Reeds Stock Price, News & Analysis

Reed's (OTCQX: REED) has launched a new Multifunctional Soda Line featuring four innovative flavors: Berry Bubbly, Strawberry Vanilla, Root Beer, and Lemongrass Ginger. The new product line combines fresh, organic ginger with functional ingredients including prebiotic fiber, adaptogenic mushrooms, turmeric, and black pepper.

Each beverage contains only 5g of organic cane sugar per can, 30-45 calories, and 2000-5000mg of organic ginger content. The drinks are designed for health-conscious consumers, featuring beneficial ingredients like Reishi, Cordyceps, Lion's Mane, Chaga, and Turkey Tail mushrooms. The new line is currently available at Sprouts Farmers Market stores nationwide, with expanded retail distribution planned.

Reed's, the leading maker of handcrafted natural ginger beverages, has scheduled its first quarter 2025 earnings conference call for May 14, 2025, at 8:30 a.m. ET. The company will release its financial results for the period ending March 31, 2025, before the call.

Investors and analysts can join via:

• Toll-free number: (800) 717-1738
• International number: (646) 307-1865
• Conference ID: 02852

Participants are advised to dial in 5-10 minutes before the start time. The call will include a management presentation followed by a Q&A session. A live webcast will be available on the investor relations section of Reed's website at https://investor.reedsinc.com. For technical assistance, investors can contact the IR team at (720) 330-2829.

Reed's Inc. (OTCQX: REED), the leading natural ginger beverages company, has announced significant leadership changes. Cyril Wallace has been appointed as the new CEO and Director, replacing retiring Norman E. Snyder, Jr. Wallace brings over 20 years of leadership experience from PepsiCo, where he managed a $3.2 billion territory as Vice President and General Manager.

Additionally, Ruud Bakker joins the Board of Directors, bringing 25+ years of global beverage industry experience from companies like Red Bull, Diageo, and Heineken. Bakker is also the founder of Purple Fox Studios, a beverage innovation incubator.

The outgoing CEO Snyder served for five years, helping stabilize and revitalize the company through COVID-19 challenges by restructuring operations and optimizing costs.

Reed's Inc. (OTCQX: REED), a leading natural ginger beverage company, has released corrected financial results for Q4 and full year 2024. The correction includes a $750,000 provision for vendor contract proceedings.

Key Q4 2024 metrics show net sales of $9.7M (down from $11.7M in Q4 2023), while gross profit increased significantly to $2.9M with a 30.0% margin. The company reduced delivery costs by 10% to $3.00 per case.

For FY 2024, Reed's reported net sales of $38.0M (compared to $44.7M in 2023), with gross profit up 18% to $11.4M and improved gross margin of 30.0%. The company secured notable distribution gains across major retailers including Kroger, Albertsons/Safeway, and Costco.

Recent developments include strengthening the leadership team with a new CFO and VP of Operations, plus a successful $10M private placement. Reed's plans to launch a new multi-functional beverage line in April with over 8,000 secured distribution points.

Reed's Inc. (OTCQX: REED), a natural ginger beverage company, reported Q4 2024 financial results with net sales of $9.7M, down from $11.7M in Q4 2023. Despite lower sales, gross profit increased significantly to $2.9M (30% margin) compared to $0.5M (4% margin) in Q4 2023.

For full-year 2024, net sales were $37.9M versus $44.7M in 2023, while gross profit rose 18% to $11.4M. The company improved its financial position by closing a $10M private placement and restructuring convertible debt. Operating loss improved to $7.4M from $9.4M in 2023.

Notable achievements include expanded retail distribution across major chains like Kroger and Costco, new executive appointments, and plans to launch a multi-functional beverage line in April with 8,000 secured distribution points. The company ended 2024 with $10.4M in cash and $9.6M in total debt, compared to $0.6M cash and $27.4M debt at the end of 2023.

Reed's Inc. (OTCQX: REED), the leading natural ginger beverages portfolio owner, has announced its upcoming Fourth Quarter and Full Year 2024 financial results conference call. The event is scheduled for Wednesday, March 26, 2025, at 8:30 a.m. Eastern time.

The company will release its financial performance report for the three and twelve months ended December 31, 2024, prior to the call. Investors can participate through:

• Toll-free number: (800) 717-1738
• International dial-in: (646) 307-1865
• Conference ID: 31278

Participants are advised to dial in 5-10 minutes before the start time. The call will include a management presentation followed by a Q&A session. A live webcast and replay will be available on the investor relations section at investor.reedsinc.com.

Reed's Inc. (OTCQX: REED) announced key leadership changes effective February 10, 2025. Douglas McCurdy has been appointed as Chief Financial Officer (CFO), replacing Joann Tinnelly, who will transition to Chief Accounting Officer (CAO). Additionally, Salvatore Vassallo joins as Vice President of Operations.

McCurdy brings decades of finance and operational experience, having served as CFO and COO for multiple early-stage growth companies including REZI, Torrential, and BBE. He previously held positions at Banc of America Securities and served as a Lieutenant in the US Navy. Vassallo, joining from Boylan Bottling Co., brings extensive experience in supply chain optimization and inventory management, with previous roles at Ferrero, Snapple Beverages, and Henkel.

CEO Norman E. Snyder expressed confidence that these leadership changes, combined with the company's strengthened balance sheet, will support Reed's growth and profitability objectives for 2025.

Reed's Inc. (OTCQX: REED), a leading natural ginger beverages company, has announced the closing of a $10 million private placement investment (PIPE) on December 30, 2024. The company sold approximately 14.7 million shares of common stock at $0.68 per share, representing a premium to the closing stock price.

The capital raised will be allocated to strategic initiatives including personnel and marketing investments, potential M&A opportunities, strategic partnerships, and international expansion. CEO Norman E. Snyder, Jr. stated that this financing supports their growth strategy and aims to create long-term shareholder value, with a goal of achieving sustainable growth and profitability in 2025.

Reed's, the leading producer of natural ginger beverages, has announced its participation in the upcoming Sidoti Conference, scheduled for December 4-5, 2024. The company's management team will be available for one-on-one meetings on December 4, with a virtual presentation set for 1:00 p.m. ET on the same day.

Interested parties can register to view the on-demand presentation through the Sidoti website, where they can also schedule individual meetings with Reed's team. Additional inquiries can be directed to Reed's investor relations team.