Reed's, Inc. develops, manufactures, and sells natural hand-crafted beverages in the craft specialty foods industry in the United States, Canada, Asia, Europe, Australia, and South America. Its products include Reed's craft ginger beers; Virgil's craft sodas; Ginger Candy; and Virgil's zero sugar sodas. Reed's, Inc. sells its products to natural food and gourmet retailers, grocery store chains, mass merchants, club stores, convenience and drug stores, liquor stores, industrial cafeterias, and on-premise bars and restaurants through distributors and independent distributor partners, as well as directly. 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 headquartered in Norwalk, Connecticut.
IPO Year:
Exchange: NASDAQ
Website: drinkreeds.com
8-K - REED'S, INC. (0001140215) (Filer)
DEF 14C - REED'S, INC. (0001140215) (Filer)
PRE 14C - REED'S, INC. (0001140215) (Filer)
8-K - REED'S, INC. (0001140215) (Filer)
10-Q - REED'S, INC. (0001140215) (Filer)
8-K - REED'S, INC. (0001140215) (Filer)
8-K - REED'S, INC. (0001140215) (Filer)
8-K - REED'S, INC. (0001140215) (Filer)
8-K - REED'S, INC. (0001140215) (Filer)
8-K - REED'S, INC. (0001140215) (Filer)
SC 13D/A - REED'S, INC. (0001140215) (Subject)
SC 13D/A - REED'S, INC. (0001140215) (Subject)
SC 13G/A - REED'S, INC. (0001140215) (Subject)
SC 13G - REED'S, INC. (0001140215) (Subject)
SC 13G/A - REED'S, INC. (0001140215) (Subject)
SC 13D/A - REED'S, INC. (0001140215) (Subject)
SC 13D/A - REED'S, INC. (0001140215) (Subject)
SC 13D/A - REED'S, INC. (0001140215) (Subject)
SC 13D/A - REED'S, INC. (0001140215) (Subject)
SC 13D/A - REED'S, INC. (0001140215) (Subject)
4 - REED'S, INC. (0001140215) (Issuer)
4 - REED'S, INC. (0001140215) (Issuer)
4 - REED'S, INC. (0001140215) (Issuer)
4 - REED'S, INC. (0001140215) (Issuer)
4 - REED'S, INC. (0001140215) (Issuer)
4 - REED'S, INC. (0001140215) (Issuer)
4 - REED'S, INC. (0001140215) (Issuer)
Strengthened Liquidity Position with New $10 Million Credit Facility and Assumption of Secured Notes by the Company's Majority Stockholder Management to Host Conference Call Today at 8:30 a.m. ET NORWALK, Conn., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, is reporting financial results for the three months ended September 30, 2024. The Company is also providing an update on recent strategic transactions, including the assumption of outstanding secured notes by the Company's majority stockholder, D&D Source of life Holding LTD ("D&D"). Q3 2024 Financial Highlight
NORWALK, Conn., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Thursday, November 14, 2024 at 8:30 a.m. Eastern time to discuss its financial results for the three months ended September 30, 2024. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Thursday, November 14, 2024Time: 8:30 a.m. Eastern timeToll-free dial-in number: (800) 717-1738International dial-in number: (646) 307-1865Conference ID: 14622Webcast: Re
Double-Digit Net Sales Growth and Gross Margin Expansion Drive Lower Operating Loss and Positive Modified EBITDA Reiterates Full Year 2024 Financial Outlook NORWALK, Conn., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, is reporting financial results for the three months ended June 30, 2024. Q2 2024 Financial Highlights (vs. Q2 2023): Net sales increased 19% to $11.9 million.Gross profit increased 53% to $3.8 million, with gross margin up 720 bps to 32.3%.Delivery and handling costs were reduced by 16% to $2.18 per case.Selling, general and admini
NORWALK, Conn., July 30, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Tuesday, August 13, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the three months ended June 30, 2024. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Tuesday, August 13, 2024Time: 5:00 p.m. Eastern timeToll-free dial-in number: (800) 717-1738International dial-in number: (646) 307-1865Conference ID: 78880Webcast: Reed's Q2 202
Reiterates Full Year 2024 Financial Outlook Management to Host Conference Call Today at 5:00 p.m. ET NORWALK, Conn., May 14, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, is reporting financial results for the three months ended March 31, 2024. Q1 2024 Financial Highlights (vs. Q1 2023): Net sales were $9.6 million compared to $11.2 million.Gross profit increased 26% to $3.4 million, with gross margin up 1,140 bps to 35.6%.Delivery and handling costs were reduced by 29% to $3.01 per case.Selling, general and administrative expenses were reduced by 19% to $2.6 million.Oper
NORWALK, Conn., April 30, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Tuesday, May 14, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the three months ended March 31, 2024. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Tuesday, May 14, 2024Time: 5:00 p.m. Eastern timeToll-free dial-in number: (888) 886-7786International dial-in number: (416) 764-8658Conference ID: 71895807Webcast: Reed's Q1 2024
Sixth Consecutive Quarter of YoY Operating Expense and Profitability Improvements Execution of Optimization Initiatives Leads to Material Improvement in FY 2023 Operating Loss and Modified EBITDA NORWALK, Conn., March 28, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, is reporting financial results for the three and twelve months ended December 31, 2023. Q4 2023 Financial Highlights (vs. Q4 2022): Net sales were $11.7 million compared to $15.0 million.Gross profit was $0.5 million compared to $3.4 million, with gross margin of 4.0% compared to 22.9%.Adjusted gross profit,
