Streetbeat News

REED

Reeds Inc

Employees

Industry

Soft Drink Manufacturing

Open

1.39

Mkt cap

61M

Volume

High

1.39

P/E Ratio

-0.36

52-wk high

2.42

Low

1.35

Div yield

N/A

52-wk low

0.51

Reed's, Inc. has announced key leadership changes to strengthen its executive team. Douglas McCurdy will become the new CFO, replacing Joann Tinnelly, who will transition to CAO. Salvatore Vassallo has been appointed as VP of Operations.

Portfolio Pulse from

February 06, 2025 | 9:15 pm

Reed's, Inc. has successfully closed a $10 million private placement through a PIPE financing, enhancing its financial position.

Portfolio Pulse from

January 06, 2025 | 10:15 pm

Reeds (REED) is showing signs of a potential turnaround with a supportive hammer chart pattern and upward revisions in earnings estimates by analysts.

Portfolio Pulse from

November 28, 2024 | 4:15 pm

Reed's, Inc. will participate in the Sidoti Conference on December 4-5, 2024, showcasing its portfolio of natural ginger beverages.

Portfolio Pulse from

November 20, 2024 | 10:30 pm

Reed, Inc. held its Q3 2024 earnings conference call, discussing financial results for the quarter ending September 30, 2024. Key participants included CEO Norman Snyder and CFO Joann Tinnelly.

Portfolio Pulse from

November 14, 2024 | 4:30 pm

Reeds (REED) reported a larger-than-expected loss for Q3, with a loss of $1.09 per share compared to the Zacks Consensus Estimate of a $0.20 loss. This is a significant increase from the $0.34 loss per share reported a year ago.

Portfolio Pulse from

November 14, 2024 | 2:30 pm

Reed's has reported its third quarter 2024 results, highlighting a strengthened liquidity position through a new $10 million credit facility and the assumption of secured notes by the company's majority stockholder.

Portfolio Pulse from

November 14, 2024 | 12:15 pm

Reed's, Inc. has scheduled a conference call for November 14, 2024, to discuss its Q3 2024 financial results. The results will be released in a press release before the call.

Portfolio Pulse from

November 11, 2024 | 1:45 pm

Reed's has reiterated its financial outlook for FY24, expecting net sales growth, gross margin expansion, and modified EBITDA profitability. The company also anticipates generating positive operating cash flow for FY24.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:39 pm

Reed's (NASDAQ:REED) reported Q2 earnings per share (EPS) of $(0.77), missing the analyst estimate of $(0.15) by a significant margin. However, the company reported sales of $11.87 million, beating the estimate of $11.47 million. Compared to the same period last year, losses improved by 22.22% and sales increased by 18.68%.

Portfolio Pulse from totan@benzinga.com

August 13, 2024 | 8:11 pm

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