secwatch.observer — SEC 8-K summary
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Issuer:     JONES SODA CO. (JSDA)
CIK:        0001083522
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001171843-24-006343
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083522/000117184324006343/0001171843-24-006343-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083522/000117184324006343/f8k_111324.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-006343

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