Streetbeat News

REED

Reeds Inc

Employees

Industry

Soft Drink Manufacturing

Open

1.45

Mkt cap

57M

Volume

832

High

1.45

P/E Ratio

-0.34

52-wk high

2.42

Low

1.26

Div yield

N/A

52-wk low

0.51

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

Reed's Inc. reported Q1 earnings with a loss of $(0.40) per share, surpassing the expected $(0.46) loss, marking a 76.47% improvement from last year. However, their sales of $9.60M fell short of the $13.37M forecast, a 14% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:22 pm

Reed's Inc. reported a Q4 2023 GAAP EPS of $(2.07) and sales of $11.700M, missing the analyst consensus estimate of $14.084M by 16.93%. This represents a 22.21% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:39 pm

Insiders at CommScope Holding, Reed's, Socket Mobile, and Beasley Broadcast Group have recently made notable purchases of their companies' stocks, all priced under $3. These transactions may signal insider confidence in the companies' prospects. CommScope Holding's insider bought shares at $1.74, Reed's at $2.04, Socket Mobile at $1.40, and Beasley Broadcast Group at $0.71. Recent financial results were mixed, with CommScope and Reed's reporting positive outcomes, while Socket Mobile and Beasley Broadcast Group reported losses.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 1:47 pm

Reed's reported Q3 losses of $(0.03) per share, beating the analyst consensus estimate of $(0.40) by 92.5%. However, the company's quarterly sales of $11.86 million missed the analyst consensus estimate of $15.38 million by 22.91%. This represents a 1.97% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 10:40 pm

Reed's (NASDAQ:REED) is set to release its latest quarterly earnings report on November 10, 2023. Analysts estimate an earnings per share (EPS) of $-0.40. The company's stock price has historically been affected by its earnings performance and guidance. Last quarter, Reed's beat EPS by $0.33, resulting in an 8.3% increase in share price the next day. However, the stock has been down 50.83% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 2:01 pm

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