Financial Data and Key Metrics Changes - In Q2 2023, net sales were $42.2 million, down 7.2% year-over-year, impacted by a 16.8% decline in volumes due to supply chain disruptions [26][31] - Gross margins improved to 46.6%, up 4.2 percentage points from the same quarter last year, primarily due to price increases and lower aluminum costs [27][31] - Net loss was $3.9 million, an improvement of 64.6% compared to a net loss of $11.1 million in Q2 2022 [31] Business Line Data and Key Metrics Changes - The brand refresh and strong velocity growth were noted, with a 21.3% increase in velocity for the quarter, indicating strong demand when in stock [10][15] - Household penetration remained above 6%, with a 6% increase in brand spend per household [14] Market Data and Key Metrics Changes - Zevia's shoppers spent 40% more on beverages compared to total nonalcoholic beverage shoppers, indicating a strong consumer base [16] - The company experienced strong performance in legacy natural channel retailers and expanded in mainstream channels, with new distribution in various regions [18] Company Strategy and Development Direction - The company is focused on stabilizing its supply chain and returning to best-in-class service levels, with a long-term goal of sustainable profitable growth [23][32] - The brand's mission emphasizes global health, aiming to make better-for-you beverages accessible to consumers across all income levels [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand's long-term potential, with expectations for demand to stabilize and improve by year-end [10][40] - The company anticipates continued challenges in Q3 due to supply chain issues but expects a return to growth in Q4 [32][38] Other Important Information - The company has a healthy balance sheet with $47 million in cash and no outstanding debt as of the end of Q2 2023 [31] - The supply chain transformation is a critical initiative, with plans to consolidate warehouses from 27 to 7 locations [20] Q&A Session Summary Question: Did demand accelerate month-to-month in Q2? - Management confirmed strong demand growth year-over-year, with acceleration noted in July, particularly in top retailers [34][37] Question: What is the visibility and confidence for Q4 improvement? - Management expressed bullishness for Q4, expecting to realize the impact of consumer demand as supply chain issues are resolved [35][40] Question: What is the expected impact of supply chain transition on gross margins? - Management expects gross margins to remain in the mid-40s but acknowledges some pressure due to supply chain costs [44] Question: What are the early reads from the brand refresh? - Early indicators show positive retailer engagement and improved in-store visibility, with anecdotal evidence of increased sales [46][47] Question: How will the supply chain reorientation impact sales? - Management indicated that improved fill rates and display execution will drive sales growth once supply chain issues are resolved [49][50] Question: What are the implications of the brand refresh for long-term growth? - The brand refresh is expected to enhance in-store visibility and drive awareness, supporting long-term growth through expanded distribution [68]

Financial Performance - Net sales for Q2 2023 were $42.241 million, a decrease of 7.4% from $45.542 million in Q2 2022[105] - The net loss attributable to Zevia PBC for Q2 2023 was $3.931 million, compared to a net loss of $11.090 million in Q2 2022[105] - Net sales for the three months ended June 30, 2023, were $42.2 million, a decrease of $3.3 million or 7.2% compared to $45.5 million in the same period of 2022, primarily due to a decrease in equivalized cases sold[106] - For the six months ended June 30, 2023, net sales were $85.5 million, an increase of $1.965 million or 2.4% compared to $83.6 million in the same period of 2022[114] - The company had a net loss of $7.9 million for the six months ended June 30, 2023, compared to a net loss of $32.3 million for the same period in 2022[139] Cost and Profitability - Cost of goods sold for Q2 2023 was $22.549 million, down 14.3% from $26.221 million in Q2 2022, resulting in a gross profit of $19.692 million[105] - Gross profit margin improved to 47% in Q2 2023, compared to 42% in Q2 2022[105] - Gross profit increased by $0.4 million or 1.9% to $19.7 million for the three months ended June 30, 2023, with a gross margin improvement to 46.6% from 42.4% in the prior-year period[108][109] - Gross profit for the six months ended June 30, 2023, was $39.8 million, an increase of $4.6 million or 13.1%, with a gross margin of 46.5% compared to 42.1% in the prior-year period[116][117] Expenses - Selling and marketing expenses increased to $16.1 million in Q2 2023, representing 38% of net sales, up from 35% in Q2 2022[105] - General and administrative expenses decreased to $6.207 million in Q2 2023, down from $9.818 million in Q2 2022, reflecting a decline as a percentage of net sales[105] - Selling and marketing expenses rose by $0.2 million or 1.4% to $16.1 million for the three months ended June 30, 2023, largely due to higher freight transfers and marketing spend[110] - General and administrative expenses decreased by $3.6 million or 36.8% to $6.2 million for the three months ended June 30, 2023, primarily due to a reduction in employee costs and public company costs[111] - Equity-based compensation expenses dropped significantly by $5.7 million to $2.4 million for the three months ended June 30, 2023, mainly due to the acceleration of vesting of awards in the prior year[112] Cash Flow and Liquidity - As of June 30, 2023, the company had $47.0 million in cash and cash equivalents, which, along with operating activities and available borrowings, is expected to provide adequate liquidity for ongoing operations[123] - For the six months ended June 30, 2023, the company reported net cash provided by operating activities of $1.1 million, a significant improvement compared to a net cash used of $19.6 million for the same period in 2022[136][138] - The company utilized a revolving credit facility with a commitment of $20 million, which matures on February 22, 2027, and has not drawn any amounts under this facility as of the reporting date[132] - The company is required to maintain liquidity of $7 million until December 31, 2023, and as of June 30, 2023, it was in compliance with this liquidity covenant[134] Future Outlook - The company expects to resolve supply chain challenges by the end of 2023, which have impacted net sales[88] - The company anticipates continued inflationary pressures and increased operating costs throughout 2023[90] - Future capital requirements will depend on revenue growth and expenditures, with potential needs for additional financing if existing resources are insufficient[125] - The company anticipates that a significant portion of potential future payments under the TRA will be payable over 15 years, contingent on generating sufficient income to utilize tax deductions[130] Supply Chain and Commodity Risks - The company has a two-year agreement for stevia extract supply that expired on May 30, 2023, and was extended through September 15, 2023, with ongoing negotiations for a new agreement[156] - The company is actively seeking to diversify its sources of supply and intends to enter into additional long-term contracts to stabilize raw material prices[158] - The majority of sales and costs are in U.S. dollars, minimizing foreign exchange risk, but sourcing from international suppliers could increase exposure to exchange rate fluctuations[159] - Inflation has materially affected the company's business, and prolonged significant inflationary pressures could harm financial performance if costs cannot be offset by price increases[160] - The company faces commodity risks related to aluminum, diesel fuel, cartons, and corrugate, with limited ability to recover increased costs through higher pricing due to competitive pressures[161]

