{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-011777","form_type":"8-K","ticker":"REED","cik":"0001140215","company_name":"REED'S, INC.","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.502336+00:00","generated_at":"2026-06-04T05:46:10.976069+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Reed's Q4 net sales $11.7M (down 22% YoY); FY operating loss narrows to $9.4M; guides for 2024 profitability","bullets":["Q4 net sales $11.7M (down 22% YoY from $15.0M); adjusted gross profit up 26% to $4.3M.","FY 2023 operating loss improved to $9.4M vs $14.8M; modified EBITDA improved to $(3.7)M from $(13.1)M.","Closed $4.1M SAFE financing in Q1 2024; plans to build inventory to reduce short shipments.","2024 outlook expects net sales growth, gross margin expansion, positive modified EBITDA and operating cash flow."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-011777","json":"https://secwatch.observer/filing/0001493152-24-011777.json","markdown":"https://secwatch.observer/filing/0001493152-24-011777.md","text":"https://secwatch.observer/filing/0001493152-24-011777.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1140215/000149315224011777/0001493152-24-011777-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1140215/000149315224011777/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:46:10.976069+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":"2314579a0d710a30551e1bc5ec364f35a89fdcdb","claim":"REED'S, INC. reported three months ended December 31, 2023 results: revenue $11.7 million.","evidence_excerpt":"Q4 2023 Financial Highlights (vs. Q4 2022): ● Net sales were $11.7 million compared to $15.0 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315224011777/0001493152-24-011777-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended December 31, 2023"},{"label":"Revenue","value":"$11.7 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"87703c5a9a782ec805546fc122c5034538c55252","claim":"REED'S, INC. updated its full year 2024 guidance (initiated).","evidence_excerpt":"FY 2024 Financial Outlook The Company projects net sales growth, gross margin expansion, and to achieve modified EBITDA profitability for the full year 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315224011777/0001493152-24-011777-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2024"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"9e3d60964288ac7d733d9b999e6a93d672028595","claim":"REED'S, INC. reported twelve months ended December 31, 2023 results: revenue $44.7 million.","evidence_excerpt":"FY 2023 Financial Highlights (vs. FY 2022): ● Net sales were $44.7 million compared to $53.0 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315224011777/0001493152-24-011777-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"twelve months ended December 31, 2023"},{"label":"Revenue","value":"$44.7 million"},{"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"}