Reeds Expects FY23 Gross Margin To Surpass 30% With Modified EBITDA Profitable By 2H23
Portfolio Pulse from Benzinga Newsdesk
Reeds Inc. anticipates FY23 gross margin to exceed 30% and modified EBITDA to become profitable by 2H23. The company also expects to achieve positive cash flow in 2H23.
June 01, 2023 | 12:01 pm
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Reeds Inc. expects FY23 gross margin to surpass 30% and modified EBITDA to turn profitable by 2H23, with positive cash flow in 2H23.
Reeds Inc.'s expectation of higher gross margin and profitability in FY23 indicates a positive outlook for the company's financial performance. This news is likely to have a positive impact on the stock price in the short term as investors may view it as a sign of growth and improved financial health.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100