{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-019295","form_type":"8-K","ticker":"REED","cik":"0001140215","company_name":"REED'S, INC.","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.439201+00:00","generated_at":"2026-06-02T00:18:22.633266+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Reed's Q1 net sales down 14% to $9.6M but gross margin expands to 35.6%; reiterates FY outlook","bullets":["Net sales $9.6M vs $11.2M YoY; operating loss improved to $0.6M from $2.6M.","Gross margin up 1,140 bps to 35.6% driven by lower supply chain and input costs.","Delivery/handling costs per case down 13% to $3.01; SG&A down 19% to $2.6M.","Modified EBITDA loss narrowed to $0.4M from $2.3M; cash used in ops $2.4M.","Reiterates FY2024 outlook: net sales growth, gross margin expansion, positive EBITDA and cash flow from ops."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-019295","json":"https://secwatch.observer/filing/0001493152-24-019295.json","markdown":"https://secwatch.observer/filing/0001493152-24-019295.md","text":"https://secwatch.observer/filing/0001493152-24-019295.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1140215/000149315224019295/0001493152-24-019295-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1140215/000149315224019295/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T00:18:22.633266+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":"8306a64d77183e6aafcbf66ad6726650539ed0cd","claim":"REED'S, INC. reported three months ended March 31, 2024 results: revenue $9.6 million, EPS $(0.16) per share. Guidance reaffirmed.","evidence_excerpt":"of handcrafted, natural ginger beverages, is reporting financial results for the three months ended March 31, 2024. Q1 2024 Financial Highlights (vs. Q1 2023): ● Net sales were $9.6 million compared to $11.2 million. ● Gross profit increased 26% to $3.4 million, with gross margin up 1,140 bps to 35.6%. ● Delivery and handling costs were reduced by 29% to $3.01 per","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140215/000149315224019295/0001493152-24-019295-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Revenue","value":"$9.6 million"},{"label":"EPS","value":"$(0.16) 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"}