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Reed's Inc Stock Research

REED

Market Closed

REED Stock Price

REED RSI Chart

REED Valuation

Market Cap

8.2M

Price/Earnings (Trailing)

-0.41

Price/Sales (Trailing)

0.15

Price/Free Cashflow

-0.53

REED Price/Sales (Trailing)

REED Profitability

Return on Equity

528.35%

Return on Assets

-59.92%

Free Cashflow Yield

-190.25%

REED Fundamentals

REED Revenue

Revenue (TTM)

53.0M

Revenue Y/Y

17.67%

Revenue Q/Q

24.36%

REED Earnings

Earnings (TTM)

-20.1M

Earnings Y/Y

-39.11%

Earnings Q/Q

-109.5%

Price Action

Last 7 days

-8.9%

Last 30 days

3480.1%

Last 90 days

3189.3%

Trailing 12 Months

988.7%

REED Financial Health

Current Ratio

1.14

REED Investor Care

Shares Dilution (1Y)

34.40%

Peers (Alternatives to Reed)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
258.6B
43.5B
-6.81% -4.84%
26.21
5.95
8.39% -4.26%
250.3B
88.0B
-4.86% 6.46%
38.03
2.84
8.89% -35.26%
143.5B
80.6B
-9.76% -13.39%
16.48
1.78
-1.90% -3.44%
43.5B
14.3B
-5.20% -10.93%
33.02
3.04
11.46% -45.22%
30.2B
6.3B
3.12% 28.81%
25.31
4.78
13.89% -13.49%
12.4B
12.9B
1.55% 10.29%
-70.47
0.96
0.79% -123.70%
MID-CAP
9.6B
780.2M
30.33% 75.78%
-62.64
12.26
96.20% -1622.36%
2.5B
2.2B
-14.35% -9.46%
83.17
1.11
6.84% 1025.00%
2.1B
788.1M
-3.00% -2.02%
20.54
2.67
10.44% -9.04%
SMALL-CAP
4.6B
1.2B
-1.07% -3.47%
32.74
3.92
4.98% -14.14%
139.3M
64.9M
-9.67% -65.68%
-2.69
2.15
53.74% -15.07%
20.4M
73.3M
89.91% 370.45%
-0.66
0.28
32.40% 6.88%
8.2M
53.0M
3480.11% 988.71%
-0.41
0.15
6.94% -22.28%

Financials for Reed

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue4.4%53.0051.0052.0050.0050.00
Gross Profit7.5%12.0011.0013.0013.0014.00
Operating Expenses0.6%27.0027.0029.0029.0030.00
  S&GA Expenses-6.1%7.008.009.0010.0010.00
Interest Expenses98.7%5.003.002.002.001.00
Net Income-10.5%-20.06-18.15-18.81-16.87-16.40
Net Income Margin1.0%-0.36*-0.36*-0.34*-0.33*-
Free Cahsflow16.5%-19.71-23.61-14.97-17.91-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-15.9%25.0030.0036.0030.0026.00
  Current Assets-16.5%24.0029.0035.0029.0025.00
    Cash Equivalents2032.0%1.000.000.000.000.00
  Inventory-18.8%16.0020.0024.0021.0017.00
  Net PPE-7.3%1.001.001.001.001.00
Liabilities0.7%34.0034.0037.0026.0022.00
  Current Liabilities1.4%26.0025.0028.0025.0022.00
Shareholder's Equity-283.5%-8.475.004.00--
  Retained Earnings-5.8%-123-116-113-108-103
  Additional Paid-In Capital1.5%115113113113107
Accumulated Depreciation8.3%1.001.001.001.001.00
Shares Outstanding11.7%3.002.002.002.002.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations17.4%-15.53-18.79-23.61-14.74-17.59
Cashflow From Investing99.8%0.00-0.94-0.33--
Cashflow From Financing-11.6%16.0018.0023.0015.0017.00
  Buy Backs0%0.000.000.000.000.00

Risks for REED

What is the probability of a big loss on REED?

100%


Probability that Reed stock will be more than 20% underwater in next one year

100%


Probability that Reed stock will be more than 30% underwater in next one year.

90.8%


Probability that Reed stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does REED drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Reed was unfortunately bought at previous high price.

Drawdowns

Returns for REED

Cumulative Returns on REED

-5.0%


10-Year Cumulative Returns

-5.6%


7-Year Cumulative Returns

15.2%


5-Year Cumulative Returns

43.4%


3-Year Cumulative Returns

What are the long-term rolling returns for REED?

FIve years rolling returns for Reed.

Annualized Returns

Which funds bought or sold REED recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-16
JANE STREET GROUP, LLC
sold off
-100
-5,664
-
-%
2023-05-16
SUSQUEHANNA INTERNATIONAL GROUP, LLP
sold off
-100
-2,824
-
-%
2023-05-15
CI Private Wealth, LLC
sold off
-100
-1,959
-
-%
2023-05-15
CITADEL ADVISORS LLC
sold off
-100
-22,694
-
-%
2023-05-15
Royal Bank of Canada
sold off
-100
-
-
-%
2023-05-15
VANGUARD GROUP INC
sold off
-100
-227,784
-
-%
2023-05-15
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
sold off
-100
-384
-
-%
2023-05-15
GEODE CAPITAL MANAGEMENT, LLC
sold off
-100
-44,000
-
-%
2023-05-15
WHITEBOX ADVISORS LLC
sold off
-100
-72,934
-
-%
2023-05-15
TWO SIGMA SECURITIES, LLC
sold off
-100
-3,857
-
-%