NORWALK, Conn., March 19, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Thursday, March 28, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the three and twelve months ended December 31, 2023. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Thursday, March 28, 2024Time: 5:00 p.m. Eastern timeToll-free dial-in number: (844) 850-0544International dial-in number: (412) 542-4115Conference ID: 10187056Web
NORWALK, Conn., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, is reporting financial results for the three months ended September 30, 2023. Q3 2023 Financial Highlights (vs. Q3 2022): Net sales were $11.9 million compared to $12.1 million.Gross profit increased 66% to $4.0 million compared to $2.4 million, with gross margin up 1,390 basis points to 34.0% compared to 20.1%.Delivery and handling costs were reduced by 15% to $2.98 per case.Selling, general and administrative expenses were reduced by 14% to $2.3 million.Operating loss improved to $0.1 million compared
NORWALK, Conn., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Friday, November 10, 2023 at 8:30 a.m. Eastern time to discuss its financial results for the three months ended September 30, 2023. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Friday, November 10, 2023Time: 8:30 a.m. Eastern timeToll-free dial-in number: (844) 850-0544International dial-in number: (412) 542-4115Conference ID: 10184105Webc
4 - REED'S, INC. (0001140215) (Issuer)
4 - REED'S, INC. (0001140215) (Issuer)
3 - REED'S, INC. (0001140215) (Issuer)
4 - REED'S, INC. (0001140215) (Issuer)
4 - REED'S, INC. (0001140215) (Issuer)
4 - REED'S, INC. (0001140215) (Issuer)
3 - REED'S, INC. (0001140215) (Issuer)
4 - REED'S, INC. (0001140215) (Issuer)
4 - REED'S, INC. (0001140215) (Issuer)
4 - REED'S, INC. (0001140215) (Issuer)
NORWALK, Conn., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, today announced the closing of a securities purchase agreement for a private investment in public equity ("PIPE") financing. The transaction, which closed on December 30, 2024, generated gross proceeds of $10 million. Pursuant to the terms of the securities purchase agreement, the Company sold an aggregate of approximately 14.7 million shares of its common stock at a price of $0.68 per share. The issuance price reflected a premium to the closing stock price on December 30, 2024. "This financing marks
NEW YORK, NY / ACCESSWIRE / December 3, 2024 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day December Small-Cap Conference taking place Wednesday and Thursday, December 4-5, 2024. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links.Presentation Schedule*All Times ESTWednesday, December 4th, 2024 (Day 1)9:15-9:45Pantheon Resources (PANR)inTEST Corporation (INTT)10:00-10:30Granite Ridge Resources (GRNT)InfuSystem Holdings, Inc. (INFU)10:45-11:15*****Charles River Associates (CRAI)11:30-12:00North American Construction (NOA)CBIZ (CBZ)12:1
NORWALK, Conn., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, today announced its management team will participate in the upcoming Sidoti Conference being held virtually December 4-5, 2024. The team will hold 1x1 meetings throughout the day on December 4, and the Company's virtual presentation will be available at 1:00 p.m. ET on the same day. Please click here to register and view the on-demand presentation. To sign up for the conference or schedule a 1x1 meeting with the Reed's team, please visit www.sidoti.com/events. For any additional questions, please contact
Strengthened Liquidity Position with New $10 Million Credit Facility and Assumption of Secured Notes by the Company's Majority Stockholder Management to Host Conference Call Today at 8:30 a.m. ET NORWALK, Conn., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, is reporting financial results for the three months ended September 30, 2024. The Company is also providing an update on recent strategic transactions, including the assumption of outstanding secured notes by the Company's majority stockholder, D&D Source of life Holding LTD ("D&D"). Q3 2024 Financial Highlight
NORWALK, Conn., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Thursday, November 14, 2024 at 8:30 a.m. Eastern time to discuss its financial results for the three months ended September 30, 2024. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Thursday, November 14, 2024Time: 8:30 a.m. Eastern timeToll-free dial-in number: (800) 717-1738International dial-in number: (646) 307-1865Conference ID: 14622Webcast: Re
NORWALK, Conn., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, today announced it has closed its $6 million private investment in public equity ("PIPE"). Approximately $4.1 million of previously funded Simple Investments in Future Equity ("SAFEs") automatically converted into the PIPE. $1.9 million of cash proceeds was funded by the lead investor and the Company's largest stockholder, D&D Source of Life Holding LTD. The purchase price per share was $1.50, which reflects a premium of approximately 21% to the closing stock price on September 13, 2024. "I am pleased
Double-Digit Net Sales Growth and Gross Margin Expansion Drive Lower Operating Loss and Positive Modified EBITDA Reiterates Full Year 2024 Financial Outlook NORWALK, Conn., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, is reporting financial results for the three months ended June 30, 2024. Q2 2024 Financial Highlights (vs. Q2 2023): Net sales increased 19% to $11.9 million.Gross profit increased 53% to $3.8 million, with gross margin up 720 bps to 32.3%.Delivery and handling costs were reduced by 16% to $2.18 per case.Selling, general and admini
