Brief: Reed’S® Reports Preliminary Unaudited Fourth Quarter And Full Year 2021 Results

Reed'S

14/02/2022 21:53

Feb 14 (Reuters) - Reed's Inc  REED.O :
    * REED’S® REPORTS PRELIMINARY UNAUDITED FOURTH QUARTER AND FULL YEAR 2021
RESULTS
    * REED'S INC- PRELIMINARY Q4 2021 NET REVENUE UP 19% TO APPROXIMATELY $12.7
MILLION
    * REED'S INC - EXPECTS 2022 NET SALES TO RANGE BETWEEN APPROXIMATELY $59-62
MILLION, REFLECTING GROWTH OF APPROXIMATELY 20-25% FROM 2021
    * REED'S INC - EXPECTS GROSS MARGIN IN 2022 TO BE APPROXIMATELY 30% COMPARED
TO
27.5% IN 2021

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