---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-003246"
form_type: "8-K"
ticker: "REED"
cik: "0001140215"
company_name: "REED'S, INC."
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T03:27:26.939002+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Reed's preliminary Q4 2022 revenue up 18% to $15.1M; guides to positive Modified EBITDA by Q2 2023

## Summary
- Preliminary Q4 net revenue $15.1M (+18% YoY); gross margin ~26% (+530 bps).
- Preliminary FY 2022 net revenue $53.1M (+7% YoY); gross margin ~24% vs 27%.
- Q4 Modified EBITDA loss improved to $(1.9)M from $(3.9)M; FY loss $(12.2)M vs $(13.5)M.
- FY 2023 guidance: double-digit revenue growth, margin >30%, positive Modified EBITDA by Q2, and positive cash flow.
- Expects >$6M in operating cost savings from 2022 levels across COGS, delivery, marketing, and G&A.

## SEC filing metadata
- accession: 0001493152-23-003246
- form_type: 8-K
- ticker: REED
- cik: 0001140215
- company_name: REED'S, INC.
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140215/000149315223003246/0001493152-23-003246-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140215/000149315223003246/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-003246
- JSON: https://secwatch.observer/filing/0001493152-23-003246.json
- Plain text: https://secwatch.observer/filing/0001493152-23-003246.txt

## Key facts
- Earnings Releases
  REED'S, INC. reported Q4 2022 results: revenue approximately $15.1 million.
  - Period: Q4 2022
  - Revenue: approximately $15.1 million
  - Result: preliminary results
  source text: Preliminary Q4 2022 Financial Highlights (vs. Q4 2021) ● Net revenue is projected to increase 18% to approximately $15.1 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315223003246/0001493152-23-003246-index.htm
- Earnings Releases
  REED'S, INC. reported FY 2022 results: revenue approximately $53.1 million.
  - Period: FY 2022
  - Revenue: approximately $53.1 million
  - Result: preliminary results
  source text: Preliminary FY 2022 Financial Highlights (vs. 2021) ● Net revenue is projected to increase 7% to approximately $53.1 million compared to $49.6 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315223003246/0001493152-23-003246-index.htm
- Earnings Releases
  REED'S, INC. updated its FY 2023 guidance (initiated).
  - Period: FY 2023
  - Guidance: initiated
  - Result: guidance update
  source text: FY 2023 Financial Outlook The Company projects double-digit net revenue growth in 2023, gross margin to surpass 30%, and modified EBITDA to turn profitable by the end of the second quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315223003246/0001493152-23-003246-index.htm

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