Q3 2025 Reed's Inc Earnings Call Transcript
Key Points
- Reed's Inc (REED) achieved a 4% increase in net sales for Q3 2025, driven by higher volumes of Reed's branded products with recurring national customers.
- The company is advancing its manufacturing initiatives to better align production capacity with current demand, enhancing efficiency and quality.
- Reed's Inc (REED) is transitioning from glass to cans, which is expected to improve cost efficiency, sustainability, and operational flexibility.
- The company has strengthened its leadership team with key additions, bringing expertise in marketing, commercial execution, and governance.
- Reed's Inc (REED) is focused on expanding its presence in underrepresented channels, such as food service and convenience, which represent meaningful long-term growth opportunities.
- Reed's Inc (REED) experienced higher than anticipated trade spend due to reliance on large distributors, which did not yield expected efficiencies.
- Gross margin decreased slightly from 18% to 17% year over year, primarily due to inventory write-offs related to product portfolio optimization.
- The company reported a net loss of $4.0 million for Q3 2025, although this was an improvement from the previous year's loss.
- Selling, general, and administrative costs increased to $4.2 million, driven by investments in personnel, marketing, and related services.
- Reed's Inc (REED) used $2.8 million of cash from operating activities in Q3 2025, compared to $1.1 million provided by operating activities in the same period in 2024.
Good morning and welcome to Reed's 3rd quarter 2025 earnings conference call.
For the 3 and 9 months ended September 30, 2025.
My name is Lili, and I will be your conference call operator for today.
We will have the prepared remarks from Serial Wallace, Res Jeff, executive officer, and Doug McCurdy, leads Jeff financial officer. Following the remarks, they will take your questions.
Before we begin, please take note of the company's cautionary statement.
Today's call will include forward-looking statements, including statements about Reed's business plans.
Forward-looking statements inherently involve risk and uncertainties and only reflect management's view as of today, November 4, 2025.
And the company is not is not.
Not under obligation to update them.
When discussing results, the presenter may refer to non-GAAP measures.
Which exclude certain items from the reported results. Please refer.
Please refer to Reed's revs Investors website at investors.
Resinc.com.
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