Reed's (REED) Plans Public Offering of Common Stock
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Reed's (REED) Reports Prelim. 1Q Net Sales Above Consensus; Reiterates Fiscal 2020 Guidance
April 16, 2020 4:17 PM EDTReeds Inc. (NASDAQ: REED) today reiterated its fiscal 2020 net sales and gross margin guidance and provided preliminary financial results for the first quarter of fiscal 2020, as reflected in the Companys Current Report on Form 8-K filed on April 15, 2020 with the Securities and Exchange Commission.
Estimated First Quarter 2020 Financial Results
Net sales are expected to increase between 4.2% to 6.5% to approximately $8.8 million to $9.0 million compared to $8.4 million in the prior year period;Gross margin is estimated to be approximately 28.5% to 29.5% compared to 29.6% in the prior... MoreReed's (REED) Prices 13.3M Share Public Offering of Common Stock at $0.35/sh
April 16, 2020 8:51 AM EDTReeds Inc. (Nasdaq: REED), owner of the nations leading portfolio of handcrafted, all-natural beverages, today announced the pricing of an underwritten public offering of 13,333,334 shares of its common stock at a price of $0.375 per share for gross proceeds of approximately $5.0... More
