Zevia Receives Noncompliance Notice From NYSE

7/2/24 4:06:39 PM ET

Beverages (Production/Distribution)

Consumer Staples

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Zevia PBC ("Zevia" or the "Company") (NYSE:ZVIA), today announced that on June 26, 2024, it received notice (the "Notice") from the New York Stock Exchange (the "NYSE") informing the Company that it is no longer in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company's Class A common stock (the "common stock") was less than $1.00 per share over a consecutive 30 trading-day period. The Notice does not result in the immediate delisting of the Company's common stock from the NYSE.

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Recent Analyst Ratings for
$ZVIA

Date	Price Target	Rating	Analyst
7/25/2023	$5.00 → $3.00	Buy → Neutral	Goldman
7/25/2023	$5.00 → $4.00	Outperform → Market Perform	Telsey Advisory Group
2/25/2022	$14.00 → $10.00	Outperform	Telsey Advisory Group
11/15/2021	$11.00	Overweight → Equal-Weight	Wells Fargo
11/15/2021	$15.00 → $14.00	Outperform	Telsey Advisory Group
10/18/2021	$16.00	Buy	Loop Capital
9/30/2021	$15.00	Outperform	Telsey Advisory Group
8/16/2021	$19.00	Overweight	Stephens & Co.

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$ZVIA
Press Releases

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Zevia to Participate in the Stephens Annual Investment Conference
Zevia PBC ("Zevia" or the "Company") (NYSE:ZVIA), today announced its participation in the Stephens Annual Investment Conference to be held November 19-21, 2024 in Nashville, TN. Girish Satya, Zevia's Chief Financial Officer and Principal Accounting Officer, will participate in a fireside chat on Wednesday, November 20, 2024 at approximately 3:00pm ET and management will meet with investors throughout the conference. A live webcast of the presentation will be available on the Investor Relations section of Zevia's website at https://investors.zevia.com/ or directly here during the event. Shortly following the event, a replay of the webcast will be available for approximately ninety (90) da
11/12/24 8:00:00 AM ET
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Beverages (Production/Distribution)
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Zevia Expands Distribution of its Better-For-You Soda into More than 4,300 Walmart Stores' "Modern Soda" Set Nationwide
Zevia, the First Brand to Offer a Naturally Sweetened Alternative to Mainstream Soda and now the #1 Naturally Sweetened Zero Sugar Soda in the US, Increases Distribution to 5x its Current Retail Locations Nationwide LOS ANGELES, Nov. 7, 2024 /PRNewswire/ -- Today, Zevia PBC, the zero sugar, naturally sweetened beverage company, announced it is expanding its Walmart distribution this month from +800 stores to now being available nationally in more than 4,300 locations, an increase of more than five-times current store distribution. Zevia® Soda in Walmart has seen substantial
11/7/24 9:00:00 AM ET
$ZVIA
Beverages (Production/Distribution)
Consumer Staples
Zevia Announces Third Quarter 2024 Results
Net loss improved to $2.8 million and Adjusted EBITDA loss improved to $1.5 million year over year Expands Distribution into 4,300 Walmart Stores Zevia PBC ("Zevia" or the "Company") (NYSE:ZVIA), the Company bringing naturally delicious, zero sugar, clean-label beverages across usage occasions today reported results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net sales of $36.4 million, a decline of $6.7 million year over year Gross profit margin was 49.1%, an improvement of 3.7 percentage points year over year Net loss was $2.8 million, including $1.0 million of non-cash equity-based compensation expense, an improvement of $8.4 million year over y
11/6/24 7:00:00 AM ET
$ZVIA
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$ZVIA
Leadership Updates

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Zevia Announces Appointment of Alexandre Ruberti to Board of Directors
Zevia PBC ("Zevia") (NYSE:ZVIA) today announced the appointment of Alexandre Ruberti to the Company's Board of Directors (the "Board"), effective August 6, 2024. Ruberti joins the Zevia Board currently serving as Managing Director Americas and General Manager USA at Waterdrop®, a mission-driven company focused on disrupting the hydration industry with functional hydration cubes. He has extensive beverage industry experience including 16 years in executive leadership roles at Red Bull serving as Chief Commercial Officer in North America and as President of Red Bull Distribution Company. Mr. Ruberti recently served on the Board of Directors of Celsius Holdings, Inc, from 2021 to 2024. "Al
8/12/24 7:00:00 AM ET
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$ZVIA
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Zevia Appoints Girish Satya as Chief Financial Officer
Zevia PBC ("Zevia" or the "Company") (NYSE:ZVIA), the company disrupting the liquid refreshment beverage industry with great tasting, zero sugar beverages made with simple, plant-based ingredients, today announced the appointment of Girish Satya as Chief Financial Officer (CFO), effective February 21, 2024. Mr. Satya brings to Zevia over 20 years of finance, operations and strategic leadership experience with high-growth consumer businesses. He most recently served as CFO of Backcountry, a leading global direct-to-consumer gear and apparel retailer focused on the outdoor enthusiast market. Florence Neubauer, who effectively led Zevia's Finance function as Interim CFO, will continue with Z
2/20/24 7:00:00 AM ET
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Zevia Appoints Andy Ruben as Lead Independent Director
Zevia PBC ("Zevia" or the "Company") (NYSE:ZVIA), the company disrupting the liquid refreshment beverage industry with great tasting, zero sugar beverages made with simple, plant-based ingredients, today announced that its Board of Directors has appointed Andy Ruben as Lead Independent Director, effective September 20, 2023. Mr. Ruben joined the Company's Board in December 2020 and currently serves as Chair of the Environmental, Social and Governance Committee and is a member of the Nominating and Enterprise Risk Management Committee. Mr. Ruben has extensive experience in consumer-focused businesses encompassing strategy, technology, sustainability, branding and omni-channel retail. He is
9/25/23 7:00:00 AM ET
$ZVIA
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$ZVIA
Financials

