---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002892"
form_type: "8-K"
ticker: "JSDA"
cik: "0001083522"
company_name: "JONES SODA CO."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T19:48:30.061202+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Jones Soda Q1 revenue $3.9M loss improves, margins up 200bps

## Summary
- Revenue down to $3.9M vs $4.5M YoY due to one-time stocking event in prior year.
- Gross margin expanded 200 bps to 29.3%; net loss narrowed to $1.4M from $1.7M.
- Adjusted EBITDA unchanged at -$1.1M; operating expenses reduced.
- Core bottled soda expanded: Target store count up, Kroger national Root Beer listing, Meijer velocity exceeded expectations.
- Cannabis segment Mary Jones grows in CA with Grape and Cola flavors planned; expansion in WA, MI, NV on track.

## SEC filing metadata
- accession: 0001171843-23-002892
- form_type: 8-K
- ticker: JSDA
- cik: 0001083522
- company_name: JONES SODA CO.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1083522/000117184323002892/0001171843-23-002892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083522/000117184323002892/f8k_050423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002892
- JSON: https://secwatch.observer/filing/0001171843-23-002892.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002892.txt

## Key facts
- Earnings Releases
  JONES SODA CO. reported the first quarter ended March 31, 2023 results: revenue $3.9 million, net income $1.4 million, EPS $(0.01) per share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $3.9 million
  - Net income: $1.4 million
  - EPS: $(0.01) per share
  - Result: reported results
  source text: First Quarter 2023 Financial Summary vs. Year-Ago Quarter Revenue was $3.9 million compared to $4.5 million. Gross profit as a percentage of revenue increased 200 basis points to 29.3% compared to 27.3%. Net loss improved to $1.4 million, or $(0.01) per share, compared to a net loss of $1.7 million, or $(0.02) per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083522/000117184323002892/0001171843-23-002892-index.htm

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