today appreciate you results. XXXX quarter good everyone. to Thank afternoon, discuss third We you, joining and us our
comparison in delayed navigate the bottles to earlier by in sales pushed of press a environment, our of net were as products we Net Below our quarter. to of quarter profit that in benefit our EBITDA sales accretive. today, a began during margin fourth record a reflected during margins QX, led significant our realize by expenses continue reduction mentioned of to we in portion shipment challenging swing-lid these affected for into release last especially improved As which QX XX% market savings year. gross the gross impacted are the sales the that line, quarter, initiatives, operating modified the cost to a
we we of to positive results, reductions Despite locked-in during the that XXXX. months. cost QX savings goal half product and as EBITDA additional on second our We modified and take next in the expect our will effect target to achieve transportation few cost have see cash reaching remain the further near-term over of flow
to Turning key Reed's our categories Ginger with across product beginning few a Beer. highlights
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add to expect the retailers several ahead. in We months additional
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Pacific localized regions, with key New distributors Looking at we to playbook, a marketing and through consumer York regional our incentives broaden focus and on to including retail Metro Northwest, selected Phoenix California, have our sales plan development, Southern reach our more further City four demos. the market in-store
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nationwide, limited Sprouts our our added our Cauldron including supplementing Spiced Nutmeg approximately our the we XXX Cream Cider Root Bavarian in and during introduced Sprouts edition launches Regarding our Apple popular other Soda, Flying Virgil's we swing-lids Beer. – offerings, new Butterscotch quarter, Harvest third stores
supply our to chain Moving initiatives.
we implemented in the during a quarter, operating savings of the a earlier, past by reducing third of larger reduction we transportation and expenses reduce increased our performance. on-time increased In throughput to our shipping in significantly and are OTIF year, the transportation benefits percentage mentioned costs, I realizing shipments a by cost reduction As or XX% freight XX% costs. out-of-network reflected cans, initiatives in-full led order by over
purchasing savings We ingredient label reduced fees through tolling to and inbound efficiencies, generate continue and also optimization, freight.
cost We corrugate XXXX. will co-packer board have signed improved fees, months in further of the can ahead and which pricing, in as agreements QX lower our and profitability better for reduce pricing, as well all improve and
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comprehensive active trial discussions national boost retailers a introduce distribution program in promotional are product that availability. new multiple will and sampling current We to into and to expand
February, as to to an Tom, I we well meet which our were filing In NASDAQ's interim issue for to Before to meet to for an price us. in have XXXX minimum order to compliance were statement, hearing certain the we our to returning results Tom regarding we putting public have and clear, to closing registration be behind NASDAQ’s for and before of XXXX standards split $X through forward pass required including To until granted requirements. walk look I fully with a call financial listing now of Q&A. will with approval our provide pass regaining stockholder we executed. regain recent bid, To milestones, extension the remarks October, expectation reverse this as every compliance the both successfully listing listing. call with a in want of update summarize, I NASDAQ
