REED - Reed's Inc Stock Price, Fair Value and News

1.48USD0.00 (0.00%)Market Closed

Market Summary

USD1.480.00

Market Closed

0.00%

REED Stock Price

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REED RSI Chart

REED Valuation

Market Cap

6.2M

Price/Earnings (Trailing)

-0.4

Price/Sales (Trailing)

0.14

EV/EBITDA

1.97

Price/Free Cashflow

-1.42

REED Price/Sales (Trailing)

REED Profitability

EBT Margin

-1.68%

Return on Equity

80.93%

Return on Assets

-82.21%

Free Cashflow Yield

-70.21%

REED Fundamentals

REED Revenue

Revenue (TTM)

44.7M

Rev. Growth (Yr)

-22.25%

Rev. Growth (Qtr)

-1.37%

REED Earnings

Earnings (TTM)

-15.5M

Earnings Growth (Yr)

2.56%

Earnings Growth (Qtr)

-359.33%

Breaking Down REED Revenue

Last 7 days

24.4%

Last 30 days

-19.6%

Last 90 days

-22.1%

Trailing 12 Months

-54.5%

How does REED drawdown profile look like?

REED Financial Health

Current Ratio

0.65

Debt/Equity

-0.25

Debt/Cashflow

-0.88

REED Investor Care

Shares Dilution (1Y)

60.90%

Diluted EPS (TTM)

-5.56

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	52.0M	48.3M	48.1M	44.7M
2022	49.6M	52.1M	50.8M	53.0M
2021	44.2M	44.7M	47.5M	49.6M
2020	34.9M	36.3M	38.1M	41.6M
2019	38.3M	38.4M	36.3M	33.8M
2018	37.7M	38.2M	38.1M	38.1M
2017	40.8M	38.6M	37.2M	37.7M
2016	45.3M	44.1M	45.7M	42.5M
2015	45.1M	46.1M	44.5M	45.9M
2014	38.1M	39.8M	42.0M	43.4M
2013	31.6M	33.3M	35.4M	37.3M
2012	26.4M	28.1M	29.6M	30.0M
2011	21.5M	22.7M	23.9M	25.0M
2010	0	0	0	20.4M

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Reed's Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 29, 2024	snyder norman e. jr.	bought	-	-	37,605	ceo
Apr 29, 2024	tinnelly joann christine	bought	-	-	17,334	cfo
Dec 06, 2023	bello john	bought	9,010	1.802	5,000	-
Nov 28, 2023	burleson christopher scott	acquired	-	-	18,160	cco
Nov 28, 2023	bello john	bought	10,200	2.04	5,000	-
May 25, 2023	bello john	bought	-	-	193,424	-
May 25, 2023	union square park capital management, llc	bought	-	-	193,424	-
Dec 16, 2022	bello john	bought	18,250	0.073	250,000	-
Nov 22, 2022	bello john	bought	26,150	0.1046	250,000	-
Jun 30, 2022	kosler thomas wayne	acquired	-	-	40,172	-

Which funds bought or sold REED recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
Nov 14, 2022	REGENTATLANTIC CAPITAL LLC	unchanged	-	-	3,000	-%
Nov 14, 2022	Empery Asset Management, LP	sold off	-100	-71,000	-	-%
Jul 12, 2022	Minot Wealth Management LLC	unchanged	-	-7,000	8,000	-%

Are Funds Buying or Selling REED?

