{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-031404","form_type":"8-K","ticker":"REED","cik":"0001140215","company_name":"REED'S, INC.","filed_at":"2022-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.732605+00:00","generated_at":"2026-06-21T22:17:37.377596+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 Q3 net sales fall 10% to $12.1M; gross margin drops to 20.1%; guidance trimmed","bullets":["Net sales $12.1M vs $13.4M YoY; $3.8M delayed shipment pushed into Q4.","Gross margin 20.1% vs 28.9% due to lower revenue, higher promo spend, and mix.","Operating loss narrowed to $2.5M ($0.03/share) from $3.7M; operating expenses down 35%.","Modified EBITDA loss improved to $2.2M from $3.1M; cash used in ops just $177k vs $5.0M.","FY2022 guidance: net sales $56-59M (13-19% growth), gross margin ~25% (down from 27.4%)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-031404","json":"https://secwatch.observer/filing/0001493152-22-031404.json","markdown":"https://secwatch.observer/filing/0001493152-22-031404.md","text":"https://secwatch.observer/filing/0001493152-22-031404.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1140215/000149315222031404/0001493152-22-031404-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1140215/000149315222031404/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T22:17:37.377596+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":"57901fb6b31bfe1f971204f29a99bc32c2c85970","claim":"REED'S, INC. reported fiscal year 2022 results: revenue $56-59 million. Guidance lowered.","evidence_excerpt":"of October 31, 2022, the Company had approximately $253,000 of cash. FY 2022 Financial Guidance and Outlook Reed’s expects 2022 net sales to range between approximately $56-59 million, reflecting growth of approximately 13-19% from 2021. The Company also expects gross margin in 2022 to be approximately 25% compared to 27.4% in 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315222031404/0001493152-22-031404-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2022"},{"label":"Revenue","value":"$56-59 million"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"8d649809edf19e0cc60d6352734d9c9320ed6cc4","claim":"REED'S, INC. reported the third quarter ended September 30, 2022 results: revenue $12.1 million, EPS $(0.03) per share.","evidence_excerpt":"Net sales were $12.1 million compared to $13.4 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315222031404/0001493152-22-031404-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2022"},{"label":"Revenue","value":"$12.1 million"},{"label":"EPS","value":"$(0.03) per share"},{"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"}