Reed's, Inc. (REED) Q2 2023 Earnings Call Transcript

Reed's, Inc. (OTCQX:REED) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET

Company Participants

Norman Snyder - CEO
Joann Tinnelly - Interim CFO

Conference Call Participants

Sean McGowan - ROTH MKM

Operator

Good afternoon, and welcome to Reed's Second Quarter 2023 Earnings Conference Call for the three months ending June 30, 2023. My name is Colin, and I'll be your conference operator for today. We have prepared remarks from Norman Snyder, Reed's Chief Executive Officer; and Joann Tinnelly, Reed's Interim Chief Financial Officer.

Following their remarks, they'll 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, the company's ability to manage growth, manage debt and meet development goals; the company'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 working capital needs and growth plans; the company's dependence on third-party manufacturers and distributors; changes in the competitive environment; the economic impact of 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 include finance 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 materials covered by such forward-looking statements, including future finance, guidance involves risk, uncertainties and assumptions, many of which involve factors or circumstances that are beyond the company's control.

Reed's 2023 guidance reflects