Earnings ·
Reed’s, Inc. reported financial results for the quarter ended June 30, 2026, showing net sales of $7.5 million…
REEDDReed's, Inc.
Reed’s, Inc. reported financial results for the quarter ended June 30, 2026, showing net sales of $7.5 million compared to $9.5 million in the prior year period. Gross profit increased to $1.8 million with a gross margin of 24%, up from 8% in the previous year, driven by lower inventory write-offs. Selling, general and administrative expenses decreased to $4.7 million, resulting in a net loss of $4.3 million, or $(0.36) per share, compared to a net loss of $6.0 million in the prior year period. The company noted sequential improvements in sales and margins while evaluating financing alternatives to support future operations. Reed’s, Inc. operates in the beverage industry, producing and distributing premium handcrafted natural ginger beverages.