secwatch.observer — SEC 8-K summary
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Issuer:     REED'S, INC. (REED)
CIK:        0001140215
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001493152-23-003246
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140215/000149315223003246/0001493152-23-003246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140215/000149315223003246/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-003246

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer