Reeds Inc (REED) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.299 Good morning and welcome to Reed's fourth quarter and full year 2024 earnings conference 00:00:05.299 -- 00:00:09.645 call for the three and 12 months ended December 31st, 2024. 00:00:09.645 -- 00:00:13.631 My name is Joelle and I will be your conference call operator for today. 00:00:13.631 -- 00:00:16.114 We will have prepared remarks from Norman E. 00:00:16.114 -- 00:00:17.677 Schneider, 00:00:17.677 -- 00:00:23.305 Reed's chief executive officer and Doug McCurdy, Reed's chief financial officer. 00:00:23.305 -- 00:00:26.525 Following their remarks, they will take your questions. 00:00:26.525 -- 00:00:30.610 Before we begin, please take note of the company's cautionary statement. 00:00:30.610 -- 00:00:34.796 Today's call will include forward-looking statements, including statements about Reid's 00:00:34.796 -- 00:00:40.022 business plans. Forward-looking statements inherently involve risks and uncertainties 00:00:40.022 -- 00:00:45.469 and only reflect management's view as of today, March 26, 2025, 00:00:45.469 -- 00:00:49.554 and the company is under no obligation to update them. 00:00:49.554 -- 00:00:54.501 When discussing results, the presenters may refer to non-GAAP measures, which exclude 00:00:54.501 -- 00:00:59.524 certain items from reported results. Please refer to REIT's fourth quarter 2024 earnings 00:00:59.524 -- 00:01:03.928 release on REIT's investor website at investor.reitsinc.com 00:01:04.972 -- 00:01:10.360 and its annual report on Form 10-K for the 2024 fiscal year expected 00:01:10.360 -- 00:01:15.528 to be available on the website soon. For definitions and reconciliations of non-GAAP 00:01:15.528 -- 00:01:20.956 measures and additional information regarding results, including a discussion of factors 00:01:20....