NORWALK, Conn., July 30, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Tuesday, August 13, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the three months ended June 30, 2024. The Company's results will be reported in a press release prior to the call. Reed's management will host the conference call, followed by a question-and-answer period. Date: Tuesday, August 13, 2024Time: 5:00 p.m. Eastern timeToll-free dial-in number: (800) 717-1738International dial-in number: (646) 307-1865Conference ID: 78880Webcast: Reed's Q2 202
NORWALK, Conn., May 29, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, today announced the launch of Virgil's full sugar handcrafted sodas in a new, convenient 12oz can format for five classic flavors in Sprouts Farmers Market nationwide. "We're thrilled to unveil Virgil's handcrafted sodas in a convenient, easy-to-carry 12oz can format, catering to consumer preferences and the rising demand for on-the-go beverages," said Norman E. Snyder, Jr., CEO of Reed's. "Our classic flavors, previously available only in bottles, are now more accessible than ever, allowing our customers
Reiterates Full Year 2024 Financial Outlook Management to Host Conference Call Today at 5:00 p.m. ET NORWALK, Conn., May 14, 2024 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, is reporting financial results for the three months ended March 31, 2024. Q1 2024 Financial Highlights (vs. Q1 2023): Net sales were $9.6 million compared to $11.2 million.Gross profit increased 26% to $3.4 million, with gross margin up 1,140 bps to 35.6%.Delivery and handling costs were reduced by 29% to $3.01 per case.Selling, general and administrative expenses were reduced by 19% to $2.6 million.Oper
NORWALK, Conn., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, today announced that Interim Chief Financial Officer (CFO) Joann Tinnelly has transitioned to permanent CFO, effective today. Ms. Tinnelly has served as Vice President and Corporate Controller of Reed's since July 2018. Throughout her tenure at the Company, she has stepped into the role of Interim CFO on two separate occasions, most recently in March 2023. She is a Certified Public Accountant with more than 30 years of finance and accounting experience in global public and private companies. Ms. Tinnell
NORWALK, Conn., July 13, 2023 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, has appointed Shufen Deng to its board of directors (the "Board") effective July 7, 2023. Ms. Deng replaces Leon Zaltzman on the Board, who has transitioned to a Board Observer position. Ms. Deng brings more than 30 years of legal and capital markets experience to Reed's and is the sole shareholder and director of D&D Source of Life Holding Ltd. ("D&D"), the Company's largest shareholder. As announced on May 31, 2023, Reed's closed a series of financing transactions, led by a $3.0 million strategic invest
NORWALK, Conn., March 31, 2023 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, today announced that Joann Tinnelly, current Vice President and Corporate Controller of Reed's, was appointed by the Board of Directors to the position of Interim Chief Financial Officer, effective March 31, 2023. On March 7, 2023, Reed's announced the resignation of Tom Spisak from the role of Chief Financial Officer, effective March 30, 2023. Mr. Spisak's resignation was not due to any disagreement with the Company on any matter, including matters related to the Company's operations, policies, practice
NORWALK, Conn., March 07, 2023 (GLOBE NEWSWIRE) -- Reed's, Inc. (OTCQX:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, today announced that Tom Spisak has tendered his resignation as Chief Financial Officer (CFO) of the Company, effective March 30, 2023. Tom, who joined Reed's in December 2019, will continue to be available as a resource to ensure a smooth transition. Joann Tinnelly, current Vice President, Corporate Controller, who joined the Company in 2018, will be appointed interim Chief Financial Officer until a permanent replacement is identified. Ms. Tinnelly brings more than 30 years of finance and accounting exp
NORWALK, Conn., Feb. 06, 2023 (GLOBE NEWSWIRE) -- Reed's Inc. (NASDAQ:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, natural ginger beverages, announces the appointment of Christopher Burleson as Chief Commercial Officer. Joining the Company's executive leadership, Burleson brings over 15 years of progressive sales leadership experience to Reed's. As Chief Commercial Officer, Burleson will lead the sales organization as well as partner with the operations department to streamline supply chain and cost reductions initiatives. He will also focus on strategic partnerships and growth opportunities leveraging his financial experience enhancing prof
NORWALK, Conn., July 07, 2022 (GLOBE NEWSWIRE) -- Reed's, Inc. (NASDAQ:REED) ("Reed's" or the "Company"), owner of the nation's leading portfolio of handcrafted, all-natural ginger beverages, has appointed Thomas Kosler to its board of directors, effective July 1, 2022. Kosler, who will also chair Reed's Audit Committee, replaces Rhonda Kallman, who has departed to pursue other interests. Kosler is a veteran finance executive with more than 40 years of experience in accounting, investments and valuation. He began his career at Ernst & Young LLP (previously Arthur Young & Co.) and founded Kosler & Co., a boutique CPA and consulting firm, in 1982. Kosler was also the founder and managing