---
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"
generated_at: "2026-06-25T13:50:44.130465+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Reed's Q1 revenue flat at $12.2M; gross margin plunges to 24.1% from 31.7%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-013791
- JSON: https://secwatch.observer/filing/0001493152-22-013791.json
- Plain text: https://secwatch.observer/filing/0001493152-22-013791.txt

## Key facts
- Earnings Releases
  REED'S, INC. reported first quarter ended March 31, 2022 results: revenue $12.2 million. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2022
  - Revenue: $12.2 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315222013791/0001493152-22-013791-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.