Reed’s, Inc. reported a much weaker first quarter of 2026. Net sales fell to $7,142 thousand from $10,029 thousand a year earlier, a 29% decline driven by lower volumes and heavier promotional discounts. Gross margin shrank to 10% of net sales from 34%, hurt by $738 thousand of inventory write-offs tied to product portfolio changes and higher cost per case.
Operating expenses rose to $6,912 thousand, up 34%, with general and administrative costs more than doubling to support an Asia-Pacific growth initiative. The company’s net loss widened to $6,464 thousand, or $0.55 per share, versus a loss of $2,031 thousand, or $0.27 per share. EBITDA was a loss of $6,218 thousand.
Cash decreased to $4,580 thousand as of March 31, 2026, from $10,424 thousand at year-end 2025, mainly due to operating losses and working capital needs. Reed’s has a fully drawn senior secured loan of $9,250 thousand and no remaining availability, but management believes existing cash, operations, and committed financing can fund the approved operating plan for at least twelve months.
Reed’s, Inc. reported a much weaker first quarter of 2026. Net sales fell to $7,142 thousand from $10,029 thousand a year earlier, a 29% decline driven by lower volumes and heavier promotional discounts. Gross margin shrank to 10% of net sales from 34%, hurt by $738 thousand of inventory write-offs tied to product portfolio changes and higher cost per case.
Operating expenses rose to $6,912 thousand, up 34%, with general and administrative costs more than doubling to support an Asia-Pacific growth initiative. The company’s net loss widened to $6,464 thousand, or $0.55 per share, versus a loss of $2,031 thousand, or $0.27 per share. EBITDA was a loss of $6,218 thousand.
Cash decreased to $4,580 thousand as of March 31, 2026, from $10,424 thousand at year-end 2025, mainly due to operating losses and working capital needs. Reed’s has a fully drawn senior secured loan of $9,250 thousand and no remaining availability, but management believes existing cash, operations, and committed financing can fund the approved operating plan for at least twelve months.
REED'S, INC. filed an initial Form 3 for Chief Operating Officer Damian Francis Warshall. This filing reports his status as an insider but shows no buy, sell, or other share transactions and no derivative holdings, serving purely as a baseline disclosure of his position.
REED'S, INC. filed an initial Form 3 for Chief Operating Officer Damian Francis Warshall. This filing reports his status as an insider but shows no buy, sell, or other share transactions and no derivative holdings, serving purely as a baseline disclosure of his position.
Reed’s, Inc. is holding a virtual 2026 annual stockholder meeting on June 10, 2026, to vote on five key proposals. Stockholders will elect five directors, ratify Weinberg & Company, P.A. as auditor for 2026, and cast advisory votes on executive pay and its voting frequency.
The meeting will also consider approval of a new 2026 Equity Incentive Plan authorizing 1,300,000 shares plus an annual increase of up to 5% of shares outstanding from 2027–2036. Stockholders of record on April 17, 2026, when 11,820,429 shares were outstanding, are entitled to vote.
Reed’s, Inc. is holding a virtual 2026 annual stockholder meeting on June 10, 2026, to vote on five key proposals. Stockholders will elect five directors, ratify Weinberg & Company, P.A. as auditor for 2026, and cast advisory votes on executive pay and its voting frequency.
The meeting will also consider approval of a new 2026 Equity Incentive Plan authorizing 1,300,000 shares plus an annual increase of up to 5% of shares outstanding from 2027–2036. Stockholders of record on April 17, 2026, when 11,820,429 shares were outstanding, are entitled to vote.
Reed’s, Inc. has appointed Damian Warshall as Chief Operating Officer, effective April 27, 2026, taking over the role from Neal M. Cohane, who remains interim Chief Executive Officer. Warshall previously served as Reed’s Vice President of Operations and brings extensive beverage manufacturing and supply chain experience.
Under his offer of employment, Warshall will receive an initial annual base salary of $300,000 and will be eligible for an initial annual target bonus of up to 80% of that base salary. The company highlighted his track record in improving cost structures, scaling operations, and supporting profitable growth as it focuses on strengthening margins and operational efficiency.
