NYSE:ZVIABeverage
Zevia (ZVIA) Stock Sinks As Margin Pressure Deepens Loss Concerns
Zevia PBC stock just sank 13.5% to about US$1.48, even though the headline from this quarter was not a collapse in sales. The real story was a squeeze in profitability that kept the market on edge. Net sales for the quarter sat at US$45.0m, but earnings per share stayed in loss territory and investors reacted fast.
Step back from today’s price drop and a different picture starts to form. Zevia is still growing its trailing twelve month revenue and has been narrowing losses over several years...