Reeds, Inc. (NYSE:REED) insider have most recently took part in a trading activity. On Dec 27, 2017 Raptor/harbor Reeds Spv Llc, 10% Owner bought 2,666,667 shares having total worth of $4,000,001 at the price of $1.5 per share, following the transaction a total of 3,433,334 shares owned by Raptor/harbor Reeds Spv Llc.
Furthermore, over the past 12 months , the stock was traded 1 times by insiders. an employee of the company was the buyer in 1 instances.
Reeds, Inc. (NYSE:REED) last announced its earnings results on Nov 13, 2017. The company reported -0.24 earnings per share (EPS) for the quarter, lower than the consensus estimate of -0.06 by $0.18. The company had revenue of $11 million for the quarter, compared to the consensus estimate of $10 million. During the same quarter in the previous year, the company posted -0.02 earnings per share. The company’s revenue for the quarter was down 12% on a year-over-year basis.
|earnings per share||-0.24||0.01||-0.14||-0.14||0.00||-0.02||-0.06||-0.12||-0.04||-0.19|
Reed’s, Inc. was organized under the laws of the state of Florida in January 1991. In 2001, the Company changed its name from Original Beverage Corporation to Reed’s, Inc. and changed its state of in Corporation from Florida to Delaware. Reed develops, manufactures, markets, and sells natural non-alcoholic and ‘New Age’ beverages, candies and ice creams. ‘New Age Beverages’ is a category that includes natural soda, fruit juices and fruit drinks, ready-to-drink teas, sports drinks and water. Reed’s Ginger Brews, Virgil’s Root Beer, Cream Sodas and Real Cola, including diet sodas, China Colas, Reed’s Ginger Chews, and Reed’s Ginger Ice Creams. It currently manufactures and sells 16 beverages, three candies and three ice creams. It makes all of its products using premium all-natural ingredients. It produces carbonated soda products. The Company’s carbonated products include six varieties of Reed’s Ginger Brews, eight varieties of Virgil’s Root Beer and Cream Sodas and Real Cola (including diet varieties), China Cola and Cherry China Cola. The Company’s candy products include Reed’s Crystallized Ginger Candy, Reed’s Peanut Butter Ginger Chews and Reed’s Ginger Chews. Its ice cream products include Reed’s Original Ginger Ice Cream, Reed’s Chocolate Ginger Ice Cream and Reed’s Green Tea Ginger Ice Cream. It currently manufactures and sells six varieties of Reed’s Ginger Brews: Reed’s Original Ginger Brew, Reed’s Extra Ginger Brew, Reed’s Extra Ginger Brew, Reed’s Premium Ginger Brew, Reed’s Premium Ginger Brew, Reed’s Raspberry Ginger Brew, Reed’s Spiced Apple Brew, and Reed’s Cherry Ginger Brew. It currently has a national network of mainstream, natural and specialty food distributors in the United States and Canada. It sells directly to its distributors, who in turn sell to retail stores. Main areas of competition are pricing, packaging, development of new products and flavors and marketing campaigns.
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