{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-013791","form_type":"8-K","ticker":"REED","cik":"0001140215","company_name":"REED'S, INC.","filed_at":"2022-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:59.866431+00:00","generated_at":"2026-06-25T13:50:44.130465+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Reed's Q1 revenue flat at $12.2M; gross margin plunges to 24.1% from 31.7%","bullets":["Net revenue $12.2M (flat YoY) despite 20% order volume growth; gross margin fell to 24.1% from 31.7%.","Operating loss $4.2M ($0.04/share) vs $4.3M loss in Q1 2021; Modified EBITDA -$3.8M vs -$3.4M.","Cash $122k at Mar 31; $5.1M available on $13M revolver; subsequent $11.3M convertible note placement closed.","FY2022 guidance reaffirmed: net sales $59-62M (20-25% growth), gross margin ~30%.","CEO cites supply chain and shipping discipline; expects strong Q2 growth and cash flow positive next year."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-013791","json":"https://secwatch.observer/filing/0001493152-22-013791.json","markdown":"https://secwatch.observer/filing/0001493152-22-013791.md","text":"https://secwatch.observer/filing/0001493152-22-013791.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1140215/000149315222013791/0001493152-22-013791-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1140215/000149315222013791/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T13:50:44.130465+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"19474bdb77f2a8129f27755e43ab004cdb186e6b","claim":"REED'S, INC. reported first quarter ended March 31, 2022 results: revenue $12.2 million. Guidance reaffirmed.","evidence_excerpt":"Reed’s Reports First Quarter 2022 Results Norwalk, CT, (May 16, 2022) — Reed’s, Inc. (NASDAQ: REED) (“Reed’s” or the “Company”), owner of the nation’s leading portfolio of handcrafted, all-natural ginger beverages, is reporting financial results for the three months ended March 31, 2022. Q1 2022 Financial Highlights (vs. Q1 2021): ● Net revenue increased to $12.2 million compared to $12.1 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315222013791/0001493152-22-013791-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2022"},{"label":"Revenue","value":"$12.2 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}