---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-045387"
form_type: "8-K"
ticker: "REED"
cik: "0001140215"
company_name: "REED'S, INC."
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:16:21.993995+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Reed's Q3 net sales $6.8M, down 43% YoY; operating loss $3.1M; secures $10M credit facility

## Summary
- Net sales $6.8M vs $11.9M Q3 2023; gross margin dropped to 18.0% from 34.0%.
- Operating loss $3.1M vs $0.1M; Modified EBITDA -$3.0M vs +$0.2M.
- Majority stockholder D&D bought all secured notes from Whitebox; new $10M revolver at 8% closes Nov 14.
- FY 2024 outlook withdrawn; inventory shortages caused ~$4M in lost sales.
- Cash $0.3M, total debt $27.1M at Sep 30; new facility aims to improve liquidity.

## SEC filing metadata
- accession: 0001493152-24-045387
- form_type: 8-K
- ticker: REED
- cik: 0001140215
- company_name: REED'S, INC.
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140215/000149315224045387/0001493152-24-045387-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140215/000149315224045387/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-045387
- JSON: https://secwatch.observer/filing/0001493152-24-045387.json
- Plain text: https://secwatch.observer/filing/0001493152-24-045387.txt

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