Financial Snapshot

Revenue
$39.91M
TTM
Gross Margin
26.42%
TTM
Net Earnings
-$15.63M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
38.02%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$21.95M
Q3 2024
Cash
Q3 2024
P/E
-0.3684
Nov 29, 2024 EST
Free Cash Flow
-$2.596M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Revenue $44.71M $53.04M $49.60M $41.62M $33.82M $38.10M $37.71M $42.47M $45.95M $43.42M $37.28M $30.01M $25.01M $20.38M $15.18M $15.28M $13.06M $10.48M $9.470M $8.980M
YoY Change -15.7% 6.94% 19.17% 23.06% -11.23% 1.03% -11.21% -7.57% 5.83% 16.47% 24.23% 19.99% 22.72% 34.26% -0.65% 17.0% 24.62% 10.67% 5.46%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Revenue $44.71M $53.04M $49.60M $41.62M $33.82M $38.10M $37.71M $42.47M $45.95M $43.42M $37.28M $30.01M $25.01M $20.38M $15.18M $15.28M $13.06M $10.48M $9.470M $8.980M
Cost Of Revenue $31.88M $40.93M $36.00M $28.85M $25.94M $27.42M $30.82M $33.23M $34.34M $30.42M $26.49M $20.86M $17.61M $14.31M $11.57M $11.89M $11.04M $8.430M $7.750M $7.100M
Gross Profit $9.712M $12.11M $13.60M $12.77M $7.880M $10.68M $6.890M $9.240M $11.61M $13.01M $10.79M $9.140M $7.410M $6.060M $3.610M $3.390M $2.020M $2.060M $1.730M $1.880M
Gross Profit Margin 21.72% 22.84% 27.42% 30.68% 23.3% 28.03% 18.27% 21.76% 25.27% 29.96% 28.94% 30.46% 29.63% 29.74% 23.78% 22.19% 15.47% 19.66% 18.27% 20.94%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Selling, General & Admin $10.98M $14.50M $17.63M $14.53M $16.78M $13.26M $8.780M $7.660M $9.240M $8.250M $7.690M $6.370M $5.350M $5.060M $5.040M $6.960M $7.510M $3.860M $2.240M $1.950M
YoY Change -24.28% -17.73% 21.34% -13.41% 26.55% 51.03% 14.62% -17.1% 12.0% 7.28% 20.72% 19.07% 5.73% 0.4% -27.59% -7.32% 94.56% 72.32% 14.87%
% of Gross Profit 113.09% 119.75% 129.65% 113.78% 212.94% 124.16% 127.43% 82.9% 79.59% 63.41% 71.27% 69.69% 72.2% 83.5% 139.61% 205.31% 371.78% 187.38% 129.48% 103.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $142.0K $108.0K $143.0K $90.00K $60.00K $90.00K $550.0K $640.0K $930.0K $760.0K $550.0K $740.0K $650.0K $620.0K $470.0K $360.0K $210.0K $160.0K $120.0K $100.0K
YoY Change 31.48% -24.48% 58.89% 50.0% -33.33% -83.64% -14.06% -31.18% 22.37% 38.18% -25.68% 13.85% 4.84% 31.91% 30.56% 71.43% 31.25% 33.33% 20.0%
% of Gross Profit 1.46% 0.89% 1.05% 0.7% 0.76% 0.84% 7.98% 6.93% 8.01% 5.84% 5.1% 8.1% 8.77% 10.23% 13.02% 10.62% 10.4% 7.77% 6.94% 5.32%
Operating Expenses $19.13M $26.11M $29.57M $21.38M $22.79M $18.75M $12.72M $11.56M $14.34M $12.73M $11.66M $9.010M $7.650M $6.790M $5.040M $6.960M $7.510M $3.860M $2.240M $1.950M
YoY Change -26.73% -11.71% 38.3% -6.19% 21.55% 47.41% 10.03% -19.39% 12.65% 9.18% 29.41% 17.78% 12.67% 34.72% -27.59% -7.32% 94.56% 72.32% 14.87%
Operating Profit -$9.417M -$14.00M -$15.97M -$8.610M -$14.91M -$8.070M -$5.830M -$2.320M -$2.730M $280.0K -$870.0K $130.0K -$240.0K -$730.0K -$1.430M -$3.570M -$5.490M -$1.800M -$510.0K -$70.00K
