{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-019741","form_type":"8-K","ticker":"REED","cik":"0001140215","company_name":"REED'S, INC.","filed_at":"2023-06-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.046418+00:00","generated_at":"2026-06-14T08:59:10.880824+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Reed's Q1 net sales down to $11.2M; secures $5.6M financing; reiterates FY profitability targets","bullets":["Net sales $11.2M vs $12.2M YoY; operating loss improved to $(2.6)M from $(4.2)M.","Modified EBITDA loss improved to $(2.3)M vs $(3.8)M; gross margin flat at 24.2%.","Secured $4.1M PIPE from D&D and top shareholders plus $1.5M note augmentation for total $5.6M.","FY2023 outlook: net sales growth expected, gross margin to surpass 30%, modified EBITDA positive in H2.","Cash $2.3M, total debt $22.4M as of May 31, 2023; inventory challenges offset net sales by >$1.6M."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-019741","json":"https://secwatch.observer/filing/0001493152-23-019741.json","markdown":"https://secwatch.observer/filing/0001493152-23-019741.md","text":"https://secwatch.observer/filing/0001493152-23-019741.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223019741/0001493152-23-019741-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223019741/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T08:59:10.880824+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":"14a5cdeede96f5739ac41401eddbf1db04b66713","claim":"REED'S, INC. reported the three months ended March 31, 2023 results: revenue $11.2 million, EPS $(1.01) per share.","evidence_excerpt":"of handcrafted, natural ginger beverages, is reporting financial results for the three months ended March 31, 2023. Q1 2023 Financial Highlights (vs. Q1 2022): ● Net sales were $11.2 million compared to $12.2 million. ● Gross profit was $2.7 million compared to $2.9 million, with gross margin of 24.2% compared to 24.1%. ● Delivery and handling costs declined 25% to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223019741/0001493152-23-019741-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$11.2 million"},{"label":"EPS","value":"$(1.01) 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"}