of the nation's leading portfolio of handcrafted, all-natural beverages, today announced the pricing of an underwritten public offering of 18,750,000 shares of its common stock at a...
Reed's Inc. Announces Proposed Public Offering of Common Stock
NORWALK, Conn., Nov. 19, 2020 (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 offer shares of its common stock in an underwritten public offering. Reed's...
Reed's Inc. Provides Fiscal 2021 Guidance
NORWALK, Conn., Nov. 19, 2020 (GLOBE NEWSWIRE) -- Reed's Inc. (NASDAQ: REED), owner of the nation's leading portfolio of handcrafted, all-natural beverages, today provided financial guidance for fiscal 2021 and detail on recent syndicated third-party retail sell-through data.
Source: https://incomestatements.info
Category: Stock Reports