secwatch.observer — SEC 8-K summary
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Issuer:     REED'S, INC. (REED)
CIK:        0001140215
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001641172-25-010019
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140215/000164117225010019/0001641172-25-010019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140215/000164117225010019/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-010019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer