secwatch.observer — SEC 8-K summary
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Issuer:     REED'S, INC. (REED)
CIK:        0001140215
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001493152-24-031647
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reed's Q2 net sales up 19% to $11.9M; gross margin expands 720 bps; modified EBITDA turns positive
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- Net sales increased 19% YoY to $11.9M; gross profit up 53% to $3.8M; gross margin 32.3% vs 25.1%.
- Operating loss narrowed to $0.7M from $1.7M; modified EBITDA improved to $45,000 from $(1.6)M.
- Delivery/handling costs cut 16% to $2.18/case; SG&A flat at 26% of sales.
- Cash used in operations reduced to $0.9M from $3.4M; total debt $27.4M as of June 30, 2024.
- Reaffirms FY 2024 outlook: net sales growth, gross margin expansion, positive modified EBITDA, and positive op cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140215/000149315224031647/0001493152-24-031647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140215/000149315224031647/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-031647

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