Zevia PBC develops and sells zero-sugar, zero-calorie, naturally sweetened beverages under the Zevia brand. The Delaware public benefit corporation and Certified B Corporation offers clean-label beverage categories that include soda, energy drinks, organic tea, mixers, Kidz drinks and sparkling water, with distribution in the United States and Canada through grocery, drug, warehouse club, mass, natural, convenience and e-commerce channels.
Zevia news commonly covers quarterly and annual results, volume trends by retail channel, gross margin and adjusted EBITDA disclosures, product innovation, packaging and marketing initiatives, distribution expansion, brand partnerships, investor-conference participation and board governance changes.
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.