secwatch.observer — SEC 8-K summary
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Issuer:     JONES SODA CO. (JSDA)
CIK:        0001083522
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001171843-22-003572
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jones Soda Q1 revenue +58% to $4.5M; net loss widens to $1.7M on cannabis spend
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- Revenue $4.5M vs $2.9M YoY (+58%); gross margin improved 40 bps to 27.3%.
- Net loss $1.7M ($0.02/sh) vs $0.7M ($0.01/sh); Adj. EBITDA -$1.1M vs -$0.6M.
- Cannabis-related expenses $0.8M; Mary Jones launch postponed to Q2 2022.
- Cash $11.9M after $11.0M raised in Pinestar Gold concurrent financing.
- Signed binding LOI with Simply Better Brands; 7-Eleven Slurpee program announced.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083522/000117184322003572/0001171843-22-003572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083522/000117184322003572/f8k_051122.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-003572

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer