Jones Soda Q3 revenue down to $4.2M, net loss widens to $2.6M; appoints Paul Norman as interim CFO

JONES SODA CO.

2025-Q3 EPS reported -$0.05 revenue$16,367,000

Revenue $4.2M vs $4.5M YoY; gross margin fell from 32.9% to 21.2%.
Net loss $2.6M ($0.02/shr) vs $0.9M ($0.01/shr) YoY; Adjusted EBITDA $(2.2)M.
Mary Jones (cannabis) revenue rose to ~$800K from $220K YoY, but not enough to offset legacy declines.
Cash $2.7M at Sep 30, down from $3.9M at Dec 31; raised $3.7M net in Aug 2024 private placement.
Paul Norman appointed interim CFO (eff. Nov 12), replacing Dissinger; Norman already interim CEO.

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