Reed's, Inc. (REED)
| Market Cap | 14.22M |
| Revenue (ttm) | 48.30M |
| Net Income (ttm) | -19.18M |
| Shares Out | 4.17M |
| EPS (ttm) | -7.65 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 375 |
| Open | 3.41 |
| Previous Close | 3.31 |
| Day's Range | 3.41 - 3.41 |
| 52-Week Range | 1.50 - 7.75 |
| Beta | 1.46 |
| Analysts | Buy |
| Price Target | 7.00 (+105.28%) |
| Earnings Date | Aug 10, 2023 |
About REED
Reed's, Inc. engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas. It 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, as well as directly to consumers through www.drinkreeds.com. T... [Read more]
Financial Performance
In 2022, Reed's's revenue was $53.04 million, an increase of 6.94% compared to the previous year's $49.60 million. Losses were -$19.11 million, 8.56% more than in 2021.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for REED stock is "Buy." The 12-month stock price forecast is $7.0, which is an increase of 105.28% from the latest price.
News
Reed's Reports Second Quarter 2023 Results
Fourth Consecutive Quarter of YoY Operating Expense and Profitability Improvements Reiterates Full Year 2023 Margin and Profitability Targets NORWALK, Conn., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Reed's, ...
Reed's Announces Partnership with Stockperks to Reward Retail Investors
Partnership will bring Reed's onto the Stockperks platform, enhancing shareholder engagement year-round and providing exclusive perks for Reed's retail investors Partnership will bring Reed's onto the...
Reed's Announces Local UK Copacker Partner to Accelerate Market Expansion
Somerset Cider Solutions will produce Virgil's in-market, resulting in a lower-cost model that will help Reed's drive UK market expansion Somerset Cider Solutions will produce Virgil's in-market, resu...
Reed's Appoints Shufen Deng to its Board of Directors
NORWALK, Conn., July 13, 2023 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX: REED) (“Reed's” or the “Company”), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, has appointe...
Reed's Expands its Distribution in Meijer
Market Presence grows with Reed's Ready-to-Drink Craft Mules and Reed's Hard Ginger Ale in over 180 stores. Market Presence grows with Reed's Ready-to-Drink Craft Mules and Reed's Hard Ginger Ale in o...
Reed's Reports First Quarter 2023 Results
- Strengthened Liquidity Position with Recent $5.6 Million Financing Transactions, Including Strategic Investment -
Reed's Schedules First Quarter 2023 Conference Call for June 1 at 8:30 a.m. ET
NORWALK, Conn., May 22, 2023 (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 c...
Reed's Announces New Distribution Partnership with Roundy's Supermarket
Initial Launch will Include Reed's Hard Ginger Ale in over 100 Roundy's Wisconsin Stores Initial Launch will Include Reed's Hard Ginger Ale in over 100 Roundy's Wisconsin Stores
Reed's Announces Appointment of Interim Chief Financial Officer Joann Tinnelly
NORWALK, Conn., March 31, 2023 (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 annou...
Reed's Reports Fourth Quarter and Full Year 2022 Results and Reiterates Its 2023 Financial Outlook
- Q4 2022 Net Sales Grew 18% to a Record $15.0 million, Gross Margins Expanded +250bps and Operating Expenses Declined 10% -
Reed's Schedules Fourth Quarter and Full Year 2022 Conference Call for March 29 at 5:00 p.m. ET
NORWALK, Conn., March 20, 2023 (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...
Reed's Announces New Distribution Partnership with Loblaws Supermarkets
Reed's Products are Now Available in 500 Loblaws Stores Across Canada Reed's Products are Now Available in 500 Loblaws Stores Across Canada
Reed's Announces Resignation of Chief Financial Officer Tom Spisak
NORWALK, Conn., March 07, 2023 (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 annou...
Reed's, Inc. Announces Transition from the Nasdaq Capital Market to the OTCQX and Close of $2.5 Million Bridge Financing
The Company Anticipates Trading to Begin on the OTCQX on Thursday, February 16 The Company Anticipates Trading to Begin on the OTCQX on Thursday, February 16
Reed's Reports Preliminary Unaudited Fourth Quarter and Full Year 2022 Results and Issues 2023 Financial Outlook
- Preliminary Q4 2022 Net Revenue up 18% to Approximately $15.1 million -
Reed's, Inc. Announces Revised Effective Date for Reverse Stock Split
Friday, January 27, 2023 Friday, January 27, 2023
Reed's Inc. Announces Reverse Stock Split
Reed's Common Stock to Begin Trading on a Split-Adjusted Basis on January 26, 2023 Reed's Common Stock to Begin Trading on a Split-Adjusted Basis on January 26, 2023
Reed's Schedules Third Quarter 2022 Conference Call for November 10 at 5:00 p.m. ET
NORWALK, Conn., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ: REED) (“Reed's” or the “Company”), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a...
Reed's Receives Positive Nasdaq Listing Determination
NORWALK, Conn., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ: REED) (“Reed's” or the “Company”), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, today anno...
Reed's Launches the New Zero Sugar Stormy Mule across the West Coast
NORWALK, Conn., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ: REED) (“Reed's” or the “Company”), owner of the nation's leading portfolio of handcrafted, all-natural ginger beverages, today a...
Reed's Debuts Spiked Ginger Ale
Ginger Beverage Brand takes Classic Ginger Ale and adds a HARD Twist Ginger Beverage Brand takes Classic Ginger Ale and adds a HARD Twist
Reed's® Launches Swing-Lids in 630 Cracker Barrel Old Country Stores Nationwide
NORWALK, Conn., July 28, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ: REED) (“Reed's” or the “Company”), owner of the nation's leading portfolio of handcrafted, all-natural ginger beverages, today a...
Reed's Schedules Second Quarter 2022 Conference Call for August 11 at 5:00 p.m. ET
NORWALK, Conn., July 21, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ: REED) (“Reed's” or the “Company”), owner of the nation's leading portfolio of handcrafted, all-natural ginger beverages, will ho...
Reed's Appoints Thomas Kosler to Board of Directors
NORWALK, Conn., July 07, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ: REED) (“Reed's” or the “Company”), owner of the nation's leading portfolio of handcrafted, all-natural ginger beverages, has app...
Reed's to Virtually Participate at the Lytham Partners Summer 2022 Investor Conference on June 22
NORWALK, Conn., June 14, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ: REED) (“Reed's” or the “Company”), owner of the nation's leading portfolio of handcrafted, all-natural ginger beverages, today a...