Champ5
3 months ago
From the last quarter results:
Management Commentary
"2024 is off to a great start as I'm pleased to report our highest revenue performance for the first quarter since 2009," said David Knight, President and CEO of Jones Soda. "I believe we are making excellent progress transitioning Jones from a soda company to a high-growth beverage company. Through this process, we have entered into a number of strategic partnerships to expand our product offerings and overall brand awareness across both our Jones Soda and Mary Jones brands. I believe the first quarter of 2024 represented the start of our next phase aimed at profitable growth as many of these initiatives begun to take hold. I'm proud of all the work we've put in to report impressive year-over-year results, including revenue growth of 29%, gross profit margin expansion of 850 basis points and a decrease in operating expenses as a percentage of revenue of 350 basis points.
"While I'm proud of the momentum we've created to start the year, I believe we are still in the early innings and have ample runway ahead of us, and I remain highly encouraged by the growth opportunities at hand in 2024. Within our soda division, we plan to introduce innovative extensions of our product offerings in the coming quarters, along with brand new labels and packaging that we believe will position us nicely to compete with the largest brands in the various beverage categories. Regarding Mary Jones, we continue to make progress with geographic expansion into new markets and introducing new product offerings. Our newly launched Hemp Delta-9 products have been met with incredible reception from the broader consumer base, and we believe this product line will be a core growth driver going forward.
"I believe we continue to make great progress on our long-term strategic goals for Jones Soda. At the core of our strategy is unlocking significant shareholder value, and we firmly believe we are heading down the right path to do just that. While we have plenty of work ahead of us to reach new heights, we are proud of our current growth trajectory and look forward to delivering more profitable growth in the quarters to come."
Reistockpicks
2 years ago
...The 700 Million Dilution Will Not Hurt Insiders! For Example: The other day when Insider Bought 1,175.00 Shares He Bought Those at .19 Cents per Share, So Insiders Who In The Past Have bought Any Shares Out Of Pocket , That We're Not Options, but a buy on open mkt,(if any) Will Get even More Options To Buy at Lower prices To Compensate in Future..They Never Loose!! But If They We're In Same Boat As Retail!! Their Would Be No 700 Million Dilution...And For Those Who Have Been Here A Long Time! I am The Guy That Said JSDA Would Do A Weed Drink! Months Before Sol Bought In))Of course I don't see it on shelf yet or do I have crystal ball to see how much they will sell , Or will they be slapped with fda complaints , or will it be a hit! ..manofisle
pineyhill
3 years ago
Jones Soda Reports Strong Second Quarter 2021 Results
Second Quarter 2021 Financial Highlights vs. Year-Ago Quarter
Revenue increased 44% to $4.5 million compared to $3.1 million.
Gross profit as a percentage of revenue increased significantly to 31.3% compared to 18.9%.
Net income improved substantially to $309,000, or $0.00 per share, compared to a net loss of $738,000, or $(0.01) per share.
Adjusted EBITDA1 improved to $395,000 compared to $(653,000).
https://finance.yahoo.com/news/jones-soda-reports-strong-second-200500589.html