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 - Q2 2024 - Aug 13, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 66 % -29.4%
Quick Ratio 42.3 % -34.4%
Debt-to-equity -207 % +45.5%
Return On Equity 67.5 % -65.6%
Return On Assets -63.4 % +9.82%
Operating Margin -14.2 % +34.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 4.19M shares +0.44%
Common Stock, Shares, Outstanding 4.19M shares +0.44%
Entity Public Float 5.76M USD -60.8%
Common Stock, Value, Issued 11K USD +22.2%
Weighted Average Number of Shares Outstanding, Basic 4.19M shares +31.7%
Weighted Average Number of Shares Outstanding, Diluted 4.19M shares +31.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 45M USD -6.79%
Selling and Marketing Expense 4.35M USD -22.6%
General and Administrative Expense 6.55M USD -0.97%
Operating Income (Loss) -6.41M USD +38.6%
Net Income (Loss) Attributable to Parent -12.9M USD +26.2%
Earnings Per Share, Basic -2.87 USD/shares +58.7%
Earnings Per Share, Diluted -2.87 USD/shares +22.2%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 5.3M USD +41.9%
Inventory, Net 10.2M USD -25.3%
Assets, Current 17.7M USD -9.23%
Property, Plant and Equipment, Net 384K USD -29.3%
Intangible Assets, Net (Excluding Goodwill) 635K USD +1.28%
Assets 18.7M USD -9.44%
Accounts Payable, Current 8.43M USD +17.1%
Accrued Liabilities, Current 946K USD +18.5%
Liabilities, Current 37.1M USD +60.5%
Operating Lease, Liability, Noncurrent 48K USD -81.3%
Liabilities 42.6M USD +32.4%
Retained Earnings (Accumulated Deficit) -144M USD -9.89%
Stockholders' Equity Attributable to Parent -23.8M USD -108%
Liabilities and Equity 18.7M USD -9.44%

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 4.19M shares +0.44%
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 103K USD -66.1%
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 1.59M USD +7.66%
Operating Lease, Liability, Current 103K USD -49%
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 120M USD +0.45%
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 5.11M USD -27.4%
Preferred Stock, Par or Stated Value Per Share 10 USD/shares 0%