Zevia PBC (ZVIA) Misses Q1 EPS by 15c
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Zevia Announces First Quarter 2022 Results
May 12, 2022 7:00 AM EDTNet Sales Increased 24% to $38 Million
LOS ANGELES--(BUSINESS WIRE)-- Zevia PBC (Zevia or the Company) (NYSE: ZVIA), the company disrupting the liquid refreshment beverage industry with great tasting, zero sugar beverages made with simple, plant-based ingredients, today reported results for the first quarter ended March 31, 2022.
First Quarter 2022 Highlights
Net sales of $38.0 million, a 24% increase versus Q1 2021 Unit volume was 3.4 million equivalized cases, up 21% from Q1 2021 Gross profit margin of 38.4% compared to 46.2% in Q1 2021 Net loss was $17.5 million, or $0.30 per diluted share to Zevias... More