Reed's, Inc. financial data

Symbol
REED on OTC
Industry
Bottled & Canned Soft Drinks & Carbonated Waters
Location
201 Merritt 7 Corporate Park,, Norwalk, CT
State of incorporation
DE
Fiscal year end
December 31
Former names
REEDS INC (to 3/25/2014), ORIGINAL BEVERAGE CORP / (to 10/25/2001)
Latest financial report
10-Q - Q3 2024 - Nov 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 53.6 % -37.8%
Quick Ratio 33.9 % -42.8%
Debt-to-equity -184 % +40.4%
Return On Equity 73 % -47.7%
Return On Assets -87 % -30.2%
Operating Margin -23.6 % -39.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 8.19M shares +96.4%
Common Stock, Shares, Outstanding 8.19M shares +96.4%
Entity Public Float 5.76M USD -60.8%
Common Stock, Value, Issued 1K USD
Weighted Average Number of Shares Outstanding, Basic 5.07M shares +21.5%
Weighted Average Number of Shares Outstanding, Diluted 5.07M shares +21.5%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 39.9M USD -16.9%
Selling and Marketing Expense 4.77M USD -9.3%
General and Administrative Expense 6.93M USD +5.05%
Operating Income (Loss) -9.41M USD -15.7%
Net Income (Loss) Attributable to Parent -15.6M USD +0.41%
Earnings Per Share, Basic -3.35 USD/shares +42.8%
Earnings Per Share, Diluted -3.35 USD/shares -141%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 2.77M USD -47.4%
Inventory, Net 9.25M USD -42.1%
Assets, Current 14.1M USD -40.2%
Property, Plant and Equipment, Net 335K USD -40.1%
Intangible Assets, Net (Excluding Goodwill) 636K USD +1.44%
Assets 15M USD -39.1%
Accounts Payable, Current 8.31M USD -8.32%
Accrued Liabilities, Current 1.27M USD +45.9%
Liabilities, Current 37M USD +33.6%
Operating Lease, Liability, Noncurrent 48K USD -81.3%
Liabilities 37M USD -1.23%
Retained Earnings (Accumulated Deficit) -148M USD -11.8%
Stockholders' Equity Attributable to Parent -22M USD -72%
Liabilities and Equity 15M USD -39.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -2.4M USD -314%
Net Cash Provided by (Used in) Financing Activities 2.12M USD
Net Cash Provided by (Used in) Investing Activities -18K USD
Common Stock, Shares Authorized 180M shares 0%
Common Stock, Shares, Issued 8.19M shares +96.4%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -289K USD -338%
Interest Paid, Excluding Capitalized Interest, Operating Activities 318K USD -18.5%
Deferred Tax Assets, Valuation Allowance 24.9M USD -4.76%
Deferred Tax Assets, Gross 25M USD -4.72%
Operating Lease, Liability 47K USD -81.6%
Depreciation 29K USD -38.3%
Payments to Acquire Property, Plant, and Equipment 16K USD
Lessee, Operating Lease, Liability, to be Paid 221K USD -50.6%
Property, Plant and Equipment, Gross 1.61M USD +3.33%
Operating Lease, Liability, Current 47K USD -77.5%
Lessee, Operating Lease, Liability, to be Paid, Year Two 221K USD -2.21%
Lessee, Operating Lease, Liability, to be Paid, Year One 221K USD -2.21%
Operating Lease, Weighted Average Discount Rate, Percent 0.13 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 14K USD -73.6%
Deferred Tax Assets, Operating Loss Carryforwards 21.1M USD +2.61%
Preferred Stock, Shares Issued 9.41K shares 0%
Preferred Stock, Shares Authorized 500K shares 0%
Operating Lease, Payments 52K USD +18.2%
Additional Paid in Capital 126M USD +5.4%
Preferred Stock, Shares Outstanding 9.41K shares 0%
Depreciation, Depletion and Amortization 47K USD +88%
Deferred Tax Assets, Net of Valuation Allowance 190K USD +0.53%
Interest Expense 6.23M USD -17.7%
Preferred Stock, Par or Stated Value Per Share 10 USD/shares 0%