Reed’s, Inc. has appointed Damian Warshall as Chief Operating Officer, effective April 27, 2026, taking over the role from Neal M. Cohane, who remains interim Chief Executive Officer. Warshall previously served as Reed’s Vice President of Operations and brings extensive beverage manufacturing and supply chain experience.
Under his offer of employment, Warshall will receive an initial annual base salary of $300,000 and will be eligible for an initial annual target bonus of up to 80% of that base salary. The company highlighted his track record in improving cost structures, scaling operations, and supporting profitable growth as it focuses on strengthening margins and operational efficiency.
Reed’s, Inc. detailed the separation arrangements for former Chief Executive Officer Cyril A. Wallace, Jr., who ended employment on March 31, 2026 and will consult through April 30, 2026. The company and Mr. Wallace entered into a Separation Agreement and Release on April 16, 2026.
Under the agreement, Reed’s will pay severance equal to one month of Mr. Wallace’s annual base salary, totaling $58,333.33, and a lump sum of $2,836.60 representing one month of COBRA premiums. The company will also waive repayment of his sign-on bonus and relocation expenses under his Employment Agreement.
In full satisfaction of a prior 46,667-share inducement restricted stock award, the Compensation Committee approved a fully vested restricted stock award for 36,657 shares under the 2020 Equity Incentive Plan, to be issued on or before April 30, 2026, plus a cash payment of $36,336.30.
Reed’s, Inc. detailed the separation arrangements for former Chief Executive Officer Cyril A. Wallace, Jr., who ended employment on March 31, 2026 and will consult through April 30, 2026. The company and Mr. Wallace entered into a Separation Agreement and Release on April 16, 2026.
Under the agreement, Reed’s will pay severance equal to one month of Mr. Wallace’s annual base salary, totaling $58,333.33, and a lump sum of $2,836.60 representing one month of COBRA premiums. The company will also waive repayment of his sign-on bonus and relocation expenses under his Employment Agreement.
In full satisfaction of a prior 46,667-share inducement restricted stock award, the Compensation Committee approved a fully vested restricted stock award for 36,657 shares under the 2020 Equity Incentive Plan, to be issued on or before April 30, 2026, plus a cash payment of $36,336.30.
Reed’s, Inc. plans to hold its 2026 annual meeting of stockholders on June 10, 2026. Stockholders who want to bring business before the meeting or nominate directors must deliver notice to the company’s principal executive offices by the close of business on April 18, 2026.
Stockholder proposals intended for inclusion in the proxy statement under Rule 14a-8 also must be received by April 18, 2026 and must meet the requirements of the company’s Bylaws and applicable securities laws. Notices should be sent to the Secretary at 501 Merritt 7 PH, Norwalk, Connecticut 06851, with further details to appear in the forthcoming definitive proxy statement.
Reed’s, Inc. plans to hold its 2026 annual meeting of stockholders on June 10, 2026. Stockholders who want to bring business before the meeting or nominate directors must deliver notice to the company’s principal executive offices by the close of business on April 18, 2026.
Stockholder proposals intended for inclusion in the proxy statement under Rule 14a-8 also must be received by April 18, 2026 and must meet the requirements of the company’s Bylaws and applicable securities laws. Notices should be sent to the Secretary at 501 Merritt 7 PH, Norwalk, Connecticut 06851, with further details to appear in the forthcoming definitive proxy statement.
Reed’s, Inc. reported weaker 2025 results and a leadership change. Full-year net sales were $34.1 million versus $38.0 million, while net loss widened to $15.8 million from $13.2 million and EBITDA was $(14.6) million versus $(7.3) million. Fourth-quarter net sales were $7.5 million versus $9.7 million, with gross margin falling to 20% from 30%, and EBITDA at $(3.6) million versus $(3.1) million. Delivery and handling and SG&A costs declined in Q4, helping narrow the quarterly net loss to $3.8 million from $4.1 million. The company ended 2025 with $10.4 million of cash and $9.3 million of total debt. Neal Cohane was appointed interim CEO and director, replacing former CEO Cyril Wallace, and a search for a permanent CEO is underway.
