secwatch.observer — SEC 8-K summary
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Issuer:     JONES SODA CO. (JSDA)
CIK:        0001083522
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001171843-23-006954
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083522/000117184323006954/0001171843-23-006954-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083522/000117184323006954/f8k_110923.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-006954

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