Reed's, Inc. financial data

Symbol
REED on OTC
Industry
Bottled & Canned Soft Drinks & Carbonated Waters
Location
201 Merritt 7 Corporate Park,, Norwalk, Connecticut
State of incorporation
Delaware
Fiscal year end
December 31
Former names
REEDS INC (to 3/25/2014), ORIGINAL BEVERAGE CORP / (to 10/25/2001)
Latest financial report
Q1 2024 - May 20, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 76.7 % -26%
Quick Ratio 51.4 % -28.2%
Debt-to-equity -230 % +59.4%
Return On Equity 80.1 % -74.6%
Return On Assets -61.5 % +9.01%
Operating Margin -17.4 % +31.8%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 4.19M shares +60.9%
Common Stock, Shares, Outstanding 4.19M shares +60.9%
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 +63.6%
Weighted Average Number of Shares Outstanding, Diluted 4.19M shares +63.6%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 43.1M USD -17%
Selling and Marketing Expense 4.51M USD -31.5%
General and Administrative Expense 5.88M USD -17%
Operating Income (Loss) -7.49M USD +43.4%
Net Income (Loss) Attributable to Parent -12.8M USD +33.9%
Earnings Per Share, Basic -3.09 USD/shares +62.4%
Earnings Per Share, Diluted -3.09 USD/shares +76.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 3.25M USD -30.3%
Inventory, Net 12M USD -21.5%
Assets, Current 18.2M USD -16.7%
Property, Plant and Equipment, Net 441K USD -35.7%
Intangible Assets, Net (Excluding Goodwill) 631K USD +0.8%
Assets 19.3M USD -16.8%
Accounts Payable, Current 8.48M USD -24%
Accrued Liabilities, Current 872K USD +86.7%
Liabilities, Current 25M USD -6.49%
Operating Lease, Liability, Noncurrent 48K USD -81.3%
Liabilities 40M USD +12.8%
Retained Earnings (Accumulated Deficit) -140M USD -10.1%
Stockholders' Equity Attributable to Parent -20.7M USD -68.2%
Liabilities and Equity 19.3M USD -16.8%

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 +60.9%
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%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 25M USD -4.72%
Operating Lease, Liability 155K USD -55.7%
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 1.58M USD +1.55%
Operating Lease, Liability, Current 155K USD -20.1%
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 +3.86%
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 5.35M USD -13.7%
Preferred Stock, Par or Stated Value Per Share 10 USD/shares 0%