1–10 of 43

Latest Funds Activity

Are funds buying REED calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own REED
No. of Funds

Reed News

Pmg-ky1.com
Simpsonville Elem. to get SRO for 2023-2024 school year - Pmg-ky1.com
Pmg-ky1.com,
100 minutes ago
Watauga Democrat
Stockhouse Publishing
Stockhouse Publishing
Digital Journal
Traverse City Business News
Marketscreener.com
Los Angeles Times
How much do top Hollywood executives make?.
Los Angeles Times,
18 hours ago

Schedule 13G FIlings of Reed

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Dec 15, 2021
fivet investment management ltd
4.96%
4,650,000
SC 13D
Sep 21, 2021
raptor/harbor reeds spv llc
4.98%
4,808,320
SC 13D/A
Sep 14, 2021
raptor/harbor reeds spv llc
5.76%
5,553,130
SC 13D/A
May 25, 2021
fivet investment management ltd
5.42%
5,075,110
SC 13D
Feb 16, 2021
union square park capital management, llc
8.04%
6,936,672
SC 13G/A
Feb 12, 2021
handelsbanken fonder ab
05%
2,550,000
SC 13G

REED Fair Value

Show Fair-Value

Recent SEC filings of Reed

View All Filings
Date Filed Form Type Document
May 16, 2023
NT 10-Q
NT 10-Q
May 15, 2023
10-K
Annual Report
Apr 19, 2023
3
Insider Trading
Apr 12, 2023
25-NSE
25-NSE
Mar 31, 2023
NT 10-K
NT 10-K
Mar 31, 2023
8-K
Current Report
Mar 29, 2023
8-K
Current Report
Mar 07, 2023
8-K
Current Report
Feb 23, 2023
3
Insider Trading

Latest Insider Trading transactions for REED

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-12-16
Bello John
bought
18,250
0.073
250,000
-
2022-06-30
Kosler Thomas Wayne
acquired
-
-
40,172
-
2022-03-11
Snyder Norman E. Jr.
bought
-
-
285,550
ceo
2022-03-11
Imbrogno Louis Jr.
bought
-
-
107,082
-
2022-02-04
JAFFE LEWIS
acquired
-
-
80,344
-
2022-02-04
Bass James C
acquired
-
-
80,344
-
2022-02-04
Kallman Rhonda
acquired
-
-
80,344
-
2022-02-04
Imbrogno Louis Jr.
acquired
-
-
80,344
-
2021-09-30
Spisak Thomas J.
bought
9,627
0.6017
16,000
cfo
2021-09-29
Snyder Norman E. Jr.
bought
29,500
0.59
50,000
chief executive officer

1–10 of 50

Norman E. Snyder
30
Reed's, Inc. engages in the manufacture and distribution of natural hand-crafted beverages in the craft specialty foods industry in the United States, Canada, Asia, Europe, Australia, and South America. It offers Reed's craft ginger beers; Reed's real ginger ales; Reed's ready to drink products; Virgil's handcrafted sodas; ginger candy; and other ginger beverages under the Reed's brand. Reed's, Inc. 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 through distributors and independent distributor partners, as well as direct to store distribution. It also exports its products to France, the United Kingdom, South Africa, the Caribbean, Canada, Spain, the Philippines, Israel, Australia, Asia, rest of Europe, and South America. 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.

REED Income Statement

2022-12-31
Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]  
Net Sales$ 53,041$ 49,599
Cost of goods sold40,92936,001
Gross profit12,11213,598
Operating expenses:  
Delivery and handling expense11,60311,939
Selling and marketing expense7,3169,665
General and administrative expense7,4897,965
Provision for receivable with former related party538
Total operating expenses26,94629,569
Loss from operations(14,834)(15,971)
Gain on extinguishment of PPP note payable770
Interest expense(5,223)(1,201)
Net loss(20,057)(16,402)
Dividends on Series A Convertible Preferred Stock(5)(5)
Net loss attributable to common stockholders$ (20,062)$ (16,407)
Loss per share – basic and diluted$ (9.07)$ (8.99)
Weighted average number of shares outstanding – basic and diluted2,211,3191,824,688

REED Balance Sheet

2022-12-31
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash$ 533$ 49
Accounts receivable, net of allowance of $252 and $215, respectively5,6715,183
Inventory, net16,17517,049
Receivable from former related party777933
Prepaid expenses and other current assets9391,491
Total current assets24,09524,705
Property and equipment, net of accumulated depreciation of $787 and $561, respectively766992
Intangible assets626624
Total assets25,48726,321
Current liabilities:  
Accounts payable9,80510,434
Accrued expenses233286
Revolving line of credit, net of capitalized financing costs of $363 and $0, respectively10,97410,229
Payable to former related party2,025614
Current portion of convertible notes payable, net of debt discount of $414 and $0, respectively2,434
Current portion of lease liabilities187161
Total current liabilities25,65821,724
Convertible note payable, net of debt discount of $562 and $0, respectively, less current portion8,092
Lease liabilities, less current portion207394
Total liabilities33,95722,118
Stockholders’ equity (deficit):  
Series A Convertible Preferred stock, $10 par value, 500,000 shares authorized, 9,411 shares issued and outstanding9494
Common stock, $.0001 par value, 180,000,000 shares authorized; 2,519,485 and 1,874,866 shares issued and outstanding, respectively
Additional paid in capital114,635107,246
Accumulated deficit(123,199)(103,137)
Total stockholders’ equity (deficit)(8,470)4,203
Total liabilities and stockholders’ equity (deficit)$ 25,487$ 26,321