Reed's Q1 net sales up 4.5% to $10M; operating loss widens to $1.7M

REED'S, INC.

2025-Q1 EPS reported -$0.04 revenue$10,029,000

Net sales $10.0M (+4.5% YoY); gross margin 33.9% vs 35.6%.
Operating loss $1.7M ($0.04/sh) vs $0.7M loss in Q1 2024.
Modified EBITDA loss $1.6M vs $0.4M loss year-ago.
Cash burn $5.4M from operations; cash at $4.9M (down from $10.4M Dec 2024).
CEO Cyril Wallace notes fulfillment rate improved to ~2% short shipments from ~20%.

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