REED

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EX-99.1

Exhibit 99.1

Reed’s Reports Second Quarter 2026 Results

Management Team to Host Conference Call Tomorrow at 8:30 a.m. ET

Norwalk, CT, (August 11, 2026) – Reed’s, Inc. (NYSE American: REED) (“Reed’s” or the “Company”), owner of the nation’s leading portfolio of handcrafted, natural ginger beverages, today announced financial results for the three and six months ended June 30, 2026.

Q2 2026 Financial Highlights (vs. Q2 2025):

●Net sales were $7.5 million compared to $9.5 million.

●Gross profit was $1.8 million compared to $0.8 million, with gross margin of 24% compared to 8%.

●Delivery and handling expenses were $2.54 per case compared to $2.95 per case.

●Selling, general and administrative expenses were $4.7 million compared to $5.0 million.

●Net loss was $4.3 million compared to $6.0 million.

●EBITDA1

loss was $4.0 million compared to $5.7 million.

Neal Cohane, Reed’s interim CEO, stated, “We are seeing early traction from the corrective actions we took earlier this year, with sequential improvement in net sales, gross margin and overall operating performance. During the quarter, we prioritized our efforts on reengaging key retail and distribution partners, regaining shelf space, increasing doors, restoring our heritage glass bottle packaging, tightening inventory controls, and continuing cost reduction efforts.”

“We believe we are making progress centered on sequential improvement. Net sales increased 5% compared to the first quarter. Gross margin expanded compared to the first quarter, and we expect continued expansion to the mid-30% area. Selling, general & administrative expenses decreased by 18% compared to the first quarter, and we expect continuing optimization. Net loss decreased by 34% compared to the first quarter and we are focused on achieving profitable growth. Additionally, we are evaluating financing alternatives to support the business going forward. We believe the actions we are taking will enable us to position Reed’s for long-term sustainable growth.”

During the second quarter, Reed’s continued to execute the corrective actions initiated earlier this year to stabilize the business, improve operational performance, and position the Company for profitable growth, resulting in the following developments:

●Regained shelf space and grew doors by reengaging national and regional retail accounts.

●Invested in sales brokers to increase retail coverage and improve in-market execution across key channels.

1 EBITDA is a non-GAAP financial measure. Definition of the non-GAAP measure used by Reed’s and a reconciliation of such measure to the related GAAP financial measure can be found under the sections below titled “Non-GAAP Financial Measures” and “Reconciliation of GAAP Financial Measure to Non-GAAP Financial Measure.”

●Improved trade spend efficiency, contributing to higher gross margin.

●Improved working capital efficiency, reducing inventory to $7.0 million and improving the Company’s cash conversion cycle.

●Continued progress optimizing selling, general and administrative expenses.

Second Quarter 2026 Financial Results

During the second quarter of 2026, net sales were $7.5 million, compared to $9.5 million in the prior year period. The decrease was primarily driven by lower volumes with recurring national customers. On a sequential basis, net sales increased 5% compared to the first quarter of 2026, which the Company believes reflects early progress with its profitable growth initiatives.

Gross profit for the second quarter of 2026 increased to $1.8 million, compared to $0.8 million in the prior year period. Gross margin increased to 24% compared to 8% in the prior year period. The increase was primarily driven by lower inventory write-offs, which declined to $0.1 million from $1.6 million in the prior year period.

Delivery and handling expenses decreased by 30% to $1.1 million during the second quarter of 2026 compared to $1.6 million in the second quarter of 2025, primarily driven by continued improvements in logistics efficiency and freight optimization. Delivery and handling costs were 15% of net sales, or $2.54 per case, compared to 17% of net sales, or $2.95 per case, during the same period last year.

Selling, general and administrative expenses decreased by 6% to $4.7 million, compared to $5.0 million in the prior year period. The decrease was primarily driven by lower legal settlements and continuing efforts to optimize selling, general and administrative expenses, offset by investment in personnel and related services to support the Company’s Asia growth initiative.

Net loss during the second quarter of 2026 decreased by 29% to $4.3 million, or $(0.36) per share, compared to a net loss of $6.0 million, or $(0.78) per share, in the prior year period.

EBITDA1

loss decreased by 30% to $4.0 million in the second quarter of 2026 compared to $5.7 million in the year-ago period.

