secwatch.observer — SEC 8-K summary
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Issuer:     JONES SODA CO. (JSDA)
CIK:        0001083522
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001171843-23-005152
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083522/000117184323005152/0001171843-23-005152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083522/000117184323005152/f8k_080923.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-005152

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