Reed's Reports Third Quarter 2024 Results and Provides Business Update [Yahoo! Finance]
REEDS INC (REED)
Last reeds inc earnings: 3/12 04:14 pm
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Source: Yahoo! Finance
Management to Host Conference Call Today at 8:30 a.m. ET NORWALK, Conn., Nov. 14, 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, is reporting financial results for the three months ended September 30, 2024. The Company is also providing an update on recent strategic transactions, including the assumption of outstanding secured notes by the Company's majority stockholder, D&D Source of life Holding LTD (“D&D”). Q3 2024 Financial Highlights (vs. Q3 2023): Net sales were $6.8 million compared to $11.9 million. Gross profit was $1.2 million compared to $4.0 million, with gross margin of 18.0% compared to 34.0%. Delivery and handling costs were reduced by 33% to $2.99 per case. Selling, general and administrative expenses were $3.1 million compared to $2.3 million. Operating loss was $3.1 million compared to $0.1 million. Modified EBITDA was $(3.0) million co
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REED
News
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Here's Why Reeds (REED) Is a Great 'Buy the Bottom' Stock Now [Yahoo! Finance]Yahoo! Finance
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
REED
Earnings
- 11/14/24 - Miss
REED
Sec Filings
- 12/20/24 - Form PRE
- 12/6/24 - Form 4
- 12/6/24 - Form SC
- REED's page on the SEC website