Reed's, Inc. (REED)

NASDAQ: REED · IEX Real-Time Price · USD
0.192
-0.016 (-7.55%)
At close: Aug 12, 2022 4:00 PM
0.201
+0.008 (4.368%)
After-hours: Aug 12, 2022 7:46 PM EDT
-7.55%
Market Cap 21.66M
Revenue (ttm) 49.64M
Net Income (ttm) -16.88M
Shares Out 112.65M
EPS (ttm) -0.18
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 881,942
Open 0.213
Previous Close 0.208
Day's Range 0.190 - 0.213
52-Week Range 0.140 - 0.780
Beta 1.39
Analysts Buy
Price Target 0.94 (+388.8%)
Earnings Date Aug 11, 2022

About REED

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 st... [Read more...]

Industry Beverages
Founded 1987
Employees 31
Stock Exchange NASDAQ
Ticker Symbol REED
Full Company Profile

Financial Performance

In 2021, Reed's's revenue was $49.60 million, an increase of 19.19% compared to the previous year's $41.62 million. Losses were -$16.40 million, 61.2% more than in 2020.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for REED stock is "Buy." The 12-month stock price forecast is 0.94, which is an increase of 388.82% from the latest price.

Price Target
$0.94
(388.82% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Reeds (REED) Reports Q2 Loss, Lags Revenue Estimates

Reeds (REED) delivered earnings and revenue surprises of -66.67% and 4.95%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

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 ann...

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 ann...

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 host...

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 appoi...

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 ann...

Reeds (REED) Reports Q1 Loss, Lags Revenue Estimates

Reeds (REED) delivered earnings and revenue surprises of -25% and 11.08%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Reed's Reports First Quarter 2022 Results

NORWALK, Conn., May 16, 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, is reporti...

Reeds (REED) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Reeds (REED) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Reed's Schedules First Quarter 2022 Conference Call for May 16, 2022 at 5:00 p.m. ET

NORWALK, Conn., May 04, 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 host...

Reed Stock Slides After Hours As Q4 Results Miss Expectations

Reed's, Inc. (NASDAQ: REED) reported fourth-quarter revenue growth of 20% year-over-year to $12.8 million, missing the consensus of $13.02 million. The increase was attributed to solid demand across Ree...

Reed's Reports Fourth Quarter and Full Year 2021 Results

- FY 2021 Net Revenue up 19% to $49.6 Million -

Reed's Schedules Fourth Quarter and Full Year 2021 Conference Call for March 31, 2022 at 5:00 p.m. ET

NORWALK, Conn., March 24, 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 hos...

Reed's Inc.® Announces Closing of $5.4 Million Private Placement

NORWALK, Conn., March 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 an...

Reed's® Reports Preliminary Unaudited Fourth Quarter and Full Year 2021 Results

- Preliminary Q4 2021 Net Revenue up 19% to Approximately $12.7 Million -

Reed's® Launches Multiple New Beverages in Sprouts Farmers Market

Sprouts to Carry 16 New Reed's® SKUs Across All 376 Stores Nationwide Sprouts to Carry 16 New Reed's® SKUs Across All 376 Stores Nationwide

Reed's® Launches Ready-to-Drink Zero Sugar Classic Mule in Costco

Initial Launch Includes Distribution to 28 Locations Throughout the Southeast Initial Launch Includes Distribution to 28 Locations Throughout the Southeast

Reed's Inc.® Launches Mule in Michigan at Midtown Fresh

Zero Sugar Classic Mule is now available in Kalamazoo, Michigan Zero Sugar Classic Mule is now available in Kalamazoo, Michigan

Reed's Launches Real Cranberry Ginger Ale At Costco

Reed's Inc (NASDAQ: REED) has launched REAL Cranberry Ginger Ale, an exclusive variety for Costco Wholesale Corp (NASDAQ: COST) members in the Northwest region. The non-alcoholic sparkling beverage cont...

Reed's® Launches Limited-Edition Real Cranberry Ginger Ale at Costco

Now available exclusively in the Northwest region for the duration of the holiday season Now available exclusively in the Northwest region for the duration of the holiday season

Reed's, Inc. Announces Third Quarter 2021 Financial Results

Net sales increased 27% Net sales increased 27%

Reed's Inc.® Unveils Fan-Favorite Beverages in Swing-lid Bottles

Flying Cauldron® and Virgil's™ Bavarian Nutmeg Root Beer Available in Unique, Shareable Packaging Format Flying Cauldron® and Virgil's™ Bavarian Nutmeg Root Beer Available in Unique, Shareable Packaging...

Flying Cauldron® Named Official Drink of The Wizard Run®

A Magical Journey is Brewing for Witches and Wizards Alike! A Magical Journey is Brewing for Witches and Wizards Alike!

Reed's® Launches Limited-Edition “Boo Box” For Halloween

America's #1 Real Ginger Company Debuts a Seasonal Offering Packed with its Restaged Ginger Chews America's #1 Real Ginger Company Debuts a Seasonal Offering Packed with its Restaged Ginger Chews