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REED • CIK 0001140215
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | $44,711 | $37,954 | $34,065 | $29,143 |
| Cost of Goods and Services Sold | $31,884 | $26,578 | $25,090 | $22,722 |
| Other Cost of Operating Revenue | — | — | $2,013 | $1,182 |
| Cost of Revenue | — | — | $27,103 | $23,904 |
| Gross Profit | $9,712 | $11,376 | $6,962 | $5,239 |
| Operating Income (Loss) | $-9,417 | $-8,116 | $-15,148 | $-17,892 |
| Other Income | — | $445 | $414 | $318 |
| Interest Expense | $6,106 | $5,481 | $1,108 | $926 |
| Net Income (Loss) Attributable to Parent | $-15,523 | $-13,152 | $-15,842 | $-18,500 |
| Preferred Stock Dividends, Income Statement Impact | $5 | $5 | $5 | $5 |
| Net Income (Loss) Available to Common Stockholders, Basic | $-15,528 | $-13,157 | $-15,847 | $-18,500 |
| Weighted Average Number of Shares Outstanding, Basic | 3,537,882 | 8,041,496 | 8,301,904 | -25,736,603 |
| Selling and Marketing Expense | $4,865 | $4,405 | $5,271 | $5,954 |
| General and Administrative Expense | $6,118 | $9,109 | $11,296 | $12,606 |
| Operating Expenses | $19,129 | $19,492 | $22,110 | $23,131 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Commitments and Contingencies | — | $0 | $0 | $0 |
| Property, Plant and Equipment, Net | $493 | $1,185 | $1,231 | $1,137 |
| Intangible Assets, Net (Excluding Goodwill) | $629 | $644 | $650 | $650 |
| Assets | $18,883 | $25,140 | $23,341 | $15,449 |
| Operating Lease, Liability, Noncurrent | $207 | $837 | $803 | $787 |
| Liabilities | $38,064 | $18,492 | $14,190 | $16,934 |
| Preferred Stock, Value, Issued | $94 | $94 | $94 | $94 |
| Common Stock, Value, Issued | — | $3 | $5 | $5 |
| Additional Paid in Capital | $119,452 | $158,435 | $176,783 | $176,884 |
| Retained Earnings (Accumulated Deficit) | $-138,727 | $-151,884 | $-167,731 | $-178,468 |
| Stockholders' Equity Attributable to Parent | $-19,181 | $6,648 | $9,151 | $-1,485 |
| Cash | $603 | $10,391 | $10,424 | $2,410 |
| Accounts Receivable, after Allowance for Credit Loss, Current | $4,788 | $3,979 | $2,317 | $3,107 |
| Inventory, Net | $11,300 | $8,114 | $8,046 | $6,992 |
| Prepaid Expense and Other Assets, Current | $811 | $683 | $673 | $1,153 |
| Assets, Current | $17,761 | $23,311 | $21,460 | $13,662 |
| Accounts Payable, Current | $9,133 | $6,956 | $3,496 | $6,200 |
| Accrued Liabilities, Current | $1,096 | $984 | $669 | $634 |
| Secured Debt, Current | — | $9,571 | $9,182 | $9,227 |
| Operating Lease, Liability, Current | $207 | $207 | $40 | $35 |
| Liabilities, Current | $27,190 | $17,655 | $13,387 | $16,147 |
| Accounts Receivable, Allowance for Credit Loss, Current | $860 | $859 | $980 | $1,060 |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1,068 | $636 | $785 | $864 |
| Debt Issuance Costs, Net | — | $329 | $68 | $23 |
| Preferred Stock, Shares Authorized | 500,000 | 500,000 | 500,000 | 500,000 |
| Preferred Stock, Shares Issued | 9,411 | 9,411 | 9,411 | 9,411 |
| Common Stock, Shares Authorized | 180,000,000 | 180,000,000 | 60,000,000 | 60,000,000 |
| Common Stock, Shares, Issued | 4,187,291 | 45,371,247 | 11,820,429 | 11,857,086 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss) Attributable to Parent | $-15,523 | $-13,152 | $-15,842 | $-18,500 |
| Net Cash Provided by (Used in) Operating Activities | $-4,266 | $-6,124 | $-17,037 | $-14,641 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $70 | $9,788 | $33 | $-267 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $603 | $10,391 | $10,424 | $10,142 |
| Depreciation | $142 | $125 | $160 | $123 |
| Payments to Acquire Intangible Assets | $3 | $15 | $6 | $6 |
| Gain (Loss) on Disposition of Property Plant Equipment | $-8 | $-8 | $5 | $5 |
| Payments to Acquire Property, Plant, and Equipment | $85 | $152 | $272 | $272 |
| Amortization of Debt Discount (Premium) | $1,137 | $1,057 | $295 | $141 |
| Proceeds from Sale of Property, Plant, and Equipment | $68 | $68 | $25 | $25 |
| Net Cash Provided by (Used in) Investing Activities | $-20 | $-167 | $-253 | $-253 |
| Accounts Receivable, Credit Loss Expense (Reversal) | $608 | $608 | $980 | $1,808 |
| Inventory Write-down | $1,434 | $277 | $2,013 | $1,182 |
| Proceeds from Lines of Credit | $43,836 | $29,195 | $29,195 | $29,195 |
| Repayments of Lines of Credit | $45,213 | $39,153 | $39,152 | $39,152 |
| Proceeds from Issuance of Common Stock | $4,016 | $4,016 | $18,176 | $18,176 |
| Proceeds from Convertible Debt | $3,751 | $1,400 | $1,400 | $1,400 |
| Repayments of Long-term Debt | — | — | $650 | $650 |
| Repayments of Convertible Debt | $200 | $514 | $514 | $514 |
| Proceeds from (Repayments of) Related Party Debt | $-1,833 | $-115 | $-169 | $-169 |
| Net Cash Provided by (Used in) Financing Activities | $4,356 | $16,079 | $17,323 | $17,323 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1,046 | $870 | $826 | $798 |
| Increase (Decrease) in Accounts Receivable | $-275 | $408 | $-743 | $-148 |
| Increase (Decrease) in Inventories | $-2,653 | $-2,909 | $1,945 | $-5,007 |
| Increase (Decrease) in Prepaid Expense and Other Assets | $-528 | $-561 | $51 | $352 |
| Increase (Decrease) in Accounts Payable | $-1,073 | $-1,393 | $-3,345 | $-2,264 |
| Increase (Decrease) in Accrued Liabilities | $859 | $-116 | $-320 | $-2,261 |