Benzinga | Nov 9, 2020 04:50PM EST

Recap: Reed's Q3 Earnings

Shares of Reed's (NASDAQ:REED) fell 1.46% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 71.43% year over year to ($0.04), which missed the estimate of ($0.02).

Revenue of $10,562,000 rose by 20.85% year over year, which beat the estimate of $10,360,000.

Outlook

Reed's hasn't issued any earnings guidance for the time being.

The upcoming fiscal year's revenue expected to be between $40,246,000 and $40,246,000.

Conference Call Details

Date: Nov 09, 2020

Time: 04:30 PM

ET Webcast URL: http://public.viavid.com/player/index.php?id=141857

Price Action

Company's 52-week high was at $1.64

Company's 52-week low was at $0.36

Price action over last quarter: down 21.82%

Company Description

Reed's Inc sells Ginger Beer brand. Its Virgil brand is independent, all-natural craft soda brand. The company's portfolio has sold in over 20,000 retail doors across the natural, specialty, grocery, drug, club and mass channels nationwide. The company hand brews its products using fresh organic ginger combined with natural spices and fruit juices. The Ginger Beers come in three levels of increasing ginger intensity that deliver a delicious and powerful ginger bite and burn that can only come from fresh ginger root.