Reed's Inc. 1st Quarter 2012 Revenues Increase 27%
Reed's, Inc. (NASDAQ: REED) today announced its revenues for its first quarter ended March 31, 2012.
Revenues for the first quarter of 2012 increased to $6.5 million from $5.1 million in the first quarter of 2011.
"This is our 10th quarter of double-digit revenue growth," stated Chris Reed, Founder and CEO of Reed's, Inc. "Our business model continues to drive positive growth, with our Reed's branded business growing at 26% and our private label brands growing at 54% during the first quarter 2012. We are off to a strong start for the year. We're confident in our ability to deliver sustained double digit growth for the remainder of the year."
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