{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-040114","form_type":"8-K","ticker":"REED","cik":"0001140215","company_name":"REED'S, INC.","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.336474+00:00","generated_at":"2026-06-08T06:06:21.621664+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Reed's Q3 gross margin surges to 34%; first modified EBITDA profit since 2016","bullets":["Q3 net sales $11.9M (-2% YoY); gross profit $4.0M (+66% YoY); gross margin 34.0% vs 20.1%.","Operating loss narrowed to $0.1M from $2.5M; modified EBITDA turned positive at $0.2M vs -$2.2M.","SG&A down 14% to $2.3M; delivery & handling costs cut 15% to $2.98/case.","FY2023 net sales guidance revised to $45-$47M due to inventory shortages; expects to maintain EBITDA profitability.","Cash $1.0M; total debt $26.8M ($17.1M convertible note, $9.7M revolver); $3.1M revolver available."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-040114","json":"https://secwatch.observer/filing/0001493152-23-040114.json","markdown":"https://secwatch.observer/filing/0001493152-23-040114.md","text":"https://secwatch.observer/filing/0001493152-23-040114.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223040114/0001493152-23-040114-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223040114/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T06:06:21.621664+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":"2a58aa4fbf73307c02d6189850731b888b82efd1","claim":"REED'S, INC. reported three months ended September 30, 2023 results: revenue $11.9 million, EPS $(0.03) per share. Guidance reaffirmed.","evidence_excerpt":"natural ginger beverages, is reporting financial results for the three months ended September 30, 2023. Q3 2023 Financial Highlights (vs. Q3 2022): ● Net sales were $11.9 million compared to $12.1 million. ● Gross profit increased 66% to $4.0 million compared to $2.4 million, with gross margin up 1,390 basis points to 34.0% compared to 20.1%. ● Delivery","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315223040114/0001493152-23-040114-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended September 30, 2023"},{"label":"Revenue","value":"$11.9 million"},{"label":"EPS","value":"$(0.03) per share"},{"label":"Guidance","value":"reaffirmed"},{"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"}