Welcome to our dedicated page for Reeds news (Ticker: REED), a resource for investors and traders seeking the latest updates and insights on Reeds stock.
Reed’s, Inc. (REED) generates a steady flow of company news through earnings releases, financing announcements, leadership updates and stock‑market related developments. As the owner of the Reed’s, Virgil’s and Flying Cauldron beverage brands, the company regularly reports on its progress in the natural and premium soft drink category, including ginger‑based beverages and craft sodas.
On this page, readers can follow REED news tied to quarterly and year‑to‑date financial results, where Reed’s discusses net sales, gross profit, operating expenses, liquidity and non‑GAAP metrics such as Modified EBITDA. These updates often include commentary on inventory actions, product portfolio optimization and changes in delivery, handling and marketing costs.
Reed’s also issues news about capital markets activity, such as private placements, underwritten public offerings of common stock and warrants, and its uplisting from the OTCQX Best Market to the NYSE American exchange. Related Form 8‑K filings and press releases describe how proceeds are intended to support growth initiatives, working capital and general corporate purposes.
Investors tracking REED can see organizational and governance developments, including corporate reorganizations, amendments to loan agreements, changes to bylaws, reverse stock split actions and the appointment or transition of key executives. Announcements introducing new leadership in marketing and operations provide additional context on the company’s commercial strategy and brand focus.
By reviewing the news feed for Reed’s, Inc., users can monitor how the company communicates its financial performance, financing decisions, strategic priorities and leadership changes over time. This page offers a centralized view of REED‑related headlines drawn from official press releases and SEC‑referenced announcements.
Reed’s Inc. (Nasdaq: REED) announced preliminary unaudited revenue for Q4 and full year 2020, projecting Q4 net sales at approximately $10.3 million, reflecting a 44% increase year-over-year and 22% sequential growth. For the entire year, net sales are estimated at $41.3 million, a 22% rise from $33.8 million in 2019. CEO Norman E. Snyder highlighted the brand's resilience amidst pandemic challenges, indicating strong support and future opportunities.
Reed’s Inc. (Nasdaq: REED) has successfully closed its public offering of 21,562,500 shares at $0.56 each, generating approximately $12.1 million in gross proceeds. The offering saw participation from Reed's Board and management, investing around $625,000. The funds will be used primarily to pay down $4.6 million of senior credit and $4.25 million of the Raptor Note, with the remainder allocated for working capital and corporate purposes. The CEO expressed confidence in the company's growth trajectory, stating the offering bolsters the balance sheet for future opportunities.
Reed’s Inc. (Nasdaq: REED) has announced a public offering of 18.75 million shares at $0.56 per share, aiming for gross proceeds of approximately $10.5 million. The offering includes an additional option for underwriters to purchase 2.81 million shares. The funds will be used to repay $4.6 million under a senior credit facility and $4.25 million for a secured convertible note, with remaining proceeds allocated for working capital and general corporate purposes. The offering is expected to close on November 24, 2020, pending customary conditions.
Reed’s Inc. (NASDAQ: REED) announced an underwritten public offering of common stock, with a 45-day option for underwriters to purchase additional shares. The offering's completion and terms are uncertain. Proceeds will be used to repay approximately $4.6 million under its senior credit facility and $4.0 million under the Subordinated, Convertible, Non-Redeemable Secured Note, with remaining funds allocated for working capital. Roth Capital Partners acts as the sole book-running manager. A shelf registration statement for the shares has been filed with the SEC.
Reed’s Inc. (NASDAQ: REED) announced its financial guidance for fiscal 2021, projecting net sales of $45.8 million to $46.6 million with a gross margin of 32% to 33%. This is an increase from the updated 2020 guidance of approximately $40.1 million to $40.3 million in net sales and a gross margin of about 30%. Recent retail data highlighted a remarkable 49.4% increase in sales for the Reed’s brand and 27.5% for Virgil’s in the four weeks ending October 4, 2020. Year-to-date growth stands at 33.2% for Reed’s and 23.0% for Virgil’s.
Reed’s Inc. (NASDAQ: REED) is the presenting sponsor of the inaugural World's Best Turkey Trot, a virtual running event taking place from November 25-28, 2020. Participants can engage in a 1M, 5K, or 10K race from anywhere, submitting their tracked results online. A portion of the proceeds will support the World Food Program USA. Each runner will receive a race kit that includes a finisher medal and t-shirt. Additionally, Reed’s is hosting a sweepstakes offering prizes to participants. The initiative aims to bring families together while promoting health and wellness during the holiday season.
Reed’s Inc. (NASDAQ: REED) announces its sponsorship of the inaugural World's Best Turkey Trot, a virtual race happening from November 25-28, 2020. The event includes 1M, 5K, and 10K options, encouraging families to participate from anywhere. Proceeds will support the World Food Program USA through Charity Miles. Participants will receive a race kit and have the chance to win additional prizes. The initiative aims to create a new Thanksgiving tradition while promoting wellness through Reed’s ginger products.
Reed’s Inc. (Nasdaq:REED) reported a 21% increase in net sales for Q3 2020, reaching $10.6 million, up from $8.7 million in Q3 2019. Gross profit rose 35% to $3.4 million, with gross margin improving to 32%. The operating loss narrowed to $2.3 million, and net loss decreased to $2.6 million, or $0.04 per share. The company increased its fiscal 2020 net sales guidance from 10% to 19%. Strong volume growth, particularly in the Reed’s brand, and successful product innovations contributed to these results. However, uncertainties related to COVID-19 persist.
Reed's Inc. (Nasdaq: REED) will announce its third quarter financial results for the period ending September 30, 2020, after market close on November 9, 2020. A conference call for analysts and investors will follow at 4:30 PM ET, accessible via Reed's investor website. Reed's is known for its leading range of handcrafted, all-natural beverages, including the top-selling Ginger Beer brand in America. The call will also be available for replay on the company’s website for approximately 90 days.
Reed's Inc. (NASDAQ: REED) has launched the limited-edition “Ginger All the Way Box”, perfect for the holiday season. This box features a selection of popular products that include:
- Real Ginger Ale (Original & Zero Sugar)
- Wellness Ginger Shots (Daily Ginger & Ginger Energize)
- Craft Ginger Candy Chews
The holiday box retails at $19.99 and is designed to deliver fresh ginger goodness to consumers across the nation, reflecting the brand’s commitment to wellness and flavor.