Reed's Q2 2026 net sales fall to $7.5M, net loss narrows to $4.3M

REED'S, INC.

Net sales $7.5M vs $9.5M YoY; gross margin improved to 24% from 8%.
Net loss $4.3M vs $6.0M YoY; EBITDA loss $4.0M vs $5.7M.
Sequential vs Q1: net sales +5%, SG&A -18%, net loss -34%; targeting mid-30% gross margin.
Evaluating financing alternatives to support business; interim CEO Neal Cohane cites progress from corrective actions.
Regained shelf space, grew retail doors, restored heritage glass bottle packaging.

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