Welcome to our dedicated page for Zevia Pbc news (Ticker: ZVIA), a resource for investors and traders seeking the latest updates and insights on Zevia Pbc stock.
Zevia PBC (NYSE: ZVIA) delivers innovative, zero-calorie beverages sweetened naturally with stevia, serving health-conscious consumers through sodas, energy drinks, and organic teas. This news hub provides official updates on corporate developments, financial performance, and product innovations from the industry-leading better-for-you beverage company.
Access timely announcements including quarterly earnings reports, strategic partnerships, new flavor launches, and sustainability initiatives. Investors will find essential updates on operational milestones while consumers discover information about product availability and nutritional advancements.
All content is sourced directly from Zevia's corporate communications, ensuring accuracy for stakeholders tracking this Certified B Corporation's progress in redefining the beverage industry. Bookmark this page for verified updates on ZVIA's market expansion and commitment to reducing sugar consumption through innovative formulations.
Zevia PBC (NYSE:ZVIA) has announced that it will release its financial results for the second quarter ended June 30, 2024, on Wednesday, August 7, 2024, before the market opens. This will be followed by a conference call at 8:30 a.m. Eastern Time to discuss the results. Investors and interested parties can listen to the webcast of the conference call through the Investor Relations section of Zevia's website. A replay of the webcast will be available for approximately 30 days following the call. Additionally, a copy of the earnings press release and supplemental financial disclosures will be accessible on Zevia's investor relations website.
Zevia PBC (NYSE: ZVIA) announced it received a notice from the NYSE on June 26, 2024, indicating non-compliance with Section 802.01C due to its stock price averaging below $1.00 over 30 trading days. This notice doesn't result in immediate delisting. Zevia plans to reaffirm its intent to cure the deficiency within 10 business days and is considering options to regain compliance during a six-month cure period. Compliance can be regained if the closing share price reaches at least $1.00 at the end of any calendar month within this period. The notice doesn't impact Zevia's current listing, trading status, business operations, or SEC reporting requirements.
Zevia announced its first quarter 2024 results, highlighting a 10.4% decrease in net sales and unit volume, a gross profit margin of 45.7%, and a net loss of $7.2 million. The company reported a focused productivity initiative targeting cost benefits of $8-$12 million annually, amidst challenges faced in 2023. Zevia aims to re-energize growth in the latter part of the year by launching regional direct-store-delivery partnerships and driving towards profitability.
Zevia, a leading producer of zero sugar beverages, will be participating in two upcoming investor conferences, the Goldman Sachs Global Staples Forum, and the BMO Global Farm to Market Conference. President Amy Taylor and CFO Girish Satya will present at these events, providing insights into the company's growth strategies and financial performance.
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