Zevia sees FY24 revenue $155M, consensus $154.88M

Sees FY24 adjusted EBITDA loss $15.2M-$15.5M. Taylor continued, “Based on the strong consumer response and engagement levels of the original digital ad, we made the strategic decision to increase our linear advertising in December during NCAA football playoff games and key holiday NFL games, among others. In total, the ad garnered over 292 million impressions, serving to bring Zevia’s (ZVIA) brand voice and unique positioning to a much broader audience. We plan to continue to opportunistically invest in initiatives to further build brand awareness and drive accelerated future growth. This is in part fueled by the significant progress we have made with our productivity initiative, which is expected to result in $15 million in annual cost savings, the majority of which we plan to reinvest in growth initiatives.”