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) will participate in the Lytham Partners Summer 2022 Investor Conference on June 22, 2022. The virtual presentation is set for June 21, 2022, at 9:00 am ET and will be accessible online for 90 days. CEO Norman Snyder and CFO Tom Spisak will hold one-on-one meetings with registered attendees. Reed's is recognized as the leader in all-natural ginger beverages, with products sold in over 45,000 stores nationwide. The company has been expanding its product offerings, including zero-sugar options.
Reed’s, Inc. (NASDAQ: REED) reported Q1 2022 financials, showing a slight net revenue increase to $12.2 million from $12.1 million year-over-year. However, gross profit declined to $2.9 million with a gross margin of 24.1%, down from 31.7% due to rising input costs. Operating expenses fell to $7.1 million, leading to an operating loss of $(4.2) million. The company anticipates 20-25% sales growth for 2022, despite current challenges, and expects improved gross margins as cost-saving measures take effect.
Reed’s, Inc. (NASDAQ: REED) announced a successful private placement of senior secured convertible notes totaling $11.25 million. The notes feature a 10% coupon, maturing on May 9, 2025, and are convertible into stock at approximately $0.24 per share. The company plans to use the proceeds primarily to repay debt and support working capital. An additional $12 million can be drawn in the future. CEO Norman E. Snyder expressed optimism about achieving positive cash flow by late 2023 amidst ongoing business momentum.
Reed's, Inc. (NASDAQ: REED) will host a conference call on May 16, 2022, at 5:00 p.m. Eastern time to discuss its Q1 financial results for 2022. The call will include a presentation by management and a question-and-answer session afterward. Interested participants can dial in using the toll-free number (844) 850-0544 or join via the webcast available on the company's investor relations website. Reed's specializes in handcrafted, all-natural ginger beverages and has expanded its product line to include zero-sugar options.
Reed’s, Inc. (NASDAQ: REED) reported a 19% increase in FY 2021 net revenue, reaching $49.6 million, with Q4 2021 revenue up 20% to $12.8 million. However, gross profit fell to $13.6 million, with margin decreasing to 27.4%. The company recorded an operating loss of $(15.9) million. Looking ahead, Reed’s expects 2022 net sales between $59-$62 million and a gross margin of 30%. The company is initiating cost-saving strategies to mitigate increased supply chain costs. A conference call will be held on March 31, 2022, to discuss these results.
Reed’s, Inc. (NASDAQ: REED) announced a conference call scheduled for March 31, 2022, at 5:00 p.m. Eastern time to discuss its financial results for the year ending December 31, 2021. Key details include the toll-free dial-in number (844) 850-0544 and the conference ID 10164980. The call will be accessible live and for replay on the company’s investor relations website. Reed’s is recognized as a leader in natural ginger beverages, with products available in over 45,000 stores nationwide.
NORWALK, Conn., March 14, 2022 – Reed’s, Inc. (NASDAQ:REED) closed a private placement with institutional and accredited investors, raising $5.4 million by issuing 18,594,571 shares and warrants for an additional 9,297,289 shares. Officers and directors bought approximately $1.1 million of the offering. Shares sold for $0.28 each, while officers purchased at $0.3502. The warrants, exercisable at $0.2877, are valid for five years. Proceeds will be used for working capital and corporate purposes. Roth Capital Partners acted as the placement agent.
Reed's, Inc. (NASDAQ:REED) has secured approximately $5.3 million through a private placement, issuing about 18 million shares of common stock and warrants to purchase an additional 9 million shares. The offering includes significant commitments from company officers, totaling $1.1 million. Shares were priced at $0.28 for investors and $0.3502 for officers. Proceeds will be utilized for working capital and general corporate purposes. The offering is anticipated to close around March 11, 2022.
Reed's, Inc. reported a 19% increase in Q4 2021 net revenue, reaching approximately $12.7 million. For the full year, net revenue also rose 19% to about $49.6 million. The company anticipates 2022 net sales between $59-$62 million with a 30% gross margin. Despite challenges like higher packaging costs and inflation impacting gross margin, Reed's celebrated ongoing growth in ginger beverages, especially through its Reed's Classic Mule product. Management is optimistic about implementing cost-saving measures and improving margins moving forward.
Reed’s Inc. (NASDAQ: REED) announced plans to distribute 16 new SKUs to Sprouts Farmers Market (NASDAQ: SFM) across all 376 stores nationwide, starting in Q2 2022. This partnership expands from the successful launch of Reed’s Ginger Ale and Ginger Beer in 2021. The new offerings include various flavors of Reed’s Zero Sugar Ginger Ale and Virgil’s beverages. CEO Norman E. Snyder expressed enthusiasm about providing high-quality products aligned with Sprouts’ commitment to natural ingredients.