secwatch.observer — SEC 8-K summary
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Issuer:     JONES SODA CO. (JSDA)
CIK:        0001083522
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001171843-22-005362
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jones Soda Q2 revenue up 35% to $6M, net loss $1.4M; cannabis launch beats expectations
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- Revenue grew 35% to $6.0M vs $4.5M YoY; net loss of $1.4M ($0.02 loss per share) vs net income $0.3M.
- Gross margin fell to 28.0% from 31.3% due to inflation, higher material/freight costs, and product mix.
- Adjusted EBITDA -$1.1M (includes $1.2M cannabis launch costs) vs +$0.4M a year ago.
- Cash increased to $9.3M from $4.7M at Dec 2021; no outstanding convertible debentures or material debt.
- Initial Mary Jones cannabis product launch receives enthusiastic feedback and beats internal expectations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083522/000117184322005362/0001171843-22-005362-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083522/000117184322005362/f8k_080422.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-005362

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