Reed’s reports Q3 EPS (82c) vs (34c) last year

Reports Q3 revenue $6.752M vs $11.856M last year. “We are encouraged by the decisive steps we’ve taken to improve our balance sheet and liquidity position,” said Norman E. Snyder, Jr., CEO of Reed‘s (REED). “Our majority stockholder’s acquisition of the outstanding note obligations, paired with additional funding from a trusted, long-term partner, is a strong vote of confidence in our business and its potential. To complement these strategic actions, we have appointed a seasoned new board member, enhancing our team’s expertise and positioning us to maximize value for both our shareholders and customers.