Jones Soda Q3 net loss widens to $1.7M; revenue up 5% to $4.8M

JONES SODA CO.

Net loss of $1.7M vs $59K loss YoY; adjusted EBITDA loss of $1.0M (includes $0.8M cannabis costs).
Revenue $4.8M (+5% YoY); gross margin fell to 26.9% from 32.0% on higher materials costs.
Cannabis line (Mary Jones) contributed ~$114K revenue; new 100mg THC beverage launched.
Cash at $8.2M vs $4.7M Dec 2021; ninth consecutive quarter of YoY revenue growth.
Supply chain stabilizing; holiday promotions (Turkey & Gravy Challenge, Sugar Cookie Soda) planned.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JONES SODA CO. reported third quarter ended September 30, 2022 results: revenue $4.8 million, net income $1.7 million, or $(0.02) per share, EPS $(0.02) per share.

Period: third quarter ended September 30, 2022
Revenue: $4.8 million
Net income: $1.7 million, or $(0.02) per share
EPS: $(0.02) per share
Result: reported results

Exact text from the filing

labels, announced its financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Highlights vs. Year-Ago Quarter Revenue increased 5% to $4.8 million compared to $4.6 million. Gross profit as a percentage of revenue was 26.9% compared to 32.0%. Net loss was $1.7 million, or $(0.02) per share, compared to a net loss of $59,000,

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

JONES SODA CO. filing history →

Source: SEC EDGAR

accession 0001171843-22-007078

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