secwatch.observer — SEC 8-K summary
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Issuer:     REED'S, INC. (REED)
CIK:        0001140215
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001493152-24-019295
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140215/000149315224019295/0001493152-24-019295-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140215/000149315224019295/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019295

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