Filing Flows › Reed's (REED) › Q4 2024
Reed's (REED) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 28, 2025
Reed's (REED) reported revenue of $9.7M for the fourth quarter 2024 (Q4 2024), -17% from a year earlier and +44% from the quarter before. Operating margin was -37.6%, net loss $4.1M (42.3% of revenue).
Reed's, Q4 2024: revenue $9.7M (-17% year over year), operating margin -37.6%, net loss $4.1M, operating cash flow −$3.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.7M | +44% | -17% |
| Operating profit | −$3.7M | — | — |
| Net earnings | −$4.1M | — | — |
| Operating cash flow | −$3.9M | — | — |
What changed
Revenue was $9.7M in Q4 2024, down 17% year over year and up 44% from the previous quarter.
Gross margin was 30.0%, up 25.9 points from a year earlier. Operating costs exceeded revenue by $3.7M, an operating margin of -37.6%. Operating expenses grew 21% against a revenue fall of 17%. The fastest-growing cost line was General & admin (+129%). The quarter ended with a net loss of $4.1M, narrower than the previous quarter's $4.2M loss.
Operating cash flow was −$3.9M. Non-cash charges added back $37K of depreciation and $260K of share-based compensation. Capital expenditures of $101K exceeded it, leaving free cash flow of −$4.0M.
Questions
What was Reed's revenue in the fourth quarter 2024?
Reed's (REED) reported revenue of $9.7M for the fourth quarter 2024 (Q4 2024), -17% from a year earlier and +44% from the quarter before.
Was Reed's profitable in the fourth quarter 2024?
Operating loss was $3.7M (-37.6% of revenue) and net loss $4.1M.
Source: Reed's 10-K on SEC EDGAR.