---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-000972"
form_type: "8-K"
ticker: "REED"
cik: "0001140215"
company_name: "REED'S, INC."
filed_at: "2025-03-27T23:59:59+00:00"
generated_at: "2026-05-24T03:40:11.913517+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.68
calibrated_materiality_score: 0.68
confidence: "high"
source: SEC EDGAR
---

# Reed's Q4 revenue falls 17% YoY; gross margin jumps to 30% from 4%

## Summary
- Q4 net sales $9.7M vs $11.7M; full-year $38.0M vs $44.7M.
- Q4 gross profit $2.9M vs $0.5M; margin 30.0% vs 4.0% (prior year had $3.1M one-time charges).
- Operating loss improved to $3.7M from $4.9M; modified EBITDA $(0.7)M vs positive $43k.
- Cash $10.4M vs $0.6M; total debt net $9.6M vs $27.4M; closed $10M private placement.
- New CFO Douglas McCurdy appointed; new beverage line launching April 2025 with 8,000+ distribution points.

## SEC filing metadata
- accession: 0001641172-25-000972
- form_type: 8-K
- ticker: REED
- cik: 0001140215
- company_name: REED'S, INC.
- filed_at: 2025-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.68
- calibrated_materiality_score: 0.68
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140215/000164117225000972/0001641172-25-000972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140215/000164117225000972/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-000972
- JSON: https://secwatch.observer/filing/0001641172-25-000972.json
- Plain text: https://secwatch.observer/filing/0001641172-25-000972.txt

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