Zevia Pbc Class A ( (ZVIA) ) has released its Q4 earnings. Here is a breakdown of the information Zevia Pbc Class A presented to its investors.
Zevia PBC is a public benefit corporation and Certified B Corporation that specializes in producing zero sugar, zero calorie, naturally sweetened beverages. The company operates in the beverage industry, focusing on offering healthier alternatives to traditional sugary drinks, and is distributed across various retail channels in the U.S. and Canada.
In its latest earnings report, Zevia PBC announced a 4.4% increase in net sales for the fourth quarter of 2024, reaching $39.5 million, driven by an 11.6% growth in volume. The company also achieved a record gross profit margin of 49.2% for the quarter, marking a significant improvement over the previous year.
Key financial highlights include a reduction in net loss to $6.8 million for the fourth quarter, an improvement from the previous year’s $9.2 million loss. The adjusted EBITDA loss also showed progress, decreasing to $3.9 million from $6.9 million year-over-year. For the full year, net sales were $155 million, a decline from the previous year, but the company improved its gross profit margin to 46.4% and reduced its net loss to $23.8 million.
Looking forward, Zevia’s management remains optimistic about the company’s growth trajectory, focusing on enhancing brand awareness, accelerating product innovation, and expanding distribution channels. The company expects to see a return to growth in 2025, with projected net sales between $158 million and $163 million, and plans to reinvest cost savings into marketing and promotional activities to drive future growth.
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