Reed's (REED) Misses Q2 EPS by 10c
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Reed's, Inc. Announces Record Second Quarter Revenues
August 13, 2015 4:02 PM EDTLOS ANGELES, Aug. 13, 2015 (GLOBE NEWSWIRE) -- Reed's, Inc. (NYSE MKT: REED), maker of the top-selling sodas in natural food stores nationwide, today announced the financial results for its fiscal second quarter ending June 30, 2015.
Financial Overview: Second Quarter 2015 Compared to Second Quarter 2014
Net revenue increased 9% to a record $12.2 million Promotional spend decreased from 9.5% to 7.5% of gross sales Gross profit decreased slightly to $3.6 million Gross profit margin decreased 300 basis points to 30% Company had a net loss of ($691,000) or ($0.05) per diluted share Modified EBITDA was... More