Reed's, Inc. (REED) Q4 2022 Earnings Call Transcript

Mar. 29, 2023 9:27 PM ETReed's, Inc. (REED) StockREED
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Q4: 2023-03-29 Earnings Summary

EPS of -$2.49 misses by $1.21
 | Revenue of $15.04M (17.67% Y/Y) misses by $60.00K

Reed's, Inc. (OTCQX:REED) Q4 2022 Earnings Conference Call March 29, 2023 5:00 PM ET

Company Participants

Norman Snyder - Chief Executive Officer
Thomas Spisak - Chief Financial Officer

Conference Call Participants

Gary Getz - Private Investor

Operator

Good afternoon, and welcome to the Reed's Fourth Quarter and Full Year 2022 Earnings Conference Call for the period ending December 31, 2022. My name is MJ and I will be your conference call operator for today. We will have prepared remarks from Norman Snyder, Reed's Chief Executive Officer; and Tom Spisak, Reed's Chief Financial Officer. Following their remarks, they will take your questions.

I would like to remind listeners that this conference call will include forward-looking statements. Forward-looking statements are only current predictions and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, levels or activity, performance or achievements to be materially different from those anticipated by such statements. These factors include, but are not limited to, Reed's ability to manage growth, manage debt and meet development goals, Reed's ability to protect its supply chain in light of disruption caused by elevated freight costs and other impediments, the availability and cost of capital to finance our working capital needs and growth plans, reduction in demand for products, dependence on third-party manufacturers and distributors, changes in the competitive environment, future business outlook, including the economic impact of COVID-19 and the war in Ukraine and other information detailed from time to time in Reed's filings with the United States Securities and Exchange Commission.

These statements, including financial guidance involve risks and uncertainties that may cause actual results or trends to differ materially from the company's forecast. The achievement or success of the matters covered by such forward-looking statements, including future financial guidance involves risks, uncertainties and assumptions, many of which involve factors

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