---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-001549"
form_type: "8-K"
ticker: "JSDA"
cik: "0001083522"
company_name: "JONES SODA CO."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T06:20:49.847946+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-001549
- form_type: 8-K
- ticker: JSDA
- cik: 0001083522
- company_name: JONES SODA CO.
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083522/000117184323001549/0001171843-23-001549-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083522/000117184323001549/f8k_030923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-001549
- JSON: https://secwatch.observer/filing/0001171843-23-001549.json
- Plain text: https://secwatch.observer/filing/0001171843-23-001549.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083522/000117184323001549/0001171843-23-001549-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083522/000117184323001549/0001171843-23-001549-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.