Jones Soda Q3 revenue down 6% to $4.5M; gross margin up 600bps to 32.9%

JONES SODA CO.

Revenue of $4.5M vs $4.8M YoY; Mary Jones cannabis revenue $220K (up 93% YoY but down from $400K in Q2).
Net loss improved to $0.9M ($0.01/share) from $1.7M ($0.02/share); Adjusted EBITDA loss narrowed to $862K.
Gross margin expanded to 32.9% from 26.9% due to supply-chain optimization and pricing adjustments.
Cash at quarter end $5.2M, down from $8.0M at Dec 2022; Mary Jones expansion into WA, MI, NV progressing.
Core bottled soda faced headwinds in food-service and slower grocery-channel velocity.

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 third quarter ended September 30, 2023 results: revenue $4.5 million, net income $0.9 million, or $(0.01) per share, EPS $(0.01) per share.

Period: third quarter ended September 30, 2023
Revenue: $4.5 million
Net income: $0.9 million, or $(0.01) per share
EPS: $(0.01) per share
Result: reported results

Exact text from the filing

photo labels, announced its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Summary vs. Year-Ago Quarter Revenue was $4.5 million compared to $4.8 million. The third quarter of 2023 included approximately $220,000 in revenue from the Company’s Mary Jones cannabis business. Gross profit as a percentage of

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 0001171843-23-006954

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.