YoY Change -32.71% -12.37% 85.49% -42.25% 84.76% 38.42% 151.29% -15.02% -1075.0% -132.18% -769.23% -154.17% -67.12% -48.95% -59.94% -34.97% 205.0% 252.94% 628.57%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Interest Expense $6.106M -$5.223M -$1.201M -$1.300M -$1.260M -$2.200M -$220.0K -$2.210M -$1.230M -$1.030M -$650.0K -$660.0K -$690.0K -$590.0K -$490.0K -$240.0K -$60.00K -$410.0K -$310.0K -$260.0K
YoY Change -216.91% 334.89% -7.62% 3.17% -42.73% 900.0% -90.05% 79.67% 19.42% 58.46% -1.52% -4.35% 16.95% 20.41% 104.17% 300.0% -85.37% 32.26% 19.23%
% of Operating Profit -367.86% -507.69%
Other Income/Expense, Net $0.00 -$2.780M $0.00
YoY Change -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Pretax Income -$15.52M -$19.22M -$16.40M -$10.18M -$16.11M -$10.33M -$18.37M -$5.010M -$3.960M -$750.0K -$1.520M -$520.0K -$940.0K -$1.310M -$2.560M -$3.810M -$5.550M -$2.210M -$830.0K -$480.0K
YoY Change -19.23% 17.17% 61.12% -36.81% 55.95% -43.77% 266.67% 26.52% 428.0% -50.66% 192.31% -44.68% -28.24% -48.83% -32.81% -31.35% 151.13% 166.27% 72.92%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$15.52M -$19.22M -$16.40M -$10.18M -$16.11M -$10.33M -$18.37M -$5.010M -$3.960M -$750.0K -$1.520M -$520.0K -$940.0K -$1.310M -$2.560M -$3.810M -$5.550M -$2.210M -$830.0K -$480.0K
YoY Change -19.25% 17.2% 61.12% -36.81% 55.95% -43.77% 266.67% 26.52% 428.0% -50.66% 192.31% -44.68% -28.24% -48.83% -32.81% -31.35% 151.13% 166.27% 72.92%
Net Earnings / Revenue -34.72% -36.24% -33.07% -24.46% -47.63% -27.11% -48.71% -11.8% -8.62% -1.73% -4.08% -1.73% -3.76% -6.43% -16.86% -24.93% -42.5% -21.09% -8.76% -5.35%
Basic Earnings Per Share -$4.39 -$9.07 -$8.99
Diluted Earnings Per Share -$4.39 -$9.52 -$179.8K -$167.9K -$459.5K -$407.3K -$1.243M -$367.8K -$301.1K -$57.52K -$121.2K -$45.77K -$87.12K -$128.6K -$277.1K -$429.1K -$692.9K -$400.4K -$169.7K -$101.5K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Cash & Short-Term Investments $603.0K $533.0K $49.00K $600.0K $910.0K $620.0K $12.13M $450.0K $1.820M $960.0K $1.100M $1.160M $710.0K $1.080M $1.310M $230.0K $740.0K $1.640M $30.00K
YoY Change 13.13% 987.76% -91.83% -34.07% 46.77% -94.89% 2595.56% -75.27% 89.58% -12.73% -5.17% 63.38% -34.26% -17.56% 469.57% -68.92% -54.88% 5366.67%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $811.0K $1.142M $1.491M $1.340M $420.0K $130.0K $200.0K $500.0K $820.0K $1.730M $430.0K $410.0K $290.0K $220.0K $100.0K $70.00K $90.00K $1.740M $70.00K
YoY Change -28.98% -23.41% 11.27% 219.05% 223.08% -35.0% -60.0% -39.02% -52.6% 302.33% 4.88% 41.38% 31.82% 120.0% 42.86% -22.22% -94.83% 2385.71%
Inventory $11.30M $16.18M $17.05M $11.12M $10.51M $7.380M $5.930M $6.890M $7.930M $6.310M $6.290M $5.790M $6.100M $4.560M $2.880M $2.840M $3.030M $1.510M $1.210M
Prepaid Expenses