Reed’s, Inc. reported weaker 2025 results and a leadership change. Full-year net sales were $34.1 million versus $38.0 million, while net loss widened to $15.8 million from $13.2 million and EBITDA was $(14.6) million versus $(7.3) million. Fourth-quarter net sales were $7.5 million versus $9.7 million, with gross margin falling to 20% from 30%, and EBITDA at $(3.6) million versus $(3.1) million. Delivery and handling and SG&A costs declined in Q4, helping narrow the quarterly net loss to $3.8 million from $4.1 million. The company ended 2025 with $10.4 million of cash and $9.3 million of total debt. Neal Cohane was appointed interim CEO and director, replacing former CEO Cyril Wallace, and a search for a permanent CEO is underway.
REED'S, INC. executive Neal Cohane, the Chief Operating Officer, has filed an initial ownership report showing his direct holding of the company’s common stock. The filing indicates that he directly owns 675 shares of common stock. This Form 3 is a baseline disclosure of his equity position as an officer and does not report any recent stock purchase or sale activity.
REED'S, INC. executive Neal Cohane, the Chief Operating Officer, has filed an initial ownership report showing his direct holding of the company’s common stock. The filing indicates that he directly owns 675 shares of common stock. This Form 3 is a baseline disclosure of his equity position as an officer and does not report any recent stock purchase or sale activity.
Reed’s, Inc. reported that it has appointed Neal Cohane as Chief Operating Officer, effective January 5, 2026. The company disclosed his background in beverage industry leadership roles, including prior service as Reed’s Chief Sales Officer and positions at PepsiCo, SoBe and Coca-Cola.
Under his offer letter, Mr. Cohane will receive a base salary of $320,000 per year, an annual discretionary bonus of up to 80% of base salary, and a $1,000 per month stipend that includes a car allowance. Subject to annual review and conditions set by the Compensation Committee, he will also be eligible for an equity incentive award with a target grant date value of $500,000. The company attached his offer letter and a press release announcing the appointment as exhibits.
Reed’s, Inc. reported that it has appointed Neal Cohane as Chief Operating Officer, effective January 5, 2026. The company disclosed his background in beverage industry leadership roles, including prior service as Reed’s Chief Sales Officer and positions at PepsiCo, SoBe and Coca-Cola.
Under his offer letter, Mr. Cohane will receive a base salary of $320,000 per year, an annual discretionary bonus of up to 80% of base salary, and a $1,000 per month stipend that includes a car allowance. Subject to annual review and conditions set by the Compensation Committee, he will also be eligible for an equity incentive award with a target grant date value of $500,000. The company attached his offer letter and a press release announcing the appointment as exhibits.
Reed’s, Inc. announced an underwritten public offering and an exchange uplisting. The company sold 2,500,000 shares of common stock together with warrants to purchase 2,500,000 shares, with each share-and-warrant unit priced at $4.00. Underwriters also partially exercised an overallotment option for additional warrants to purchase 375,000 shares. All securities were sold by Reed’s, generating approximately $9.0 million in net proceeds.
The company plans to use these funds, along with existing cash, to support growth initiatives, working capital, general corporate purposes and possible debt repayment. The warrants are immediately exercisable at $4.50 per share and expire on December 8, 2030, subject to 4.99% or 9.99% ownership limits. Reed’s controlling stockholder, D&D Source of Life Holding Ltd., and its affiliates bought about $5.0 million of the offering. In connection with the deal, Reed’s common stock was approved for listing on the NYSE American and began trading there, ending its quotation on the OTCQX market, and the company’s Second Amended and Restated Bylaws became effective.
Reed’s, Inc. announced an underwritten public offering and an exchange uplisting. The company sold 2,500,000 shares of common stock together with warrants to purchase 2,500,000 shares, with each share-and-warrant unit priced at $4.00. Underwriters also partially exercised an overallotment option for additional warrants to purchase 375,000 shares. All securities were sold by Reed’s, generating approximately $9.0 million in net proceeds.
The company plans to use these funds, along with existing cash, to support growth initiatives, working capital, general corporate purposes and possible debt repayment. The warrants are immediately exercisable at $4.50 per share and expire on December 8, 2030, subject to 4.99% or 9.99% ownership limits. Reed’s controlling stockholder, D&D Source of Life Holding Ltd., and its affiliates bought about $5.0 million of the offering. In connection with the deal, Reed’s common stock was approved for listing on the NYSE American and began trading there, ending its quotation on the OTCQX market, and the company’s Second Amended and Restated Bylaws became effective.