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Reed's (REED) investor relations material
Reed's SEO filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Operates as a branded beverage company with natural, premium, and functional beverages under two main brands, distributed in over 32,000 outlets in the U.S. and select international markets.
Asset-light model using independent co-packers and distributors, enabling efficient scaling and innovation with minimal capital expenditure.
Product portfolio includes ginger beers, ginger ales, craft sodas, hard ginger ales, functional sodas, and seasonal offerings, with a focus on clean-label, non-GMO, and premium ingredients.
Sales channels include major grocery, club, specialty, liquor, convenience stores, and direct-to-consumer e-commerce.
International expansion is a strategic priority, with new subsidiaries in Asia-Pacific and a focus on local co-packing and concentrate models.
Financial performance and metrics
Net sales for the nine months ended September 30, 2025, were $26.6 million, down from $28.2 million for the same period in 2024.
Net loss for the nine months ended September 30, 2025, was $12.1 million, compared to a net loss of $9.0 million for the same period in 2024.
As of September 30, 2025, cash was $4.1 million (actual) and $13.1 million (as adjusted for the offering); total stockholders' equity was $2.8 million (actual) and $11.8 million (as adjusted).
The company has a senior secured loan with $9.25 million outstanding as of September 30, 2025.
Gross profit for the nine months ended September 30, 2025, was $5.4 million.
Use of proceeds and capital allocation
Estimated net proceeds of $9.0 million (or $10.4 million if the underwriters' option is exercised in full) based on an offering price of $7.54 per share.
Proceeds will be used to fund growth initiatives, working capital, general corporate purposes, and may include repayment of debt.
Management has broad discretion in the use of proceeds.
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