Reed’s, Inc. Announces Second Quarter 2018 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Reed's (REED) Misses Q2 EPS by 7c, Revenues Beat
August 13, 2018 4:12 PM EDTReed's (NYSE: REED) reported Q2 EPS of ($0.13), $0.07 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $9.39 million versus the consensus estimate of $9.21 million.
Net Sales increased 6% to $9.4 million from $8.9 million in the prior year, core brand gross sales increased 13%;Gross margin increased 1340 basis points to 32% from 19% in the prior year period. Sequentially, gross margin increased 460 basis points from the first quarter of 2018. Gross profit increased 81% to $3.0 million from $1.7 million in the prior year period;Operating loss was $2.8 million compared to $1.2 million in the... More
