{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-009500","form_type":"8-K","ticker":"REED","cik":"0001140215","company_name":"REED'S, INC.","filed_at":"2023-03-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.971768+00:00","generated_at":"2026-06-17T09:58:03.360921+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Reed's Q4 net sales up 18% to $15.0M; gross margin expands 250bps; reiterates FY23 outlook","bullets":["Q4 net sales record $15.0M (+18% YoY); gross profit $3.5M (+32%); gross margin 22.9% vs 20.4%.","Operating loss improved to $2.8M from $4.4M; Modified EBITDA loss improved 36% to $2.5M.","FY22 net sales $53.0M (+7%); operating loss improved to $14.0M from $16.0M; Modified EBITDA loss $12.8M.","Reiterates FY23 outlook: double-digit revenue growth, gross margin >30%, $6M opex cuts, positive Modified EBITDA and cash flow in H2.","Expanded distribution at Whole Foods (7 new products) and Loblaws (500+ stores in Canada); appointed Chris Burleson as CCO."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-009500","json":"https://secwatch.observer/filing/0001493152-23-009500.json","markdown":"https://secwatch.observer/filing/0001493152-23-009500.md","text":"https://secwatch.observer/filing/0001493152-23-009500.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223009500/0001493152-23-009500-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223009500/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T09:58:03.360921+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":"3ae3460348f4ffcc3125398a55f55c4991c0c5eb","claim":"REED'S, INC. reported three months ended December 31, 2022 results: revenue $15.0 million, EPS ($1.19) per share.","evidence_excerpt":"2 ex99-1.htm Exhibit 99.1 Reed’s Reports Fourth Quarter and Full Year 2022 Results and Reiterates Its 2023 Financial Outlook - Q4 2022 Net Sales Grew 18% to a Record $15.0 million, Gross Margins Expanded +250bps and Operating Expenses Declined 10% - - Continued Double-Digit Net Sales Growth, Gross Margin Expansion and Operating Expense Reductions to Drive","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223009500/0001493152-23-009500-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended December 31, 2022"},{"label":"Revenue","value":"$15.0 million"},{"label":"EPS","value":"($1.19) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"8fa514e2ddd62b1e13651ff6683da354187ef7c0","claim":"REED'S, INC. updated its FY 2023 guidance (reaffirmed).","evidence_excerpt":"The Company is reiterating its previously issued guidance and projects double-digit net revenue growth in 2023, gross margin to surpass 30%, $6 million of operating expense reductions and modified EBITDA to turn profitable by the second half of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223009500/0001493152-23-009500-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FY 2023"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"b831d179e1a4168cc82f825176bd1dc86cb17cbc","claim":"REED'S, INC. reported three and twelve months ended December 31, 2022 results: revenue $15.0 million Q4 2022; $53.0 million FY 2022, EPS ($1.19) per share Q4 2022; no FY 2022 EPS provided.","evidence_excerpt":"On March 29, 2023 Reed’s, Inc., a Delaware corporation (the “company” or “Reed’s”) issued a press release announcing financial results for the fourth quarter and full fiscal year ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223009500/0001493152-23-009500-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three and twelve months ended December 31, 2022"},{"label":"Revenue","value":"$15.0 million Q4 2022; $53.0 million FY 2022"},{"label":"EPS","value":"($1.19) per share Q4 2022; no FY 2022 EPS provided"},{"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"}