Reed's, Inc. announced its revenues for its first quarter ended March 31, 2013, and its earnings release date of May 14, 2013.
Revenues for the first quarter of 2013 increased 24 percent to more than $8 million from $6.5 million in the first quarter of 2012. Chris Reed, founder and CEO, stated, "This is our fourth year of significant growth. Our revenue goals for this first quarter were exceeded and indicate the strength of our continued growth momentum. This is an exciting year unfolding as we continue to expand revenues with our core brands of Reed's Ginger Brews and Virgil's Natural Sodas. Our new Reed's Culture Club Kombucha line of live probiotic cultured teas continues to roll out and gain acceptance. In addition, we continue to develop significant new private label production opportunities. We anticipate continued strong growth for the rest of 2013."