secwatch.observer — SEC 8-K summary
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Issuer:     JONES SODA CO. (JSDA)
CIK:        0001083522
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001171843-23-002892
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083522/000117184323002892/0001171843-23-002892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083522/000117184323002892/f8k_050423.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-002892

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer