{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-027553","form_type":"8-K","ticker":"REED","cik":"0001140215","company_name":"REED'S, INC.","filed_at":"2023-08-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.232265+00:00","generated_at":"2026-06-11T16:33:00.304746+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Reed's Q2 net sales down 27% to $10.0M; guides FY sales to $48-52M, reiterates margin and EBITDA targets","bullets":["Net sales $10.0M vs $13.7M YoY; shortfall of ~$1.6M due to supplier credit terms constraining inventory.","Operating loss improved to $(1.7)M from $(4.5)M; modified EBITDA loss improved to $(1.6)M from $(4.3)M.","Gross margin expanded 105 bps to 25.1%; management targets >30% for FY 2023.","FY 2023 net sales guidance cut to $48-52M; reaffirms $6M opex savings, modified EBITDA profitable in H2.","Cash $0.4M; total debt $22.8M ($16.2M convertible note, $6.6M revolver); operations used $3.4M cash in Q2."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-027553","json":"https://secwatch.observer/filing/0001493152-23-027553.json","markdown":"https://secwatch.observer/filing/0001493152-23-027553.md","text":"https://secwatch.observer/filing/0001493152-23-027553.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223027553/0001493152-23-027553-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223027553/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T16:33:00.304746+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":"4c0d8edc7307b80ae540a9b8bb7cd9ac6643895e","claim":"REED'S, INC. reported the second quarter ended June 30, 2023 results: revenue $10.0 million. Guidance lowered.","evidence_excerpt":"During the second quarter of 2023, net sales were $10.0 million compared to $13.7 million in the year-ago period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223027553/0001493152-23-027553-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$10.0 million"},{"label":"Guidance","value":"lowered"},{"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"}