earnings
confidence high
sentiment negative
materiality 0.75
Zevia Q2 net sales $45.5M (+33% YoY), net loss $14.8M; reaffirms FY guidance $177-182M
Zevia PBC
2022-Q2 EPS reported
-$0.57
revenue$83,576,000
- Net sales of $45.5M beat guidance of $41-43M; unit volume up 30% to 3.9M cases.
- Net loss of $14.8M ($0.28/share) includes $8.0M non-cash equity compensation; adjusted EBITDA loss $6.4M.
- Gross margin fell to 38.1% from 47.3% a year ago on broad-based inflationary pressures.
- Added 1.4M new households in last 12 months (total 7.8M); reaffirmed FY2022 net sales guidance of $177-182M.
- Cash and short-term investments $49.6M; no debt; cash used in operations $19.6M in H1 2022.