UPDATE: Reed's (REED) Posts Q4 Loss of $0.04
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Reed's, Inc. Announces Record Fourth Quarter and Year-End 2015 Results
March 23, 2016 4:05 PM EDTLOS ANGELES, March 23, 2016 (GLOBE NEWSWIRE) -- Reed's, Inc. (NYSE MKT: REED), the leading maker of craft sodas nationwide, today announced the financial results for its fourth quarter and fiscal year ending December 31, 2015.
Financial Highlights for Fourth Quarter 2015 versus 2014
Fourth quarter net sales increased 13.0% to a record $12.4 million from $11.0 millionGross profit increased 25.5% to $3.1 million from $2.5 millionGross margin increased 250 basis points to 25.4% from 22.9%Operating expenses decreased 6.3% driven by: Delivery and handling expenses decreased 14.9% to $1.1 million from $1.3 millionSales and marketing expenses decreased 11% to $1.1 million... More