Reed's Q1 net sales fall to $7.1M; net loss widens to $6.5M

REED'S, INC.

• Net sales $7.1M, down 29% from $10.0M in Q1 2025.
• Gross profit $0.7M (10% margin) vs $3.4M (34% margin) prior year.
• SG&A expense increased to $5.8M from $3.5M.
• Net loss $6.5M vs $2.0M; EBITDA loss $(6.2)M vs $(1.7)M.
• Interim CEO cites inventory rationalization, SKU discontinuations, and elevated costs as transitional factors.

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