JAMES LINESCH, CFO of Reed’s, bought 25,974 shares of Reed’s at $7.98 per share for the total amount of $207,273 on Jan 2, 2014. As of the time of writing of this story on Jan 3, 2014, Reed’s is trading at $8.10 per share.
According to Capital IQ via Yahoo, James Linesch’s most recent annual compensation was $210K . Mr. Linesch is 58 years old.
Reed’s is located in Los Angeles, California.
Reed’s, Inc. develops, manufactures, markets and sells natural non-alcoholic and new age beverages, candies and ice creams. New age beverages include natural soda, fruit juices and fruit drinks, ready-to-drink teas, sports drinks and water. As of December 31, 2011, the Company manufactured six product lines: offers seven Reed’s Ginger Brew flavors (Extra, Original, Premium, Light 55 Calorie Extra, Cherry Ginger, Raspberry Ginger and Spiced Apple Ginger); Reed’s Energy Elixir; five Virgil’s beverages (Root Beer, Cream Soda, Orange Cream Soda, Black Cherry Cream Soda, and Real Cola); four zero calorie Virgil’s versions; two China Cola beverages (regular and cherry); two Sonoma Sparkler sparkling juices; three kinds of ginger candies (crystallized ginger, ginger chews and peanut butter ginger chews); and three flavors of ginger ice cream (Original, Green Tea, and Chocolate). The Company as of December 31, 2011, manufactures and sells 20 beverages, three candies and three ice creams.
Reed’s has a market cap of $104 million, an enterprise value of $96 million and trailing 12 month revenues of $35 million. Recently, Reed’s made several news announcements.
On December 24, 2013, Reed’s, Inc. (NYSE MKT: REED), maker of the top-selling sodas in natural food stores nationwide and the number two selling Kombucha line of fermented, probiotic organic teas, announced that Haggen Food & Pharmacy has authorized four flavors of Reed’s Culture Club Kombucha in all 32 of their Haggen and Top Food and Drug stores throughout the Oregon and Washington markets.
On December 17, 2013, Reed’s, Inc. (NYSE MKT: REED), also announced that Ingles Markets, Inc. (NASDAQ: IMKTA) has authorized four flavors of Reed’s Culture Club Kombucha in 200+ of their supermarket locations throughout the markets of North and South Carolina, Georgia, Tennessee, Alabama and Virginia.
On December 10, 2013, Reed’s, Inc. (NYSE MKT: REED) announced the addition of a private label beverage into one of the top retailers in the country.
On November 14, 2013, Reed’s announced that revenues increased 28% in the third quarter to $10.1 million in 2013, compared to 2012. Nine month revenues increased 25% to $27.7 million. Gross profit increased 29% to $3.2 million in the third quarter 2013. Net income for the 2013 third quarter was $34,000 compared to net income of $22,000 a year earlier.
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