2023-08-08 07:39:14 ET
- Zevia PBC press release ( NYSE: ZVIA ): Q2 GAAP EPS of -$0.08 beats by $0.07 .
- Revenue of $42.2M (-7.3% Y/Y) beats by $0.21M .
- Unit volume decreased 16.8% year over year to 3.3 million equivalized cases.
- Adjusted EBITDA loss was $2.6 million in the second quarter of 2023, compared to an Adjusted EBITDA loss of $6.4 million in the second quarter of 2022.
- Outlook: The Company is maintaining its guidance for the full year of 2023 and continues to expect net sales to be in the range of $163 million to $168 million vs. consensus of $165.65M. For the third quarter of 2023, net sales are expected to be in the range of $38 million to $41 million vs. consensus of $42.01M.
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Zevia PBC beats Q2 top and bottom line estimates; initiates Q2 and reaffirms FY23 outlook