Reed’s Inc. (OTCBB: REED.OB) reported very strong sales and financial results for 2006 and projects further growth in 2007.
For 2006, Net Sales increased 10.7% to $10.5 million compared to the same period last year. Gross Profit increased 19.3% to $2.1 million.
The Company expects 2007 to be a banner year with first quarter 2007 revenue to increase by approximately 40 – 50%. Further, the outlook for revenue in the full year 2007 is for growth of 20-40%.
The Company appears well positioned to achieve strong results in the high growth “New Age” beverage segment for many years to come.
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