REED - Reed's Inc. GAAP EPS of -$2.49 misses by $1.21 revenue of $15.04M misses by $0.06M
2023-03-29 16:17:50 ET
- Reed's, Inc. press release ( OTCQX:REED ): Q4 GAAP EPS of -$2.49 misses by $1.21 .
- Revenue of $15.04M (+17.5% Y/Y) misses by $0.06M .
- Gross profit increased 32% to $3.4 million, with gross margin improving 250 bps to 23%.
- Delivery and handling costs declined 11% to $3.44 per case.
- Selling, general and administrative expenses declined 9% to $3.6 million.
- Operating loss improved to $(2.8) million compared to $(4.4) million.
- Modified EBITDA loss improved to $(2.5) compared to $(3.9) million.
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Reed's, Inc. GAAP EPS of -$2.49 misses by $1.21, revenue of $15.04M misses by $0.06M