)
Reed's (REED) investor relations material
Reed's Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 4% year-over-year net sales growth in Q3 2025 to $7.0 million, driven by recurring national customers and expanded distribution, with operational improvements and new leadership appointments supporting growth and rebranding.
Focused on margin improvement, cost reduction, and process streamlining, including a 14% reduction in delivery and handling costs and a shift to a 52-week trade spend strategy.
Expanded into Asia Pacific with the formation of Reed's (Asia) Limited and subsidiaries, and continued investment in international growth.
Strategic initiatives included debt repayment, refinancing, preparations for uplisting to a major exchange, and a 1-for-6 reverse stock split effective October 31, 2025.
Strengthened leadership team with key hires in marketing, go-to-market strategy, and board governance.
Financial highlights
Net sales for Q3 2025 were $7.0 million, up 4% year-over-year; nine-month net sales were $26.6 million, down 6%.
Gross profit was $1.2 million with a 17% margin (19% excluding inventory write-offs); nine-month gross margin was 20%.
Net loss improved to $4.0 million (negative $0.48/share) from $4.2 million (negative $4.91/share) year-over-year; nine-month net loss was $12.1 million.
Modified EBITDA loss was $3.9 million in Q3 2025, compared to $3.0 million in Q3 2024; nine-month modified EBITDA loss was $10.2 million.
Cash at period end was $4.1 million, with total debt at $9.2 million; cash used in operations was $2.8 million for Q3 and $13.2 million for nine months.
Outlook and guidance
Focus remains on margin improvement, operational optimization, and sales growth in core portfolios, with anticipated gross margin expansion as distributor strategy shifts and cost-saving initiatives take effect.
Major product restages and new launches are planned for July 2026, with packaging transitions and international expansion underway.
Management expects existing cash, operations, and committed financing to fund the operating plan for at least 12 months, but additional funding may be needed for further growth.
Preparing for an uplist to a major exchange to enhance visibility, liquidity, and access to capital.
Next Reed's earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)