Financial Data and Key Metrics Changes - In Q1 2023, Zevia reported net sales of $43.3 million, reflecting a 13.8% increase year-over-year, despite a 2.7% decline in volume [9][24] - Gross margin improved to 46.4%, marking a 4.7 percentage point increase compared to the same quarter last year, driven by pricing and lower promotional spend [25][29] - The net loss for Q1 2023 was $2.9 million, a significant improvement from a net loss of $17.5 million in Q1 2022, representing an 83.3% reduction [28] Business Line Data and Key Metrics Changes - The growth in net sales was primarily driven by higher price realization, with volume down 2.7% to $3.3 million [25] - The singles business is experiencing strong growth, with new item distribution accounting for 78% of growth in Q1 [16][17] - Zevia's household penetration stands at 6.4%, with households increasing their brand spend by over 12% in the past year [11] Market Data and Key Metrics Changes - Zevia's retail dollar sell-through reached its highest Q1 on record, with strong performance in e-commerce [13] - The company gained 2,700 new stores selling soda in the quarter, with 64% of shoppers in club stores being new to the brand [18] - The consumer shift to larger pack sizes continues, with larger packs now accounting for over 50% of business in measured channels [20] Company Strategy and Development Direction - Zevia is focusing on profitable growth and has made strategic shifts since mid-2022 to enhance distribution and trial [6][7] - The company plans to invest in marketing and supply chain improvements to support a brand refresh and growth [23][30] - A brand refresh is expected to enhance visibility and consumer resonance, with a new logo and packaging design [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving continued double-digit growth for the year, supported by the brand refresh and supply chain transformation [23] - The company anticipates challenges in the supply chain transition but expects long-term benefits from these changes [39][45] - Management noted that the pricing strategy is in line with market trends, and early indicators suggest consumers are adjusting to new price points [48] Other Important Information - Adjusted EBITDA loss improved to $0.5 million from a loss of $8.3 million in Q1 2022, indicating progress towards profitability [29] - The company maintains a strong balance sheet with $56 million in cash and no outstanding debt [29] Q&A Session Summary Question: Did you ship any of the brand refresh during Q1? - Yes, some products are already in stores, including new flavors and packaging [31] Question: Should we expect volume growth in Q2 due to the brand refresh? - Anticipated growth will largely be price-driven, with the brand refresh expected to impact business in late Q2 [32] Question: What are the expected impacts of the supply chain changes on profitability? - There will be one-time costs associated with transitioning the supply chain, but these changes are expected to benefit long-term profitability [39][40] Question: How do you expect to achieve the higher end of your sales guidance? - Smooth operational execution, continued consumer demand, and effective management of stock levels are crucial for reaching the higher end of guidance [46] Question: What is the outlook for the club channel? - The club channel continues to grow, with significant opportunities for increased distribution and sales of various product categories [70][72]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40630 Zevia PBC (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organiz ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40630 Zevia PBC (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization ...

Q4 AND FULL YEAR 2022 FINANCIAL RESULTS FEBRUARY 28, 2023 SIULEMENT This presentation and the related earnings press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as "guidance," "believe," "anticipate," "expect," ...

Zevia PBC (NYSE:ZVIA) Q4 2022 Earnings Conference Call February 28, 2023 8:30 AM ET Company Participants Reed Anderson - Managing Director, ICR Amy Taylor - President and Chief Executive Officer Denise Beckles - Chief Financial Officer Conference Call Participants Ethan Huntley - Goldman Sachs Bryan Spillane - Bank of America Jim Salera - Stephens Andrew Strelzik - BMO Chris Carey - Wells Fargo Cristina Fernandez - Telsey Advisory Group Operator Greetings and welcome to the Zevia PBC Fourth Quarter 2022 E ...

Zevia PBC (NYSE:ZVIA) Q3 2022 Earnings Conference Call November 10, 2022 8:30 AM ET Company Participants Reed Anderson - Investor Relations Amy Taylor - President and Chief Executive Officer Denise Beckles - Chief Financial Officer Conference Call Participants Bonnie Herzog - Goldman Sachs Ben Bienvenu - Stephens Inc Bryan Spillane - Bank of America Andrew Strelzik - BMO Chris Carey - Wells Fargo Securities Joe Feldman - Telsey Advisory Group Operator Greetings and welcome to the Zevia PBC Q3 2022 Earnings ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40630 Zevia PBC (Exact Name of Registrant as Specified in its Charter) Delaware 86-2862492 (State or Other Jurisdiction of ...

al G Q2 2022 FINANCIAL RESULTS AUGUST 11, 2022 STATEMENT This presentation and the related earnings press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as "guidance," "believe," "anticipate," "expect," "estimate," ...