Receivables $4.788M $5.671M $5.183M $4.720M $2.100M $2.610M $2.690M $2.490M $2.890M $2.500M $2.140M $1.960M $1.630M $1.300M $870.0K $900.0K $1.160M $1.180M $540.0K
Other Receivables $259.0K $1.412M $933.0K $680.0K $360.0K $190.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $30.00K $10.00K
Total Short-Term Assets $17.76M $24.93M $24.71M $18.46M $14.30M $10.94M $20.95M $10.32M $13.45M $11.50M $9.970M $9.330M $8.730M $7.150M $5.160M $4.030M $5.030M $6.100M $1.860M
YoY Change -28.77% 0.92% 33.83% 29.09% 30.71% -47.78% 103.0% -23.27% 16.96% 15.35% 6.86% 6.87% 22.1% 38.57% 28.04% -19.88% -17.54% 227.96%
Property, Plant & Equipment $493.0K $766.0K $992.0K $920.0K $1.050M $900.0K $350.0K $7.730M $5.370M $4.570M $3.690M $3.420M $3.510M $3.650M $3.660M $4.130M $4.250M $1.800M $1.890M
YoY Change -35.64% -22.78% 7.83% -12.38% 16.67% 157.14% -95.47% 43.95% 17.51% 23.85% 7.89% -2.56% -3.84% -0.27% -11.38% -2.82% 136.11% -4.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $70.00K $70.00K $80.00K $2.370M $0.00 $60.00K $50.00K $90.00K $50.00K $130.0K $140.0K $10.00K $360.0K
YoY Change -100.0% 0.0% -12.5% -96.62% -100.0% 20.0% -44.44% 80.0% -61.54% -7.14% 1300.0%
Total Long-Term Assets $1.122M $1.392M $1.616M $1.600M $1.690M $1.550M $3.530M $8.530M $6.400M $5.600M $4.780M $4.510M $4.630M $4.730M $4.810M $5.070M $5.060M $2.610M $3.050M
YoY Change -19.4% -13.86% 1.0% -5.33% 9.03% -56.09% -58.62% 33.28% 14.29% 17.15% 5.99% -2.59% -2.11% -1.66% -5.13% 0.2% 93.87% -14.43%
Total Assets $18.88M $26.33M $26.32M $20.06M $15.99M $12.49M $24.48M $18.85M $19.85M $17.10M $14.75M $13.84M $13.36M $11.88M $9.970M $9.100M $10.09M $8.710M $4.910M
YoY Change
Accounts Payable $9.133M $9.805M $10.43M $6.750M $5.540M $5.720M $7.480M $5.960M $7.460M $5.890M $3.610M $3.370M $2.310M $2.590M $950.0K $1.590M $2.000M $1.700M $1.640M
YoY Change -6.85% -6.03% 54.58% 21.84% -3.15% -23.53% 25.5% -20.11% 26.66% 63.16% 7.12% 45.89% -10.81% 172.63% -40.25% -20.5% 17.65% 3.66%
Accrued Expenses $1.303M $419.0K $447.0K $1.000M $670.0K $1.480M $220.0K $220.0K $170.0K $130.0K $140.0K $210.0K $200.0K $160.0K $130.0K $100.0K $60.00K $150.0K $190.0K
YoY Change 210.98% -6.26% -55.3% 49.25% -54.73% 572.73% 0.0% 29.41% 30.77% -7.14% -33.33% 5.0% 25.0% 23.08% 30.0% 66.67% -60.0% -21.05%
Deferred Revenue
YoY Change
Short-Term Debt $9.758M $10.97M $10.23M $0.00 $3.180M $6.980M $3.300M $4.380M $4.440M $3.010M $4.520M $3.020M $3.100M $2.040M $1.420M $1.350M $0.00 $1.360M $1.450M
YoY Change -11.08% 7.28% -100.0% -54.44% 111.52% -24.66% -1.35% 47.51% -33.41% 49.67% -2.58% 51.96% 43.66% 5.19% -100.0% -6.21%
Long-Term Debt Due $7.325M $2.434M $0.00 $620.0K $20.00K $50.00K $7.370M $1.330M $650.0K $260.0K $360.0K $340.0K $280.0K $170.0K $170.0K $20.00K $30.00K $70.00K $170.0K
YoY Change 200.94% -100.0% 3000.0% -60.0% -99.32% 454.14% 104.62% 150.0% -27.78% 5.88% 21.43% 64.71% 0.0% 750.0% -33.33% -57.14% -58.82%
