---
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"
generated_at: "2026-06-04T05:46:10.976069+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Reed's Q4 net sales $11.7M (down 22% YoY); FY operating loss narrows to $9.4M; guides for 2024 profitability

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-011777
- JSON: https://secwatch.observer/filing/0001493152-24-011777.json
- Plain text: https://secwatch.observer/filing/0001493152-24-011777.txt

## Key facts
- Earnings Releases
  REED'S, INC. reported three months ended December 31, 2023 results: revenue $11.7 million.
  - Period: three months ended December 31, 2023
  - Revenue: $11.7 million
  - Result: reported results
  source text: Q4 2023 Financial Highlights (vs. Q4 2022): ● Net sales were $11.7 million compared to $15.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315224011777/0001493152-24-011777-index.htm
- Earnings Releases
  REED'S, INC. updated its full year 2024 guidance (initiated).
  - Period: full year 2024
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315224011777/0001493152-24-011777-index.htm
- Earnings Releases
  REED'S, INC. reported twelve months ended December 31, 2023 results: revenue $44.7 million.
  - Period: twelve months ended December 31, 2023
  - Revenue: $44.7 million
  - Result: reported results
  source text: FY 2023 Financial Highlights (vs. FY 2022): ● Net sales were $44.7 million compared to $53.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315224011777/0001493152-24-011777-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.