Are funds buying REED calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own REED

No. of Funds

Unveiling Reed's Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 02, 2024	bello john	15.2%	681,275	SC 13D/A
Feb 27, 2024	union square park capital management, llc	17.98%	1,230,699	SC 13D/A
Feb 14, 2024	whitebox advisors llc	9.9%	429,775	SC 13G/A
Jun 07, 2023	bello john	9.87%	471,247	SC 13D
Jun 05, 2023	deng shufen	31.1%	1,392,650	SC 13D
Jun 02, 2023	union square park capital management, llc	16.21%	699,494	SC 13D/A
Feb 14, 2023	whitebox advisors llc	9.9%	12,885,916	SC 13G/A
Feb 14, 2023	union square park capital management, llc	17.78%	467,385	SC 13D/A
Oct 17, 2022	whitebox advisors llc	9.9%	12,410,519	SC 13G
Feb 11, 2022	union square park capital management, llc	7.79%	7,297,831	SC 13G/A

Recent SEC filings of Reed's Inc

View All Filings

Date Filed	Form Type	Document
May 16, 2024	NT 10-Q	NT 10-Q
May 14, 2024	8-K	Current Report
May 09, 2024	4	Insider Trading
May 09, 2024	4	Insider Trading
Apr 04, 2024	4/A	Insider Trading
Apr 03, 2024	8-K/A	Current Report
Apr 02, 2024	SC 13D/A	13D - Major Acquisition
Apr 02, 2024	8-K	Current Report
Apr 02, 2024	4	Insider Trading
Apr 01, 2024	10-K	Annual Report

Reed's Inc News

Latest updates

Reed's Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-1.4%	11,693	11,856	10,005	11,157	15,040	12,094	13,725	12,182	12,781	13,402	11,270	12,146	10,677	10,562	10,853	9,523	7,151	8,740	9,480	8,449	9,629
Gross Profit	-88.3%	472	4,033	2,509	2,698	3,446	2,435	3,299	2,932	2,604	3,872	3,269	3,853	3,522	3,386	2,988	2,870	597	2,502	2,273	2,504	2,652
Operating Expenses	29.8%	5,421	4,176	4,256	5,276	7,111	4,889	7,835	7,111	6,962	7,525	6,978	8,104	6,178	5,662	4,422	5,120	4,088	6,880	6,379	5,386	4,748
S&GA Expenses	50.8%	1,298	861	1,259	1,447	1,693	1,220	2,225	2,178	2,172	2,644	2,634	2,215	2,121	1,872	1,585	1,925	1,471	2,508	3,194	2,015	1,278
EBITDA Margin	-15.0%	0.12*	0.14*	0.13*	0.11*	0.09*	0.04*	0.03*	0.02*	0.01*	0.01*	0.01*	0.01*	0.02*	-	-	-	-	-	-	-	-
Interest Expenses	27.4%	1,647	1,293	1,387	1,779	3,104	777	541	801	509	234	202	256	346	322	303	336	339	318	294	335	660
EBT Margin	-7.5%	-0.02*	-0.02*	-0.02*	-0.01*	-0.01*	-0.01*	-0.01*	-0.02*	-0.02*	-0.02*	-0.02*	-0.02*	-0.02*	-	-	-	-	-	-	-	-
Net Income	-359.3%	-6,596	-1,436	-3,134	-4,357	-6,769	-3,231	-5,077	-4,980	-4,866	-3,887	-3,141	-4,507	-3,257	-2,590	-1,750	-2,580	-3,823	-4,565	-4,460	-3,264	-2,660
Net Income Margin	-6.3%	-0.35*	-0.33*	-0.36*	-0.37*	-0.38*	-0.36*	-0.36*	-0.34*	-0.33*	-0.31*	-0.30*	-0.27*	-0.24*	-0.28*	-	-	-	-	-	-	-
Free Cashflow	91.0%	-183	-2,027	-3,636	886	746	-408	-14,354	-2,438	-2,515	-4,996	-5,250	-5,154	-2,729	-1,759	-	-	-	-	-	-	-

