Reed’s, Inc. Announces Fourth Quarter and Full Year 2019 Financial Results

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Go back to Reed’s, Inc. Announces Fourth Quarter and Full Year 2019 Financial Results

Reed's (REED) Misses Q4 EPS by 1c, Revenues Miss

March 12, 2020 4:31 PM EDT

Reed's (NASDAQ: REED) reported Q4 EPS of ($0.09), $0.01 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $7.2 million versus the consensus estimate of $8.32 million.

We had a very productive fourth quarter, accomplishing a significant amount in a short period of time. We have strengthened our supply chain, upgrading and expanding our copacker organization and adding capacity to the equivalent of three times our current volume. We now have redundancies in each of our package types, and are now operating with... More