---
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"
generated_at: "2026-06-21T22:17:37.377596+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Reed's Q3 net sales fall 10% to $12.1M; gross margin drops to 20.1%; guidance trimmed

## Summary
- 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%).

## SEC filing metadata
- 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
- 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/1140215/000149315222031404/0001493152-22-031404-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140215/000149315222031404/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-031404
- JSON: https://secwatch.observer/filing/0001493152-22-031404.json
- Plain text: https://secwatch.observer/filing/0001493152-22-031404.txt

## Key facts
- Earnings Releases
  REED'S, INC. reported fiscal year 2022 results: revenue $56-59 million. Guidance lowered.
  - Period: fiscal year 2022
  - Revenue: $56-59 million
  - Guidance: lowered
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315222031404/0001493152-22-031404-index.htm
- Earnings Releases
  REED'S, INC. reported the third quarter ended September 30, 2022 results: revenue $12.1 million, EPS $(0.03) per share.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $12.1 million
  - EPS: $(0.03) per share
  - Result: reported results
  source text: Net sales were $12.1 million compared to $13.4 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315222031404/0001493152-22-031404-index.htm

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