Zevia Pbc Stock Price, News & Analysis

Zevia PBC reported a record net sales of $39 million for Q3 2021, a 22% increase compared to the previous year. Year-to-date sales reached $104 million, up 27%. Despite the positive sales growth, the company faced a net loss of $49.8 million, largely due to a significant increase in equity-based compensation. Gross profit increased to $17 million, with a 44% gross margin. The company also reported an Adjusted EBITDA loss of $3.5 million.

Zevia PBC (NYSE: ZVIA) reported record net sales of $39 million for Q3 2021, marking a 22% increase year-over-year. Year-to-date sales reached $104 million, up 27% from 2020. Unit volume increased by 26% with gross profit improving to $17 million, representing 44% of net sales. However, the net loss stood at $49.8 million, translating to a $0.75 loss per share, primarily due to $45.7 million in non-cash equity-based compensation. Despite the losses, the company is seeing growth momentum and is focused on sustainability initiatives.

Zevia PBC (NYSE:ZVIA) will announce its third-quarter financial results for the period ending September 30, 2021, prior to the market opening on November 12, 2021. Following the announcement, a conference call will be held at 9:00 a.m. Eastern Time to discuss the results. Investors can access the live webcast through the Investor Relations section of Zevia's website, with a replay available for up to 30 days. Zevia focuses on providing a diverse range of zero sugar, zero calorie beverages and is distributed across over 25,000 retail locations in the U.S. and Canada.

Zevia PBC (NYSE: ZVIA) announced that CEO Paddy Spence and President Amy Taylor will participate in a virtual fireside chat at UBS’ Consumer Disruption Day conference on September 24 at 10:15 a.m. Eastern Time. The webcast will be available on Zevia’s Investor Relations website and a replay will be accessible for 30 days post-event. Zevia specializes in zero sugar beverages made from plant-based ingredients, aiming to combat health issues from sugar consumption. Their products are distributed in over 25,000 retail locations across the U.S. and Canada.

Zevia PBC (NYSE: ZVIA) announced that its CEO, Paddy Spence, will participate in a virtual fireside chat at Cowen’s 2nd Annual Health, Wellness & Beauty Summit on September 14 at 10:00 a.m. ET. The event will be streamed live on Zevia's Investor Relations website and a replay will be available for 30 days after the event. Zevia, a Certified B Corporation, offers a range of zero sugar, zero calorie beverages made from simple, plant-based ingredients, and is distributed across more than 25,000 retail locations in the U.S. and Canada.

Zevia reported second-quarter results for 2021, achieving record net sales of $34.4 million, a 24% increase from Q2 2020. Gross profit rose to $16.2 million, representing 47% of net sales. However, the company reported a net loss of $0.7 million, or $0.30 per share. Selling and marketing expenses increased to $10.7 million, reflecting higher transportation costs. Zevia's IPO on July 26, 2021, raised approximately $139.7 million to fuel future growth while eliminating 3,000 metric tons of sugar from diets through its zero-sugar offerings.

Zevia PBC (NYSE:ZVIA) announced its second quarter financial results will be released after market close on August 12, 2021, followed by a conference call at 5:00 p.m. Eastern Time. Investors can access the webcast via the Investor Relations section of Zevia’s website and a replay will be available for approximately 30 days. Zevia is a certified B Corp offering zero sugar, zero calorie beverages made with plant-based ingredients, distributed in over 25,000 locations in the U.S. and Canada.

Zevia has priced its initial public offering (IPO) of 10,700,000 shares of Class A common stock at $14.00 per share. The shares will begin trading on the New York Stock Exchange under the ticker symbol ZVIA on July 22, 2021, with the offering expected to close around July 26, 2021. Additionally, underwriters have a 30-day option to purchase up to 1,605,000 additional shares. The registration statement for the shares became effective on July 21, 2021, and multiple financial institutions are involved in the offering process.