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Stock impact report

Jones Soda Reports Third Quarter 2024 Results

JONES SODA CO (JSDA) 
US:NASDAQ Investor Relations: jonessoda.com/pages/investorrelations
Company Research Source: GlobeNewswire
SEATTLE, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) (“Jones” or the “Company”), a beverage innovation company focused on developing, marketing and distributing cutting edge consumer drink and wellness products as well as leading brands in the cannabis infused beverage category space, announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Summary vs. Year-Ago Quarter Revenue was $4.2 million compared to $4.5 million. The third quarter of 2024 included approximately $800,000 in revenue from the Company’s Mary Jones business compared to approximately $220,000 in the third quarter of 2023.Gross margin was 21.2% compared to 32.9% in the prior year quarter.Net loss was $2.6 million, or $(0.02) per share, compared to a net loss of $0.9 million, or $(0.01) per share.Adjusted EBITDA1 was $(2.2) million compared to $(0.9) million. Management Commentary “Our third quarter did not meet our Show less Read more
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