Liquidity and Cash Flow

For the second quarter of 2026, c

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EX-99.1

Exhibit 99.1

Reed’s Reports First Quarter 2026 Results

Management Team to Host Conference Call Tomorrow at 8:30 a.m. ET

Norwalk, CT, (May 12, 2026) – Reed’s, Inc. (NYSE American: REED) (“Reed’s” or the “Company”), owner of the nation’s leading portfolio of handcrafted, natural ginger beverages, today announced financial results for the three months ended March 31, 2026.

Q1 2026 Financial Highlights (vs. Q1 2025):

●Net sales were $7.1 million compared to $10.0 million.

●Gross profit was $0.7 million compared to $3.4 million, with gross margin of 10% compared to 34%.

●Delivery and handling costs were $2.57 per case compared to $3.17 per case.

●Selling, general and administrative expenses were $5.8 million compared to $3.5 million.

●Net loss was $6.5 million compared to $2.0 million.

●EBITDA1

was $(6.2) million compared to $(1.7) million.

Neal Cohane, Reed’s interim CEO stated, “We believe Reed’s operating performance in Q1 should not be viewed as indicative of our expected performance for the balance of the year. Several factors contributed to the quarter’s results, many of which we believe are transitional and are already being addressed through corrective actions initiated early in 2026.”

Key factors impacting Q1 2026 performance included inventory rationalization activities associated with discontinued, underperforming, and aged SKUs, elevated SG&A expenses related to prior commercial growth initiatives, softer sales execution across certain retail channels, and gross margin pressure driven by higher input and wholesale costs. Sales performance during the quarter was also impacted by transitions within portions of the Company’s packaging portfolio, certain can format changes, lower promotional trade activity, and reduced shelf placements for select Reed’s and Virgil’s SKUs at key retail accounts. In addition, inconsistent engagement across portions of the Company’s distributor and retail network contributed to weaker commercial execution during the quarter.

1 EBITDA is a non-GAAP financial measure. Definition of the non-GAAP measure used by Reed’s and a reconciliation of such measure to the related GAAP financial measure can be found under the sections below titled “Non-GAAP Financial Measures” and “Reconciliation of GAAP Financial Measure to Non-GAAP Financial Measure.”

Beginning early in Q1 2026, Reed’s management initiated a series of corrective actions intended to stabilize the business, improve execution, and position the Company for profitable growth:

●Increased engagement with key retail and distribution partners to strengthen customer relationships, support expanded SKU placements, and increase promotional activity across key accounts.

●Enhanced inventory management processes and controls while continuing efforts to optimize the Company’s product portfolio and working capital position through the rationalization of low-margin and underperforming inventory.

●Adjusted previously planned discontinuation efforts involving certain Reed’s and Virgil’s heritage glass bottle products and Virgil’s ZERO sugar offerings following retailer and consumer feedback.

●Expanded retail media and e-commerce initiatives across key e-commerce platforms such as Instacart, Walmart.com, Albertsons.com and Kroger.com, among others.

●Restructured Amazon fulfillment operations by exiting certain warehouse agreements and partnering with a leading Amazon marketplace operator to improve profitability and operating efficiency.

●Implemented targeted reductions in headcount and marketing-related SG&A expenses and postponed certain planned brand restage initiatives as part of broader cost optimization efforts.

●Expanded national sales capabilities through a new agency partnership with one of the nation’s largest commission-based sales agencies designed to increase retail coverage and improve in-market execution across key channels. This partnership immediately expanded Reed’s retail coverage and field presence with more than 80 sales professionals.

●Conducted a comprehensive review of product-level profitability, pricing architecture, and supply chain initiatives intended to improve gross margins, operating efficiency, and working capital management.

●Appointed Damian Warshall as Chief Operating Officer to support the execution of these operational and commercial initiatives. Damian has a history with Reed’s and the Company believes his operational experience positions him well to lead this next phase of operational and commercial execution.

