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Reeds Inc - REED STOCK NEWS

Welcome to our dedicated news page for Reeds (Ticker: REED), a resource for investors and traders seeking the latest updates and insights on Reeds.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Reeds's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Reeds's position in the market.

News
Reed’s Reports Fourth Quarter and Full Year 2023 Results and Issues 2024 Financial Outlook
Rhea-AI Summary
Reed's, Inc. reports financial results for Q4 and FY 2023, showcasing improvements in operating expenses and profitability. Despite lower net sales, the company saw a significant increase in adjusted gross profit and reduction in delivery costs. The CEO highlights strategic initiatives to drive growth and profitability in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.07%
Tags
earnings
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News
Reed’s Schedules Fourth Quarter and Full Year 2023 Conference Call for March 28 at 5:00 p.m. ET
Rhea-AI Summary
Reed's, Inc. will host a conference call to discuss its financial results for the three and twelve months ended December 31, 2023. The call will take place on March 28, 2024, at 5:00 p.m. Eastern time, with a question-and-answer period. Investors can dial in or join via webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.39%
Tags
none
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News
Reed’s Announces Limited Waiver and Amendment with its Secured Note Holder, Closing of a $3.8 Million SAFE and Planned Rights Offering to Stockholders
Rhea-AI Summary
Reed's, Inc. strengthens its capital structure and balance sheet by securing up to $6 million of new equity capital through a Limited Waiver, Deferral, and Amendment agreement with its senior secured convertible note holders. The company closed on a $3.8 million SAFE with certain stockholders and affiliates, intending to use the proceeds as a backstop to a planned public offering. Reed's CEO, Norman E. Snyder, highlights the company's strong finish in 2023, despite non-cash inventory write-downs, and anticipates reporting a second consecutive quarter of modified EBITDA profitability for Q4. The capital infusion will support Reed's growth and profitability objectives in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.43%
Tags
none
News
Federman & Sherwood Announces Investigation Into Reeds, Inc.
Rhea-AI Summary
Federman & Sherwood Investigates Reeds, Inc. (Ticker: REED) for Stock Trading and Public Disclosures
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.82%
Tags
none
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News
Reed’s Reports Third Quarter 2023 Results
Rhea-AI Summary
Reed's, Inc. (OTCQX: REED) reported Q3 2023 financial results with net sales at $11.9 million, gross profit up 66% to $4.0 million, gross margin at 34.0%, delivery and handling costs reduced by 15%, and operating loss improved to $0.1 million. Modified EBITDA turned positive at $0.2 million. Management revised 2023 net sales guidance to $45-47 million due to inventory challenges but expects to maintain modified EBITDA profitability and exceed $6 million in operating expense reductions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.17%
Tags
earnings
-
News
Reed’s Schedules Third Quarter 2023 Conference Call for November 10 at 8:30 a.m. ET
Rhea-AI Summary
Reed's, Inc. will host a conference call on November 10, 2023, to discuss its financial results for Q3 2023. The call will be followed by a Q&A session. The conference call details are as follows: Date: November 10, 2023, Time: 8:30 a.m. Eastern time, Toll-free dial-in number: (844) 850-0544, International dial-in number: (412) 542-4115, Conference ID: 10184105. The call will also be available for replay on the investor relations section of the Company's website at https://investor.reedsinc.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.72%
Tags
earnings
News
Reed’s Appoints Joann Tinnelly as Chief Financial Officer
Rhea-AI Summary
Reed's, Inc. announces the transition of Joann Tinnelly to permanent Chief Financial Officer. Tinnelly, who has been serving as Interim CFO since March 2023, brings over 30 years of finance and accounting experience to the role. The CEO expresses excitement about Tinnelly's appointment and highlights her qualifications and contributions to the company's financial goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.41%
Tags
management
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News
Reed’s Reports Second Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.3%
Tags
earnings
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News
Reed’s Schedules Second Quarter 2023 Conference Call for August 10 at 5:00 p.m. ET
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.73%
Tags
earnings
News
Reed’s Announces Partnership with Stockperks to Reward Retail Investors
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4%
Tags
partnership
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Reeds Inc

OTC:REED

REED Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

REED Stock Data

6.55M
1.96M
39.33%
19.38%
4.27%
Soft Drink Manufacturing
Manufacturing
Link
United States
Norwalk