Reed's Inc. Reports 24 Percent Rise In Net Revenues Year-End 2013

Reed’s Inc. announced the financial results for its fiscal year ending Dec. 31, 2013. Gross revenues increased 28 percent to $42.2 million in 2013, compared to 2012. Net revenues increased 24 percent to $37.3 million in 2013. Gross profit increased 18 percent to $10.8 million in 2013. Earnings before non-cash items and finance costs (modified EBITDA) decreased $1 million during 2013 to $13,000 while net loss for the 2013 fiscal year was $1,520,000 compared to a loss of $524,000 a year earlier. Working capital at Dec. 31, 2013 was $1.3 million, as compared to $2.3 million at Dec. 31, 2012. Full report.