Reeds Inc (REED) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to REIT's first quarter 2025 earnings conference call for the three months ended March 31st, 2025. My name is Angeline, and I will be your conference call operator for today. We have prepared remarks from Cyril Wallace, REIT's Chief Executive Officer, and Doug McCurdy, REIT's Chief Financial Officer. Following the remarks, they will take your questions. Before we begin, please take note of the company's cautionary statement. Today's call will include forward-looking statements, including statements about Reed's business plans. Forward-looking statements inherently involve risks and uncertainties and only reflect management's view as of today, May 14, 2025, and the company is under no obligation to update them. When discussing results, the presenters may refer to non-GAAP measures, which exclude certain items from reported results. Please refer to Reed's first quarter 2025 earnings release on REIT's investor website at investor.reitsinc.com and its quarterly report on Form 10-Q for the period ended March 31, 2025, expected to be available on the website soon for definitions and reconciliations of non-GAAP measures and additional information regarding results, including a discussion of factors that could cause actual results to materially defer from forward-looking statements. I will now turn the call over to Mr. Wallace. Please go ahead. Thank you, operator, and good morning, everyone. We appreciate you joining us today to discuss our first quarter 2025 results. I would like to begin by expressing how honored I am to address our shareholders and prospective investors for the first time as the new CEO of Reed. While I'm still early in the stages of shaping our long-term strategy and vision, I've been incredibly encouraged by what I've seen so ...