Reeds: 4Q Earnings Snapshot
NORWALK, Conn. (AP) _ Reeds Inc. (REED) on Thursday reported a loss of $3.8 million in its fourth quarter.
On a per-share basis, the Norwalk, Connecticut-based company said it had a loss of 9 cents.
The beverage and candy company posted revenue of $7.2 million in the period.
For the year, the company reported that its loss widened to $16.1 million, or 46 cents per share. Revenue was reported as $33.8 million.
In the final minutes of trading on Thursday, the company’s shares hit 60 cents. A year ago, they were trading at $2.52.