Reed's, Inc. engages in the manufacture and distribution of carbonated and non-carbonated beverages. The company is headquartered in Norwalk, Connecticut and currently employs 24 full-time employees. The company went IPO on 2006-12-29. These outlets include the natural and specialty food channel, grocery stores, mass merchants, drug stores, convenience stores, club stores, liquor stores, and on-premises locations including bars and restaurants. The firm provides craft beverages under the Reed’s, Virgil’s, and Flying Cauldron brand names. Reed’s portfolio includes ginger beers, ginger ales, ready-to-drink ginger mules and hard ginger ales. The Virgil's brand offers an array of flavored sodas, including Root Beer, Vanilla Cream, Black Cherry, Orange Cream, and more. These flavors are also available in five zero-sugar varieties. Flying Cauldron is a non-alcoholic butterscotch beer. Reed’s Craft Ginger Beer line includes varieties with a mix of bottles and cans, including Reed’s Original Ginger Beer, Reed’s Premium Ginger Beer, Reed’s Extra Ginger Beer, Reed’s Zero Sugar Extra Ginger Beer, and others.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenue
36
37
44
53
49
41
Revenue Growth (YoY)
-20%
-16%
-17%
8%
20%
24%
Cost of Revenue
26
26
33
40
36
28
Gross Profit
9
11
11
12
13
12
Selling, General & Admin
16
13
10
14
17
14
Research & Development
--
--
--
--
--
--
Operating Expenses
22
19
19
26
29
21
Other Non Operating Income (Expenses)
0
0
--
--
--
--
Pretax Income
-16
-13
-15
-20
-16
-10
Income Tax Expense
--
--
--
--
--
--
Net Income
-16
-13
-15
-20
-16
-10
Net Income Growth
33%
-13%
-25%
25%
60%
-38%
Shares Outstanding (Diluted)
7.72
1.34
0.58
0.36
0.3
0.2
Shares Change (YoY)
1,007%
127%
60%
21%
50%
73%
EPS (Diluted)
-2.11
-9.81
-26.33
-54.42
-53.95
-50.35
EPS Growth
-89%
-63%
-52%
1%
7%
-64%
Free Cash Flow
-13
-6
-4
-15
-17
-9
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
25%
29.72%
25%
22.64%
26.53%
29.26%
Operating Margin
-33.33%
-21.62%
-15.9%
-26.41%
-30.61%
-19.51%
Profit Margin
-44.44%
-35.13%
-34.09%
-37.73%
-32.65%
-24.39%
Free Cash Flow Margin
-36.11%
-16.21%
-9.09%
-28.3%
-34.69%
-21.95%
EBITDA
-12
-8
-7
-14
-15
-8
EBITDA Margin
-33.33%
-21.62%
-15.9%
-26.41%
-30.61%
-19.51%
D&A For EBITDA
0
0
0
0
0
0
EBIT
-12
-8
-7
-14
-15
-8
EBIT Margin
-33.33%
-21.62%
-15.9%
-26.41%
-30.61%
-19.51%
Effective Tax Rate
--
--
--
--
--
--
Follow-Up Questions
What are Reed's Inc's key financial statements?
According to the latest financial statement (Form-10K), Reed's Inc has a total asset of $25, Net loss of $-13
What are the key financial ratios for REED?
Reed's Inc's Current ratio is 1.38, has a Net margin is -35.13, sales per share of $27.6.
How is Reed's Inc's revenue broken down by segment or geography?
Reed's Inc largest revenue segment is Natural Hand-crafted Beverages, at a revenue of 44,711,000 in the most earnings release.For geography, Global is the primary market for Reed's Inc, at a revenue of 44,711,000.
Is Reed's Inc profitable?
no, according to the latest financial statements, Reed's Inc has a net loss of $-13