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REED has become quite the hot stock and has even picked up its pace. |
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Released on Wednesday, August 8, 2012, 6:45 AM ET
Pittsburgh, PA (SpeculatingStocks) - Reeds, Inc. (NASDAQ:REED) is a stock that we have discussed in the past on the topic of the company growing their top line. The maker of top-selling sodas sold in over 13,000 natural food stores and supermarkets nationwide has announced revenue for the second quarter of $7.8 million, a 27% increase. Full year to date revenues were $14.4 million.
REED actually had a Q1 revenue increase of 27% as well. This all continues the trend of REED being a top line winner.
REED continues to see increased attention from investors and has spiked several times this year. REED is now at a 52-week high level after spiking the past two trading days.
The company recently announced several new distribution agreements for different areas of the United States including North Central Alabama, Upstate New York and the South Carolina market. REED is pushing hard to distribute its product and that will lead to more top line growth.
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