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Last $6.39 USD
Change Today +0.04 / 0.63%
Volume 47.9K
REED On Other Exchanges
Symbol
Exchange
NYSE Amex
Berlin
As of 4:15 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

reed's inc (REED) Snapshot

Open
$6.35
Previous Close
$6.35
Day High
$6.48
Day Low
$6.28
52 Week High
11/7/14 - $7.64
52 Week Low
07/16/14 - $4.85
Market Cap
83.6M
Average Volume 10 Days
23.1K
EPS TTM
$-0.06
Shares Outstanding
13.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for REED'S INC (REED)

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reed's inc (REED) Details

Reed’s, Inc., together with its subsidiaries, develops, manufactures, markets, and sells natural non-alcoholic carbonated soft drinks, Kombucha, candies, and ice creams in the United States, Canada, Europe, and Asia. The company’s products include Reed’s ginger brews, Virgil’s root beer, cream sodas, and real cola; Dr. Better products, such as ZERO diet sodas; Culture Club Kombucha, a fermented tea; China colas; ginger chews; and Reed’s ginger ice creams; Sonoma Sparkler sparkling juices; and coconut water, yogurt, and fresh juices. It also designs and manufactures sparkling juices, waters, and teas. The company sells its products to specialty gourmet and natural food stores, supermarket chains, retail stores, and restaurants through distributors; internal sales force; and independent sales representatives. The company was formerly known as Original Beverage Corporation and changed its name to Reed’s, Inc. in 2001. Reed’s, Inc. was founded in 1987 and is based in Los Angeles, California.

82 Employees
Last Reported Date: 03/26/15
Founded in 1987

reed's inc (REED) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $247.0K
Compensation as of Fiscal Year 2014.

reed's inc (REED) Key Developments

REEDS, Inc. Presents at 5th LD Micro Invitational Conference, Jun-02-2015 05:30 PM

REEDS, Inc. Presents at 5th LD Micro Invitational Conference, Jun-02-2015 05:30 PM. Venue: Luxe Sunset Boulevard Hotel, 11461 Sunset Blvd, Los Angeles, CA 90049, United States.

Reed's, Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Provides Sales Guidance for the Full Year of 2015

Reed's, Inc. reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s sales were $10,672,000 compared to $8,950,000 a year ago. Loss from operations was $71,000 compared to $32,000 a year ago. Net loss was $271,000 or $0.02 per basic and diluted share compared to $220,000 or $0.02 per basic and diluted share a year ago. EBITDA increased $106,000 versus the March 31, 2014, quarter since EBITDA adjustments totaling $157,000 for the quarter ended March 31, 2015, were greater than the $51,000 increase in the quarterly net loss. Net cash used in operating activities of $458,000 for the three months ended March 31, 2015, was primarily due to the operating loss, plus an increase in inventory levels of $2,048,000, partially offset by accounts payable increase of $1,267,000 and other balance sheet activities. Purchase of property and equipment was $351,000 compared to $73,000 a year ago. Adjusted EBITDA improved to $354,000 versus $106,000 in the first quarter of 2014. For the full year of 2015, the company's net sales target is $50 million with moderate profitability. The forecast does not include anticipated improvements in net income from the plant modernization program that is anticipated to lower labor costs and result in lower cost of goods sold in the second half of 2015.

Reed's, Inc. Announces Management Changes

Reed's, Inc. announced the appointment of Daniel Miles to the role of Chief Financial Officer and Mark Costa to the role of Director of Operations. Mr. Costa's role is a newly created position and will report directly to Chief Operating Officer Mark Beaton. Dan Miles is a licensed CPA in the State of California who started with Ernst & Young and progressed through financial managerial roles within the beverage industry and other local business enterprises. Dan and Mark Beaton, Reed's Chief Operating Officer, previously worked together at the Pepsi Bottling Group on projects that included the expansion of existing facilities and the extension of new production sites. Recently Dan held the position of interim Chief Financial Officer for the Port of Long Beach and worked for the Central Basin Municipal Water District where he led the production of both the annual budget and the reporting of the results of those enterprises. Dan Miles will begin serving in the role of Chief Financial Officer on May 12, 2015. Larry Tomsic will remain with the company through the end of May 2015 to assist with the transition of Dan Miles into his new role.

 

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Industry Analysis

REED

Industry Average

Valuation REED Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.8x
Price/Book 23.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.6x
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