REED'S, INC. (REED) [Rocket]

Overview

REED'S, INC. (REED)

Add to portfolio

1m \| 3m \| 6m \| 1y \| 2y \| 5y \| 10y

Recent News + Filings (All items)

Date Filed	Type	Description
10/12/2023	8-K	Quarterly results
09/27/2023	8-K	Shareholder Nominations Pursuant to Exchange Act Rule 14a-11, Other Events  Interactive Data
08/23/2023	S-1/A	Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend]
08/23/2023	S-1/A	Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend]
08/17/2023	RW	Form RW - Registration Withdrawal Request:
08/16/2023	S-1	Form S-1 - General form for registration of securities under the Securities Act of 1933:
08/16/2023	S-1	Form S-1 - General form for registration of securities under the Securities Act of 1933:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	53.0	49.6	41.6	33.8	38.1	37.8	42.5	45.9
Revenue growth	6.9%	19.2%	23.0%	-11.2%	0.8%	-11.0%	-7.6%	5.8%
Cost of goods sold	40.9	36.0	28.8	25.9	27.4	30.9	37.1	39.4
Gross profit	12.1	13.6	12.8	7.9	10.7	6.9	5.3	6.5
Gross margin	22.8%	27.4%	30.7%	23.3%	28.0%	18.2%	12.6%	14.2%
Sales and marketing	7.3	9.7	7.5	9.2	4.9	3.0	3.7	4.9
General and administrative	7.5	8.0	7.0	7.6	8.4	5.8	4.0	4.4
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%
Pre-tax income	-20.1	-16.4	-10.2	-16.1	-10.3	-18.4	-5.0	-4.0
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
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%

Diluted EPS	($9.07)	($8.99)	($0.17)	($0.46)	($0.41)	($1.24)	($0.37)	($0.30)
Shares outstanding (diluted)	2.2	1.8	60.6	35.1	25.4	14.8	13.6	13.1

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.