Jones Soda Q4 revenue $3.5M, net loss improves; full-year gross margin up 220 bps

JONES SODA CO.

Q4 revenue $3.5M vs $3.7M YoY; net loss $1.5M ($0.02 loss per share) vs $1.6M.
Full year 2023 revenue $16.7M vs $19.1M; gross margin 29.1% vs 26.9% (+220 bps).
Mary Jones cannabis revenue doubled to $1.2M for full year; Q4 cannabis revenue $438K.
Appointed Eric Bittner as COO; new food service division led by Victor Petrone; new distribution partners.
Launched Nuka Cola with Amazon; Spiked Jones (malt beverage) in production, expected launch April 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JONES SODA CO. reported fourth quarter and full year ended December 31, 2023 results: revenue $3.5 million, net income $1.5 million, EPS $(0.02) per share.

Period: fourth quarter and full year ended December 31, 2023
Revenue: $3.5 million
Net income: $1.5 million
EPS: $(0.02) per share
Result: reported results

Exact text from the filing

space, announced its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Summary vs. Year-Ago Quarter Revenue was $3.5 million compared to $3.7 million. The fourth quarter of 2023 included approximately $438,000 in revenue from the Company’s Mary Jones cannabis business compared to approximately $239,000

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

JONES SODA CO. filing history →

Source: SEC EDGAR

accession 0001171843-24-001351

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