Total Short-Term Liabilities $27.78M $25.66M $21.72M $8.930M $9.410M $14.24M $18.65M $11.88M $12.72M $9.290M $8.630M $7.030M $6.070M $5.320M $3.120M $3.400M $2.080M $3.270M $3.450M
YoY Change 8.27% 18.1% 143.27% -5.1% -33.92% -23.65% 56.99% -6.6% 36.92% 7.65% 22.76% 15.82% 14.1% 70.51% -8.24% 63.46% -36.39% -5.22%
Long-Term Debt $10.29M $8.092M $0.00 $190.0K $4.760M $4.960M $5.180M $7.720M $6.340M $4.160M $2.740M $2.710M $2.980M $2.410M $2.480M $1.750M $770.0K $820.0K $1.310M
YoY Change 27.11% -100.0% -96.01% -4.03% -4.25% -32.9% 21.77% 52.4% 51.82% 1.11% -9.06% 23.65% -2.82% 41.71% 127.27% -6.1% -37.4%
Other Long-Term Liabilities $0.00 $207.0K $394.0K $540.0K $680.0K $40.00K $150.0K $910.0K
YoY Change -100.0% -47.46% -27.04% -20.59% 1600.0% -73.33% -83.52%
Total Long-Term Liabilities $10.29M $8.299M $394.0K $730.0K $5.440M $5.000M $5.330M $8.630M $6.340M $4.160M $2.740M $2.710M $2.980M $2.410M $2.480M $1.750M $770.0K $820.0K $1.310M
YoY Change 23.94% 2006.35% -46.03% -86.58% 8.8% -6.19% -38.24% 36.12% 52.4% 51.82% 1.11% -9.06% 23.65% -2.82% 41.71% 127.27% -6.1% -37.4%
Total Liabilities $38.06M $33.96M $22.12M $9.650M $14.85M $19.24M $23.97M $20.51M $19.07M $13.45M $11.36M $9.740M $9.050M $7.730M $5.590M $5.140M $2.850M $4.090M $4.760M
YoY Change 12.1% 53.52% 129.2% -35.02% -22.82% -19.73% 16.87% 7.55% 41.78% 18.4% 16.63% 7.62% 17.08% 38.28% 8.75% 80.35% -30.32% -14.08%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Basic Shares Outstanding 3.538M shares 2.211M shares 1.825M shares
Diluted Shares Outstanding 3.538M shares 2.211M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $5.7587 Million

About REED'S, INC.

Reed's, Inc. engages in the manufacture and distribution of carbonated and non-carbonated beverages. The company is headquartered in Norwalk, Connecticut and currently employs 21 full-time employees. The company went IPO on 2006-12-29. These outlets include the natural and specialty food channel, grocery stores, mass merchants, drug stores, convenience stores, club stores, liquor stores, and on-premises locations including bars and restaurants. The firm provides craft beverages under the Reed’s, Virgil’s, and Flying Cauldron brand names. Reed’s portfolio includes ginger beers, ginger ales, ready-to-drink ginger mules and hard ginger ales. The Virgil's brand offers an array of flavored sodas, including Root Beer, Vanilla Cream, Black Cherry, Orange Cream, and more. These flavors are also available in six zero-sugar varieties. Flying Cauldron is a non-alcoholic butterscotch beer. Reed’s Craft Ginger Beer line includes varieties with a mix of bottles and cans, including Reed’s Original Ginger Beer, Reed’s Premium Ginger Beer, Reed’s Extra Ginger Beer, Reed’s Strongest Ginger Beer, and others.

Industry: Bottled & Canned Soft Drinks & Carbonated Waters Peers: ALKALINE WATER Co INC RushNet, Inc. COCA COLA CO DNA BRANDS INC Greene Concepts, Inc JONES SODA CO Zevia PBC