secwatch.observer — SEC 8-K summary
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Issuer:     JONES SODA CO. (JSDA)
CIK:        0001083522
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001171843-23-001549
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083522/000117184323001549/0001171843-23-001549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083522/000117184323001549/f8k_030923.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-001549

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