Reeds Inc (REED) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to REIT's second quarter 2025 earnings conference call for the three and six months ended June 30th, 2025. My name is Anas, and I'll be your conference call operator for today. We will have prepared remarks from Sir Wallace, REIT's chief executive officer, and Doug McCurdy, REIT's chief financial officer. Following their remarks, they will take your questions. Before we begin, please take notes of the company cautionary statement. Today's call will include forward-looking statements, including statements about REIT's business plans. Forward-looking statements inherently involve risks and uncertainties and only reflect management's view as of today, August 13, 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 for reporting results. These refer to REIT's second quarter 2025 earnings released on the REIT's investor website at investor.reitsinc.com, and its quarterly report on Form 10-Q for the period ended June 30, 2025. Expected to be available on the website soon for definitions and reconciliations of non-GAAP measures and additional information regarding results, including discussion of factors that could cause actual results to materially differ from forward-looking statements. I will now turn the call over to Mr. Wallace. Thank you, Anis. And good morning, everyone. We appreciate you joining us today to discuss our second quarter 2025 results. We are in the early stages of strengthening our commercial execution. and better positioning REITs for long-term growth and profitability. Although we saw softer order volumes during the quarter, we are making meaningful progress in streamlining operations, refining our marketing approach, a...