Cohane added, “As interim CEO, my immediate priority is to strengthen the business, improve execution, and reinforce confidence across all aspects of the organization. While our first quarter results were below our expectations, we have moved quickly and decisively to address key operational and commercial areas of focus, strengthen customer and distributor relationships, streamline our cost structure, and increase focus on profitability. We

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EX-99.1

Exhibit 99.1

Reed’s Reports Fourth Quarter and Full Year 2025 Results;

Announces Leadership Transition

Profitable Growth Initiatives Lead to Sequential Quarterly Improvement

Neal Cohane Appointed Interim Chief Executive Officer

Norwalk, CT, (March 24, 2026) – Reed’s, Inc. (NYSE American: REED) (“Reed’s” or the “Company”), owner of the nation’s leading portfolio of handcrafted, natural ginger beverages, today announced financial results for the three months and 12 months ended December 31, 2025. Additionally, the Company announced that Neal Cohane has been appointed to serve as interim Chief Executive Officer and member of the board of directors, effective today. Former CEO and Board Member Cyril Wallace has stepped down. The board has begun conducting a search for a permanent CEO.

Leadership Transition

Cohane is a highly accomplished and seasoned retail leader. He brings decades of leadership experience across the beverage industry and a proven track record of building high-performing commercial organizations, scaling national distribution, and driving sustainable growth for consumer brands.

Most recently, Cohane was appointed by the Company as chief operating officer in January 2026. Prior to that, Cohane was chief sales officer at Eastroc Beverage. He previously founded Rootstock Brands, Inc., where he advised beverage companies on go-to-market strategy and execution. He is well known to Reed’s, having previously served as the Company’s chief sales officer for more than 15 years, playing a central role in expanding the brand’s footprint and strengthening key retail and distributor relationships. Earlier in his career, he held senior leadership roles at PepsiCo, SoBe and The Coca-Cola Company.

“Neal’s deep understanding of Reed’s, combined with his extensive experience scaling beverage brands, makes him an ideal executive to ensure a seamless transition as Reed’s enters its next phase of growth,” said Shufen Deng, chairperson of the board of Reed’s.

“Reed’s is a powerful brand with an unparalleled offering and product portfolio,” Cohane said. “I have a deep belief in our strategy, and I look forward to working with the leadership team and our partners to continue strengthening our business and driving profitability through operational discipline and execution. My focus will be on our people, operations and customer experience, working together to advance our strategy.”

“The Board is grateful for Cyril’s contributions to Reed’s, and for laying the foundation for the next phase of growth for the business,” said Michael Tu, board director of Reed’s.

Additionally, Tina Reejsinghani has departed Reed’s as chief marketing officer. Board member Rudolf (Ruud) J.M. Bakker, who has 25 years of global leadership experience across the beverage industry, is stepping in as outsourced fractional CMO.

Q4 2025 Financial Highlights (vs. Q4 2024):

●Net sales were $7.5 million compared to $9.7 million.

●Gross profit was $1.5 million compared to $2.9 million, with gross margin of 20% compared to 30%.

●Delivery and handling costs were $2.46 per case compared to $3.00 per case.

●Selling, general and administrative expenses were $4.0 million compared to $4.9 million.

●Net loss improved to $3.8 million compared to $4.1 million.

●EBITDA1

was $(3.6) million compared to $(3.1) million.

FY 2025 Financial Highlights (vs. FY 2024):

●Net sales were $34.1 million compared to $38.0 million.

●Gross profit was $7.0 million compared to $11.4 million, with gross margin of 20% compared to 30%.

●Delivery and handling costs remained flat at $2.75 per case.

●Selling, general and administrative expenses were $16.6 million compared to $13.5 million.

●Net loss was $15.8 million compared to $13.2 million.

●EBITDA1

was $(14.6) million compared to $(7.3) million.

Management Commentary

“The Company made important strides during the fourth quarter to stabilize the business and reinforce the operational framework needed to support sustainable growth,” said Cohane. “We also saw sequential quarterly improvement in net sales, gross margin, and net loss, reflecting early progress in our efforts to improve operating performance. We achieved encouraging sequential quarter sales growth with select natural, specialty, grocery, mass, and e-commerce customers primarily driven by increased retail velocity and seasonal product offerings.”

“Our recent uplisting to the NYSE American exchange represents another meaningful step forward, enhancing our market presence and positioning Reed’s to engage a broader base of investors as we continue building a profitable, growth-oriented business.”

“Our focus remains on profitable growth. We will continue to leverage our in-house sales team with outsourced national brokers to secure new customer and shelf space opportunities. We will also keep expanding the reach of our direct store distribution network, investing in brand marketing and product innovation, optimizing oper