Balance Sheet

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Balance Sheet																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-23.5%	18,883	24,687	20,698	23,123	25,487	30,297	36,126	30,391	26,321	27,733	23,199	22,076	20,057	17,717	17,667	14,846	15,992	16,901	16,342	18,848	12,492
Current Assets	-24.4%	17,761	23,501	19,528	21,811	24,095	28,845	34,617	28,827	24,705	26,221	21,625	20,443	18,455	16,053	15,987	13,177	14,296	15,190	14,750	17,278	10,938
Cash Equivalents	-39.9%	603	1,004	447	467	533	25.00	280	122	49.00	941	654	155	595	875	1,112	28.00	913	1,016	1,604	2,650	624
Inventory	-29.2%	11,300	15,964	13,690	15,301	16,175	19,916	24,193	20,848	17,049	15,514	13,701	12,445	11,119	9,436	8,411	7,990	10,508	9,575	9,283	10,732	7,380
Net PPE	-11.8%	493	559	543	686	766	826	885	940	992	824	886	949	920	984	1,023	1,026	1,053	1,053	934	912	896
Liabilities	1.6%	38,064	37,447	32,161	35,445	33,957	33,733	36,545	25,775	22,118	19,556	11,633	15,306	9,653	17,159	14,801	15,499	14,845	19,109	14,354	13,336	19,235
Current Liabilities	-1.8%	27,190	27,678	23,113	26,763	25,658	25,311	27,800	25,425	21,724	19,119	11,155	14,745	8,927	16,260	13,730	10,004	9,411	13,796	9,032	8,177	14,235
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,831	4,689	4,551	4,417	4,287	4,161
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,128	4,977	-	-	-	-	-	-
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,831	4,689	4,551	4,417	4,287	4,161
Shareholder's Equity	-Infinity%	-19,181	-	-	-	-8,470	-	-	4,616	4,203	8,177	11,566	6,770	10,404	558	2,866	-	1,147	-	1,988	5,512	-
Retained Earnings	-5.0%	-138,727	-132,131	-130,695	-127,556	-123,199	-116,430	-113,199	-108,117	-103,137	-98,271	-94,384	-91,237	-86,730	-83,473	-80,883	-79,128	-76,548	-72,725	-68,160	-63,695	-60,431
Additional Paid-In Capital	0.1%	119,452	119,277	119,138	115,140	114,635	112,889	112,675	112,628	107,246	106,345	105,847	97,904	97,031	83,646	83,364	78,091	77,596	70,420	70,051	69,110	53,591
Accumulated Depreciation	6.7%	1,068	1,001	933	867	787	727	668	613	561	498	435	379	361	316	501	520	482	438	400	378	342
Shares Outstanding	0.4%	4,187	4,169	4,169	2,602	2,519	2,031	2,101	1,948	1,875	-	36.00	35.00	35.00	-	-	-	-	-	-	-	-
Float	-	-	-	5,763	-	-	-	14,698	-	-	-	76.00	-	-	-	55,025	-	-	-	80,097	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	89.9%	-182	-1,796	-3,405	1,117	977	-177	-14,123	-2,207	-2,284	-4,996	-5,250	-5,059	-2,728	-1,740	-2,676	-2,352	-3,533	-3,108	-2,764	-8,756	1,238
Cashflow From Investing	96.4%	-3.00	-84.00	-	-	-	-	-	-	-234	-	-4.00	-97.00	-3.00	-42.00	-94.00	-22.00	-34.00	-152	-69.00	-22.00	992
Cashflow From Financing	-108.9%	-216	2,437	3,318	-1,183	-469	-76.00	14,281	2,280	1,626	5,283	5,753	4,716	2,451	1,545	3,854	1,489	3,464	2,672	1,787	10,804	-1,794
Buy Backs	-	-	-	-	1.00	-	-	-	2.00	-	-	15.00	-	-	-	-	-	-	-	-	-	-

