May 15 (Reuters) - Reed's Inc
* Reed's Inc announces first quarter financial results
* Q1 sales $8.3 million
* Q1 loss per share $0.14
* Reed's Inc says Q1 results were "disappointing"
* Reed's Inc - in process of a thorough evaluation of business
* Reed's Inc - have implemented a program to reduce number of product packaging options by more than 100 Source text for Eikon: Further company coverage: