In the third quarter of 2024, Zevia PBC (NYSE: ZVIA) held its earnings conference call, revealing unaudited financial results and discussing forward-looking statements. The call, led by President and CEO Amy Taylor and CFO Girish Satya, provided insights into the company's performance and expectations. The information discussed is available on Zevia's investor relations website.
Key Takeaways
- Zevia PBC conducted its Q3 2024 earnings call, with President and CEO Amy Taylor and CFO Girish Satya presenting.
- The earnings press release and investor presentation are available on the Zevia investor relations website.
- Financial information presented was unaudited.
- The discussion included forward-looking statements subject to risks and uncertainties.
Company Outlook
- Management provided forward-looking statements based on current expectations and beliefs about future events.
Bearish Highlights
- The call highlighted risks and uncertainties that could impact future results.
Bullish Highlights
- The company expressed beliefs concerning future events that could positively affect outcomes.
Misses
- There was no specific mention of misses or underperformance in the provided summary.
Q&A Highlights
- A question-and-answer session was announced to follow the formal presentation, giving participants the opportunity to inquire further about the company's performance and expectations.
Zevia PBC's earnings call for the third quarter of 2024 offered investors a comprehensive view of the company's financial health and future prospects. While the financial details were not disclosed in the summary, the company provided essential information on its website for interested parties. The call included standard caution regarding forward-looking statements, reminding listeners of the inherent risks and uncertainties in such predictions. As Zevia continues to navigate the market, stakeholders are encouraged to review the company's press release and SEC filings for a more detailed understanding of potential risks.
InvestingPro Insights
Zevia PBC's recent earnings call can be further contextualized with some key financial metrics and insights from InvestingPro. As of the latest data, Zevia's market capitalization stands at $80.71 million, reflecting its current position in the beverage industry.
One of the most notable InvestingPro Tips is that Zevia holds more cash than debt on its balance sheet. This financial positioning could provide the company with flexibility as it navigates market challenges and pursues growth opportunities discussed during the earnings call.
However, it's important to note that Zevia's revenue for the last twelve months as of Q3 2024 was $153.38 million, with a revenue growth of -6.47% over the same period. This decline in revenue aligns with the company's need to address market challenges, as likely discussed in the earnings call.
The stock's performance has been mixed, with a strong return of 32.13% over the last three months, but a significant year-to-date decline of -46.27%. This volatility underscores the importance of the forward-looking statements and risk factors mentioned during the earnings call.
Investors should also be aware that analysts do not anticipate the company to be profitable this year, as indicated by another InvestingPro Tip. This expectation may have influenced the discussions around future expectations and strategies during the call.
For those seeking a more comprehensive analysis, InvestingPro offers additional tips and insights that could provide valuable context to Zevia's financial situation and market position. In fact, there are 8 additional InvestingPro Tips available for Zevia, which could offer deeper insights into the company's financial health and market performance.
Full transcript - Zevia Pbc (ZVIA) Q3 2024:
Operator: Greetings, and welcome to Zevia PBC Q3 2024 Earnings Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Reed Anderson from ICR. Please go ahead, sir.
Reed Anderson: Thank you, and welcome to Zevia's third quarter 2024 earnings conference call and webcast. On today's call are Amy Taylor, President and Chief Executive Officer; and Girish Satya, Chief Financial Officer. By now, everyone should have access to the company's third quarter 2024 earnings press release and investor presentation made available this morning. This information is available on the Investor Relations section of Zevia's website at investors.zevia.com. Before we begin, please note that all the financial information presented on today's call is unaudited. Certain comments made on this call include forward-looking statements which are subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs concerning future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in these forward-looking statements. Please refer to today's press release and other filings with the SEC for a detailed discussion of the risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today.
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