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REED Income Statement

2023-12-31

Statements of Operations - USD ($) $ in Thousands	12 Months Ended
Statements of Operations - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net Sales	$ 44,711	$ 53,041
Cost of goods sold	31,884	40,929
Inventory write-offs associated with exited categories and major packaging and formula changes	1,848
Product quality hold write-down	1,267
Gross profit	9,712	12,112
Operating expenses:
Delivery and handling expense	7,561	11,603
Selling and marketing expense	4,865	7,316
General and administrative expense	6,118	7,489
Provision for receivable with former related party	585	538
Total operating expenses	19,129	26,946
Loss from operations	(9,417)	(14,834)
Interest expense	(6,106)	(5,223)
Net loss	(15,523)	(20,057)
Dividends on Series A Convertible Preferred Stock	(5)	(5)
Net loss attributable to common stockholders	$ (15,528)	$ (20,062)
Loss per share - basic	$ (4.39)	$ (9.07)
Loss per share - diluted	$ (4.39)	$ (9.07)
Weighted average number of shares outstanding - basic	3,537,882	2,211,319
Weighted average number of shares outstanding - diluted	3,537,882	2,211,319

REED Balance Sheet

2023-12-31

Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash	$ 603	$ 533
Accounts receivable, net of allowance of $860 and $252, respectively	4,788	5,671
Inventory	11,300	16,175
Prepaid expenses and other current assets	811	939
Total current assets	17,761	24,095
Property and equipment, net of accumulated depreciation of $1,068 and $787, respectively	493	766
Intangible assets	629	626
Total assets	18,883	25,487
Current liabilities:
Accounts payable	9,133	9,805
Accrued expenses	1,096	233
Revolving line of credit, net of capitalized financing costs of $201 and $363, respectively	9,758	10,974
Current portion of convertible notes payable, net of debt discount of $424 and $414, respectively	6,737	2,434
Current portion of lease liabilities	207	187
Total current liabilities	27,190	25,658
Convertible note payable, net of debt discount of $148 and $562, respectively, less current portion	10,874	8,092
Lease liabilities, less current portion		207
Total liabilities	38,064	33,957
Stockholders’ deficit:
Series A Convertible Preferred stock, $10 par value, 500,000 shares authorized, 9,411 shares issued and outstanding	94	94
Common stock, $.0001 par value, 180,000,000 shares authorized; 4,187,291 and 2,519,485 shares issued and outstanding, respectively
Additional paid in capital	119,452	114,635
Accumulated deficit	(138,727)	(123,199)
Total stockholders’ deficit	(19,181)	(8,470)
Total liabilities and stockholders’ deficit	18,883	25,487
Related Party [Member]
Current assets:
Receivable from former related party	259	777
Current liabilities:
Payable to former related party	$ 259	$ 2,025

About Reed's Inc

Reed's, Inc. engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas. It sells its products to natural food and gourmet retailers, grocery store chains, mass merchants, club stores, convenience and drug stores, liquor stores, industrial cafeterias, and on-premise bars and restaurants, as well as directly to consumers through www.drinkreeds.com. The company was formerly known as Original Beverage Corporation and changed its name to Reed's, Inc. in 2001. Reed's, Inc. was founded in 1987 and is headquartered in Norwalk, Connecticut.

CEO	Mr. Norman E. Snyder Jr.
WEBSITE	https://drinkreeds.com
INDUSTRY	Beverages Non-Alcoholic
EMPLOYEES	22

Reed's Inc Frequently Asked Questions

What is the ticker symbol for Reed's Inc? What does REED stand for in stocks?

REED is the stock ticker symbol of Reed's Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Reed's Inc (REED)?

As of Fri May 17 2024, market cap of Reed's Inc is 6.2 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of REED stock?

You can check REED's fair value in chart for subscribers.

What is the fair value of REED stock?

You can check REED's fair value in chart for subscribers. The fair value of Reed's Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Reed's Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for REED so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Reed's Inc a good stock to buy?

The fair value guage provides a quick view whether REED is over valued or under valued. Whether Reed's Inc is cheap or expensive depends on the assumptions which impact Reed's Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for REED.

What is Reed's Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, REED's PE ratio (Price to Earnings) is -0.4 and Price to Sales (PS) ratio is 0.14. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. REED PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Reed's Inc's stock?

In the past 10 years, Reed's Inc has provided -0.402 (multiply by 100 for percentage) rate of return.