Jones Soda Q4 revenue up 28% to $3.7M; net loss widens to $1.6M on cannabis costs

JONES SODA CO.

Q4 revenue $3.7M (+28% YoY); net loss $1.6M ($0.02 loss per share) vs $1.3M loss year ago.
FY22 revenue $19.1M (+29%); net loss $6.4M ($0.07 loss per share) vs $1.8M loss in FY21.
Cannabis (Mary Jones) expenses: $871K in Q4, $3.6M full year; revenue $239K Q4, $353K full year.
Gross margin fell: Q4 24.8% vs 26.5%, FY 26.9% vs 29.7% due to material costs and program write-offs.
Ended FY22 with ~$8.0M cash; management cites 10th consecutive quarter of YoY revenue growth.

item 2.02 item 9.01

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 Q4 2022 results: revenue 3.7 million, net income 1.6 million, EPS (0.02).

Period: Q4 2022
Revenue: 3.7 million
Net income: 1.6 million
EPS: (0.02)
Result: reported results

Exact text from the filing

Fourth Quarter 2022 Financial Summary vs. Year-Ago Quarter Revenue increased 28% to $3.7 million compared to $2.9 million. Gross profit as a percentage of revenue was 24.8% compared to 26.5%. Net loss was $1.6 million, or $(0.02) per share, compared to a net loss of $1.3 million, or $(0.02) per share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JONES SODA CO. reported FY 2022 results: revenue 19.1 million, net income 6.4 million, EPS (0.07).

Period: FY 2022
Revenue: 19.1 million
Net income: 6.4 million
EPS: (0.07)
Result: reported results

Exact text from the filing

Full Year 2022 Financial Summary vs. Prior Year Revenue increased 29% to $19.1 million compared to $14.8 million. Gross profit as a percentage of revenue was 26.9% compared to 29.7%. Net loss was $6.4 million or $(0.07) per share, compared to a net loss of $1.8 million, or $(0.03) per share.

View on SEC.gov

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

JONES SODA CO. filing history →

Source: SEC EDGAR

accession 0001171843-23-001549

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