trending Market Intelligence /marketintelligence/en/news-insights/trending/p7_q-56tTYHNWyp9Gdykiw2 content esgSubNav
In This List

Reed's Q1 loss widens 23.2% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Reed's Q1 loss widens 23.2% YOY

Reed's Inc. said its first-quarter normalized net income amounted to a loss of 1 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 2 cents per share.

The per-share loss widened 22.1% year over year from 1 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $169,380, compared with a loss of $137,500 in the year-earlier period.

The normalized profit margin fell to negative 1.6% from negative 1.5% in the year-earlier period.

Total revenue grew 19.2% year over year to $10.7 million from $8.9 million, and total operating expenses increased 19.6% on an annual basis to $10.7 million from $9.0 million.

Reported net income totaled a loss of $271,000, or a loss of 2 cents per share, compared to a loss of $220,000, or a loss of 2 cents per share, in the prior-year period.