ENCINO, Calif. (AP) — ENCINO, Calif. (AP) — Zevia PBC (ZVIA) on Tuesday reported a loss of $3.9 million in its second quarter.
The Encino, California-based company said it had a loss of 8 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The stevia-sweetened soda maker posted revenue of $42.2 million in the period.
For the current quarter ending in September, Zevia said it expects revenue in the range of $38 million to $41 million.
The company expects full-year revenue in the range of $163 million to $168 million.
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, source Associated Press News