Jones Soda Q3 revenue up 29% to $4.6M; net loss narrows; Chastain appointed division president

JONES SODA CO.

Q3 2021 revenue $4.6M (+29% YoY); gross margin improved 600 bps to 32.0%; net loss fell to $59k from $450k.
Adjusted EBITDA turned positive to $72k from $(324k); first consecutive positive operating income quarters since 2006.
Anticipates launching cannabis beverages, edibles, vapes, pre-rolls in Q1 2022 via Pinestar arrangement.
Board ratified Eric Chastain as President/COO of beverage division, salary raised to $200k; $15k bonus to controller Joe Culp.

item 2.02 item 5.02 item 9.01

Executive movements

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Role change

Eric Chastain

President and Chief Operating Officer

JSDA · JONES SODA CO.

Effective: 2021-11-08
Filed: November 4, 2021, 7:59 PM ET

ratified the appointment of Eric Chastain, the Company’s Chief Operating Officer, as the President and Chief Operating Officer of the Company’s beverage division, to be effective as of November 8, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Eric Chastain was appointed as President and Chief Operating Officer at JONES SODA CO..

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

ratified the appointment of Eric Chastain, the Company’s Chief Operating Officer, as the President and Chief Operating Officer of the Company’s beverage division, to be effective as of November 8, 2021.

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JONES SODA CO. filing history →

Source: SEC EDGAR

accession 0001171843-21-007563

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