Jones Soda Q2 revenue $4.8M (-20% YoY) as net loss narrows to $1M; gross margin up 440bps

JONES SODA CO.

Revenue $4.8M vs $6.0M YoY; prior year had ~$1M one-time inventory stocking event.
Gross margin 32.4% vs 28.0% (+440bps) driven by pricing and lower freight/raw material costs.
Net loss $(1.0M) or $(0.01)/share, improved from $(1.4M) or $(0.02)/share YoY.
Cannabis segment generated ~$400K in Q2, up from $200K in Q1; expects to be operational in 3 new states by year-end.
Adjusted EBITDA improved to $(729K) from $(1.1M) YoY; CEO cites operational progress and margin expansion.

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 the quarter ended June 30, 2023 results: revenue $4.8 million, net income net loss of $1.0 million, EPS $(0.01) per share.

Period: the quarter ended June 30, 2023
Revenue: $4.8 million
Net income: net loss of $1.0 million
EPS: $(0.01) per share
Result: reported results

Exact text from the filing

Revenue was $4.8 million compared to $6.0 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JONES SODA CO. reported the quarter ended June 30, 2023 results: revenue $4.8 million, net income net loss of $1.0 million, EPS $(0.01) per share.

Period: the quarter ended June 30, 2023
Revenue: $4.8 million
Net income: net loss of $1.0 million
EPS: $(0.01) per share
Result: reported results

Exact text from the filing

user-submitted photo labels, announced its financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Summary vs. Year-Ago Quarter Revenue was $4.8 million compared to $6.0 million. The second quarter of 2023 included approximately $400,000 in revenue from the Company’s new cannabis business. Gross profit as a percentage of revenue

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 0001171843-23-005152

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.