Earnings Releases·Nov 10, 2026, 4:15 PM ET

Reed's, Inc. — Third Quarter 2026 Earnings Summary

Net sales decreased 7% year-over-year to $6.5 million for the quarter, while gross margin expanded significantly to 25% from 17% and net loss narrowed to $3.2 million from $4.0 million.
Management expects sequential operating improvements driven by cost discipline and margin expansion, with the company repositioning for profitable growth following earlier corrective actions.
The company refinanced its $9.25 million senior secured loan to extend maturity to June 30, 2027, and subsequently closed a $10.0 million private placement in November 2026 to fund working capital.
Strategic initiatives included restructuring e-commerce to a third-party fulfillment model, reducing promotional allowances, and expanding retail distribution through a national broker network.