Zevia Preliminary Q4, FY24 Net Sales Beat Estimates; Stock Falls

(RTTNews) - Zevia PBC (ZVIA), Monday announced preliminary results, reporting net sales of approximately $39.5 million for the fourth quarter, and nearly $155 million for the fiscal year 2024.

Analysts, on average, estimate sales of $39.24 million and $154.88 million for the fourth quarter and full year 2024, respectively.

The company's adjusted EBITDA loss for the fourth quarter is expected to be $3.9 million to $4.2 million as compared to last year's $6.8 million, whereas for the full year 2024, it is predicted to be $15.2 to $15.5 million as compared to $19.0 million in the previous year.

Currently, Zevia's stock is moving down 11.09 percent, to $3.93 on the New York Stock Exchange.