Zevia Q4 Loss Narrows, Sales Improve

(RTTNews) - Zevia PBC (ZVIA), a beverage company, Wednesday reported net loss of $5.76 million or $0.09 per share for the fourth quarter, lower than $7.26 million or $0.14 per share loss in the same quarter a year ago.

Sales for the quarter increased 4.4 percent to $39.46 million from $37.79 million in the previous year.

Analysts on average expected the company to report a loss of $0.08 per share on revenue of $39.49 million for the quarter. Analysts' estimates typically exclude special items.

For the first quarter, Zevia sees net sales to be in the range of $36 million to $38 million. The consensus estimate stands at $40.75 million.

For the full year, the company expects net sales to be between $158 million and $163 million. The Street is looking for sales of $164.89 million.