Reed's Inc. (REED) Reports Record Revenues for Fiscal 2008; Sees Continued Growth in 2009, Article Posted on BeaconEquity.com
Company posts record revenue and a gross profit increase of 68% over 2007 to $3.4 million; anticipates additional improvement in 2009 gross profit of 20% to 40%.
(EMAILWIRE.COM, April 01, 2009 ) DALLAS, Texas - BeaconEquity.com announces the publication of an article covering Reed's financial report for 2008, including a 68% gross profit increase and an increase in sales of 17%.
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
“Los Angeles, California-based Reed's recently announced its financial results for the year ending December 31, 2008. Highlighting its nationwide market penetration strategy, the company posted record revenue and a 68% gross profit increase to $3.4 million. … According to founder and CEO Chris Reed, the company's success in natural foods is transitioning to the mainstream and it is showing in their financial results.”
Reed’s fiscal 2008 net sales increase by 17%, with an anticipated gross profit of 20% to 40% in 2009:
“For its fiscal 2008, net sales increased 17% to $15.3 million compared to 2007 while the company implemented cost cutting initiatives during 2008 that decreased operating expenses (OPEX) from $2.5 million in the first quarter to $1.4 million in the fourth quarter. … Looking forward, the company anticipates gross profit of 20% to 40% in 2009. Also, Reed's expects further reduction in operating expenses of $2.5 million for full year 2009 and operating cash flow of breakeven by the end of the year.”
To read the entire article visit http://www.beaconequity.com/m
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BeaconEquity.com is one of the industry’s largest small cap research providers. Beacon strives to provide a balanced view of many promising small cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit: http://www.beaconequity.com/m
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. BeaconEquity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
“Los Angeles, California-based Reed's recently announced its financial results for the year ending December 31, 2008. Highlighting its nationwide market penetration strategy, the company posted record revenue and a 68% gross profit increase to $3.4 million. … According to founder and CEO Chris Reed, the company's success in natural foods is transitioning to the mainstream and it is showing in their financial results.”
Reed’s fiscal 2008 net sales increase by 17%, with an anticipated gross profit of 20% to 40% in 2009:
“For its fiscal 2008, net sales increased 17% to $15.3 million compared to 2007 while the company implemented cost cutting initiatives during 2008 that decreased operating expenses (OPEX) from $2.5 million in the first quarter to $1.4 million in the fourth quarter. … Looking forward, the company anticipates gross profit of 20% to 40% in 2009. Also, Reed's expects further reduction in operating expenses of $2.5 million for full year 2009 and operating cash flow of breakeven by the end of the year.”
To read the entire article visit http://www.beaconequity.com/m
Join the fastest growing investor community at: http://www.stockhideout.com/
BeaconEquity.com’s Market News is one of the fastest growing small cap blogs in the investment community. Beacon is the authority on research in the small cap sector, and our analysts strive each day to find the stocks that are poised to be the biggest movers before the rest of the market is aware of them.
We encourage investors to subscribe to our FREE newsletter filled with daily trading ideas.
BeaconEquity.com is one of the industry’s largest small cap research providers. Beacon strives to provide a balanced view of many promising small cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit: http://www.beaconequity.com/m
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. BeaconEquity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
Contact Information:
Beacon Equity
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Beacon Equity
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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