Reeds Inc (REED) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.798 Good morning and welcome to REIT's third quarter 2025 earnings conference call 00:00:05.798 -- 00:00:10.464 for the three and nine months ended September 30, 2025. 00:00:10.464 -- 00:00:14.930 My name is Lily and I will be your conference call operator for today. 00:00:14.930 -- 00:00:19.936 We will have the prepared remarks from Sarah Wallace, REIT's chief executive 00:00:19.936 -- 00:00:24.582 officer, and Douglas Curdy, REIT's chief financial officer. 00:00:24.582 -- 00:00:29.005 Following the remarks, they will take your questions. 00:00:29.360 -- 00:00:34.768 Before we begin, please take note of the company's cautionary statement. 00:00:34.768 -- 00:00:39.895 Today's call will include forward-looking statements, including statements about 00:00:39.895 -- 00:00:45.283 READ's business plan. Forward-looking statements inherently involve risks 00:00:45.283 -- 00:00:50.411 and uncertainties, and only reflect management's view as of today, November 00:00:50.411 -- 00:00:55.736 4, 2025. And the company is not 00:00:56.279 -- 00:00:59.532 under obligation to update them. 00:00:59.532 -- 00:01:05.157 When discussing results, the presenter may refer to NANGOP measures, which 00:01:05.157 -- 00:01:09.419 exclude certain items from the reported results. 00:01:11.763 -- 00:01:17.267 Please refer to READ's Investors website at investors.readsinc.com 00:01:19.991 -- 00:01:23.993 and its quarterly report on Form 10-Q 00:01:24.135 -- 00:01:28.197 for the period ended September 30, 2025. 00:01:28.287 -- 00:01:32.933 This should be expected to be available on the website soon. 00:01:32.933 -- 00:01:38.541 For definitions and reconciliations of man-goth measures and additional information 00:01:38.541 -- 00:01:40.524 regarding results, 00:01:40.5...