---
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"
generated_at: "2026-06-02T00:18:22.633266+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Reed's Q1 net sales down 14% to $9.6M but gross margin expands to 35.6%; reiterates FY outlook

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-019295
- JSON: https://secwatch.observer/filing/0001493152-24-019295.json
- Plain text: https://secwatch.observer/filing/0001493152-24-019295.txt

## Key facts
- Earnings Releases
  REED'S, INC. reported three months ended March 31, 2024 results: revenue $9.6 million, EPS $(0.16) per share. Guidance reaffirmed.
  - Period: three months ended March 31, 2024
  - Revenue: $9.6 million
  - EPS: $(0.16) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315224019295/0001493152-24-019295-index.htm

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