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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

REED'S, INC. (REED)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues  53.049.641.633.838.137.842.545.9
            Revenue growth  6.9%19.2%23.0%-11.2%0.8%-11.0%-7.6%5.8%
Cost of goods sold   [+]40.936.028.825.927.430.937.139.4
Gross profit  12.113.612.87.910.76.95.36.5
            Gross margin  22.8%27.4%30.7%23.3%28.0%18.2%12.6%14.2%
Selling, general and administrative   [+]14.817.614.516.713.38.87.79.2
Other operating expenses  12.111.96.96.05.39.9  
EBITDA   [+]-14.7-15.8-8.5-14.8-7.8-11.2-1.9-1.8
            EBITDA margin  -27.8%-31.9%-20.5%-43.7%-20.4%-29.6%-4.5%-3.9%
Depreciation  0.10.10.10.10.10.60.40.9
EBITA  -14.8-16.0-8.6-14.9-7.9-11.7-2.3-2.7
            EBITA margin  -28.0%-32.2%-20.7%-43.9%-20.7%-31.1%-5.5%-5.9%
Amortization of intangibles      0.0   
EBIT   [+]-14.8-16.0-8.6-14.9-7.9-11.7-2.3-2.7
            EBIT margin  -28.0%-32.2%-20.7%-43.9%-20.7%-31.1%-5.5%-5.9%
Non-recurring items   [+]    0.2 0.5 
Interest expense  5.21.21.31.32.23.52.01.2
Other income (expense), net   [+] 0.8-0.30.00.0-3.1-0.2 
Pre-tax income  -20.1-16.4-10.2-16.1-10.3-18.4-5.0-4.0
Income taxes  0.00.00.00.00.00.00.00.0
            Tax rate  0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net income  -20.1-16.4-10.2-16.1-10.3-18.4-5.0-4.0
            Net margin  -37.8%-33.1%-24.5%-47.7%-27.1%-48.6%-11.8%-8.6%
   
Basic EPS   [+]($9.07)($8.99)($0.17)($0.46)($0.41)($1.24)($0.37)($0.30)
Diluted EPS   [+]($9.07)($8.99)($0.17)($0.46)($0.41)($1.24)($0.37)($0.30)
   
Shares outstanding (basic)   [+]2.21.860.635.125.414.813.613.1
Shares outstanding (diluted)   [+]2.21.860.635.125.414.813.613.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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