REED News and Press, Reeds Inc. From 02/02/21

Net sales have been increasing during the pandemic and will likely be high during 2021. Reed's is not profitable despite increasing volumes and cost-cutting initiatives. Share dilution has massively destroyed shareholder value permanently. There are much better turnaround play...

NORWALK, Conn., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Get ready to recharge and refresh in 2021! Reed’s Inc. (NASDAQ: REED), America’s #1 ginger company, is partnering with Mini Bar Delivery to give away a branded, one-of-a kind Moke vehicle packed with REAL GINGE...

Reed’s (REED) +5.6% premarket, expects Q4 net sales growth of 44% Y/Y and 22% Q/Q to ~$10.3M vs. consensus of $9.26M.For FY2020, net sales to grow 22% Y/Y to ~$41.3M vs. consensus of $40.2M. “We are pleased to report continued net sales growth representing positive mom...

NORWALK, Conn., Jan. 13, 2021 (GLOBE NEWSWIRE) -- Reed’s Inc. (Nasdaq: REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced preliminary unaudited revenue results for the fiscal fourth quarter and full year 2020 ended December 31...

NORWALK, Conn., Nov. 24, 2020 (GLOBE NEWSWIRE) -- Reed’s Inc. (Nasdaq: REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced it has closed its previously announced underwritten public offering of 18,750,000 shares and the full ex...

Reed (REED) -26.2% PM, priced its underwritten public offering of 18.75M shares at $0.56/share; gross proceeds of ~$10.5M.Underwriters granted 45-day option to purchase an additional 2.81M shares.Offering expected to close on Nov.24, 2020.Previously: Reed under pressure on proposed ...

Reed (REED) seeks to offer shares of its common stock in an underwritten public offering.Underwriters granted 45-day option to purchase additional shares.Offer final terms have not yet been disclosed.Net proceeds will be used for the repayment of ~ $4.6M under its senior credit faci...

Reed ([[REED]] +4.6%) provides guidance for 2021:Net sales of $45.8M-46.6M, up from previously given figures $40.1M-40.3MGross margin of 32-33% vs. previously given ~30%.According to data from IRI, sales at retail for the four weeks ended October 4, 2020 increased 49.4% for the Reed’s ...

NORWALK, Conn., Nov. 19, 2020 (GLOBE NEWSWIRE) -- Reed’s Inc. (NASDAQ: REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today provided financial guidance for fiscal 2021 and detail on recent syndicated third-party retail sell-through data. ...

NORWALK, Conn., Nov. 17, 2020 (GLOBE NEWSWIRE) -- Lace up your running shoes! Reed’s Inc. (NASDAQ: REED), America’s #1 ginger company, is proud to announce its sponsorship of the first ever “World’s Best Turkey Trot” – a virtual 1M, 5K and 10K race ...