Earnings ·
Reed’s reports Q3 net loss of $3.2M on $6.5M sales and closes $10M equity raise
REEDReed's, Inc.
Reed’s, Inc. reported third-quarter 2026 results with net sales declining to $6.5 million from $7.0 million in the prior year period. The company posted a net loss of $3.2 million, or $(0.27) per share, an improvement from the $4.0 million loss recorded in Q3 2025. Gross profit increased to $1.6 million as gross margin expanded to 25% from 17%, driven by lower promotional allowances and reduced cost of goods sold. Selling, general and administrative expenses fell 15% to $3.6 million. Subsequent to the quarter end, Reed’s closed a private placement issuing approximately 17.4 million shares for $10.0 million in gross proceeds to strengthen its balance sheet. The company operates in the craft beverage industry, producing natural ginger ales and sodas.