Zevia Q4 net sales up 6.9% to $37.8M but net loss widens to $9.2M; guides Q1 sales $38-40M

Zevia PBC

2023-FY EPS reported -$0.41 revenue$166,424,000

Q4 net sales $37.8M (+6.9% YoY), unit volume up 3.7% to 2.8M cases.
Q4 net loss $9.2M vs $6.2M loss a year ago; diluted EPS -$0.14.
Q4 gross margin 40.7% (-3.6pp) due to inventory losses from supply chain transition.
Full year 2023 net sales $166.4M (+2.0%); net loss $28.3M improved from $47.6M in 2022.
Guides Q1 2024 net sales $38M-$40M; cash $32M, no debt, $20M unused credit line.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Zevia PBC reported the full year ended December 31, 2023 results: revenue $166.4 million, net income $28.3 million, EPS $0.41 per diluted share.

Period: the full year ended December 31, 2023
Revenue: $166.4 million
Net income: $28.3 million
EPS: $0.41 per diluted share
Result: reported results

Exact text from the filing

was $6.8 million (1) • Loss per share was $0.14 per diluted share to Zevia’s Class A Common stockholders Full Year 2023 Highlights • Net sales increased 2.0% year over year to $166.4 million, reflecting the impact of short-term supply chain disruptions encountered during the year • Unit volume decreased 6.9% year over year to 12.7 million equivalized cases • Gross

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Zevia PBC reported the fourth quarter ended December 31, 2023 results: revenue $37.8 million, net income $9.2 million, EPS $0.14 per diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $37.8 million
Net income: $9.2 million
EPS: $0.14 per diluted share
Result: reported results

Exact text from the filing

occasions today reported results for the fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023 Highlights • Net sales increased 6.9% year over year to $37.8 million, returning to growth • Unit volume increased 3.7% year over year to 2.8 million equivalized cases • Gross profit margin was 40.7%, down 3.6 percentage points year over year,

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Source: SEC EDGAR

accession 0000950170-24-020621

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