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REEDS, Inc. Message Board

  • photofool321 photofool321 Feb 8, 2013 2:56 PM Flag

    Business has not improved since August...

     

    Charts don't lie!!

    This topic is deleted.
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    • You lie.

      "LOS ANGELES, CA--(Marketwire - Nov 14, 2012) - Reed's, Inc. ( NASDAQ : REED ), maker of the top-selling sodas in natural food stores nationwide, today announced the financial results for its third fiscal quarter ending September 30, 2012.

      Financial Highlights for the Quarter:

      Revenues increased 23% to $7.9 million in 2012, compared to 2011.

      Gross profit increased to $2.5 million in 2012, an increase of 21% from 2011
      .
      Earnings before non-cash items and finance costs (modified EBITDA) increased to $395,000 during 2012, as compared to $269,000 in the prior year period (See EBITDA table at end of this release for further non-GAAP information).

      Net income for the 2012 second quarter was $22,000 compared to a loss of $175,000 a year earlier.

      Working capital at June 30, 2012 was $3.2 million, as compared to $2.7 million at December 31, 2011."

 
REED
5.05-0.010(-0.20%)11:48 AMEDT

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