Reed’s inc provides prelim q1 2020 results, reiterates fiscal 2020 annual guidance

Reed’s, inc. provides preliminary first quarter 2020 results and reiterates fiscal 2020 annual guidance.sees q1 2020 sales about $8.8 million to $9.0 million.sees q1 2020 sales up 4.2 to 6.5 percent.fiscal 2020 core brand net sales are expected to increased approximately 10.0% to $37.2 million, compared to $33.8 million in prior year.gross margin for full year 2020 is expected to be approximately 32.0%, up from 23.3% in prior year.q1 gross margin is estimated to be approximately 28.5% to 29.5% compared to 29.6% in prior year.q1 modified ebitda is estimated to narrow by about 22.6% to 31.2% to range of negative $1.8 million to negative $1.6 million from negative $2.3 million.q1 revenue view $8.5 million -- refinitiv ibes data.fy2020 revenue view $36.9 million -- refinitiv ibes data.
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