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For the three months ended 31 March 2022, Reed's, Inc. revenues increased less than 1% to $12.2M. Net loss increased 10% to $5M. Revenues reflect market conditions. Higher net loss reflects Interest Exp-Net of Capitalized Interest increase from $256K to $801K (expense), Selling and marketing expences increase of 2% to $1.8M (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.05.
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Total Revenue | 12.18 | 12.78 | 13.4 | 11.27 |
Gross Profit | 2.93 | 2.6 | 3.87 | 3.27 |
Operating Income | -4.18 | -4.36 | -3.65 | -2.94 |
Net Income | -4.98 | -4.87 | -3.89 | -3.14 |
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Total Assets | 30.39 | 26.32 | 27.73 | 23.2 |
Total Liabilities | 25.77 | 22.12 | 19.56 | 11.63 |
Total Equity | 4.62 | 4.2 | 8.18 | 11.57 |
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Period Length: | 3 Months | 12 Months | 9 Months | 6 Months |
Cash From Operating Activities | -2.21 | -17.59 | -15.3 | -10.31 |
Cash From Investing Activities | 0 | -0.34 | -0.1 | -0.1 |
Cash From Financing Activities | 2.28 | 17.38 | 15.75 | 10.47 |
Net Change in Cash | 0.07 | -0.55 | 0.35 | 0.06 |
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