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Zevia Announces Third Quarter 2024 Results
Net loss improved to $2.8 million and Adjusted EBITDA loss improved to $1.5 million year over year Expands Distribution into 4,300 Walmart Stores Zevia PBC ("Zevia" or the "Company") (NYSE:ZVIA), the Company bringing naturally delicious, zero sugar, clean-label beverages across usage occasions today reported results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Net sales of $36.4 million, a decline of $6.7 million year over year Gross profit margin was 49.1%, an improvement of 3.7 percentage points year over year Net loss was $2.8 million, including $1.0 million of non-cash equity-based compensation expense, an improvement of $8.4 million year over y
11/6/24 7:00:00 AM ET
$ZVIA
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Zevia to Announce Third Quarter 2024 Results on Wednesday, November 6, 2024
Zevia PBC ("Zevia") (NYSE:ZVIA) today announced that it will release its financial results for the third quarter ended September 30, 2024 before the market open on Wednesday, November 6, 2024 followed by a conference call at 8:30 a.m. Eastern Time to discuss the results. Investors and other interested parties may listen to the webcast of the conference call by logging on via the Investor Relations section of Zevia's website at https://investors.zevia.com/. A replay of the webcast will be available for approximately thirty (30) days following the call at Zevia's website at https://investors.zevia.com/. A copy of the earnings press release and supplemental financial disclosures will also be
10/23/24 8:00:00 AM ET
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Zevia Announces Second Quarter 2024 Results
Net Sales of $40.4 million, exceeding guidance Productivity Initiative now expected to deliver $12 million of annualized savings Zevia PBC ("Zevia" or the "Company") (NYSE:ZVIA), the Company bringing naturally delicious, zero sugar, clean-label beverages across usage occasions today reported results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Net sales of $40.4 million, exceeding guidance Gross profit margin was 41.9%, impacted by inventory write-downs Net loss was $7.0 million, including $1.4 million of non-cash equity-based compensation expense Adjusted EBITDA loss was $4.4 million(1) Loss per share was $0.10 per diluted share to Zevia's
8/7/24 7:00:00 AM ET
$ZVIA
Beverages (Production/Distribution)
Consumer Staples

Zevia Receives Noncompliance Notice From NYSE

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Recent Analyst Ratings for $ZVIA

$ZVIA Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Chief Commercial Officer Debow Greig P. Jr. bought $50,236 worth of shares (23,455 units at $2.14), increasing direct ownership by 109% to 44,951 units (SEC Form 4)

Director Ruehl Julie Garcia bought $15,593 worth of shares (15,000 units at $1.04), increasing direct ownership by 7% to 227,246 units (SEC Form 4)

Director Ruberti Alexandre bought $9,842 worth of shares (10,000 units at $0.98), increasing direct ownership by 12% to 94,091 units (SEC Form 4)

$ZVIA Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Commercial Officer Debow Greig P. Jr. bought $50,236 worth of shares (23,455 units at $2.14), increasing direct ownership by 109% to 44,951 units (SEC Form 4)

Large owner White Pine Llc sold $105,548 worth of shares (97,869 units at $1.08), decreasing direct ownership by 6% to 1,425,598 units (SEC Form 4)

Large owner White Pine Llc sold $45,689 worth of shares (42,823 units at $1.07), decreasing direct ownership by 3% to 1,523,467 units (SEC Form 4)

$ZVIA Large Ownership Changes

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SEC Form SC 13G/A filed by Zevia PBC (Amendment)

SEC Form SC 13G/A filed by Zevia PBC (Amendment)

SEC Form SC 13G/A filed by Zevia PBC (Amendment)

$ZVIA Analyst Ratings

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$ZVIA SEC Filings

Zevia PBC downgraded by Goldman with a new price target

Zevia PBC downgraded by Telsey Advisory Group with a new price target

Telsey Advisory Group reiterated coverage on Zevia with a new price target

SEC Form 10-Q filed by Zevia PBC

Zevia PBC filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Zevia PBC filed SEC Form 8-K: Financial Statements and Exhibits

$ZVIA Market Insights

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Shares of companies within the broader consumer staples sector are trading higher following recent CPI data.