Reeds Reports $5M Loss

The beverage maker posted revenue of $13.7 million in the second quarter.

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Reeds Inc./Globe Newswire

NORWALK, Conn. (AP) β€” Reeds Inc. on Thursday reported a loss of $5.1 million in its second quarter.

On a per-share basis, the Norwalk, Connecticut-based company said it had a loss of $0.05.

The beverage and candy company posted revenue of $13.7 million in the period.

Reeds expects full-year revenue in the range of $59 million to $62 million.

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