Reed's Q3 2026 net sales fall to $6.5M; net loss narrows to $3.2M as gross margin rises to 25%

REED'S, INC.

Net sales were $6.5M vs $7.0M a year earlier; gross profit rose to $1.6M from $1.2M and gross margin to 25% from 17%.
Net loss improved to $3.2M from $4.0M; EBITDA loss improved to $2.9M from $3.6M.
SG&A fell 15% YoY to $3.6M from $4.2M; delivery and handling expense was $2.69 per case vs $2.60.
Interim CEO Neal Cohane cited 100 bps sequential gross-margin gain, 24% sequential SG&A cut and 26% sequential net-loss reduction.
Reed's refinanced its senior secured loan and, after quarter end, closed a $10.0M private placement.

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