Jones Soda Co Stock Price, News & Analysis

Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) reported its financial results for Q4 and full year 2022, marking the tenth consecutive quarter of year-over-year revenue growth. Q4 2022 revenue increased 28% to $3.7 million, while full-year revenue rose 29% to $19.1 million. Despite the revenue growth, the company reported a net loss of $1.6 million in Q4 and $6.4 million for the full year. The gross profit margin decreased due to rising material costs and one-time write-offs. For 2022, adjusted EBITDA was $(4.6 million). Management is optimistic about the cannabis market with the Mary Jones brand and is focusing on product innovation.

Jones Soda Co. (CSE: JSDA) has announced its international expansion into European markets through a partnership with American Fizz, the UK’s largest distributor of American food and drinks. The company, known for its bold and unique soda flavors made with pure cane sugar, is compliant with EU food regulations and will begin distribution in England, France, and Belgium in 2023. Jones Soda offers classic and innovative flavors, and is recognized for its customer engagement and unique branding, including personalized bottle caps. Further expansion into Germany and Spain is also planned.

On February 28, 2023, Jones Soda (CSE: JSDA, OTCQB: JSDA) announced the appointment of Gregg Reichman to its Board of Directors until the next annual meeting of stockholders. Chairman Paul Norman expressed confidence that Reichman’s expertise in finance and investments will enhance the company's corporate strategy, aiming to deliver greater value to stockholders through growth and diversification. The company is known for its craft sodas and cannabis products, with a presence in both traditional beverage markets and the cannabis sector across North America.

Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) will host a conference call on March 9, 2023, at 4:30 p.m. Eastern time to discuss its fourth quarter and full-year financial results for 2022. The results will be released prior to the call. Investors and analysts are encouraged to submit questions by March 3, 2023. The call can be accessed via a toll-free number or online and will be available for replay until March 16, 2023. Jones Soda is a leading craft soda maker known for its unique flavors and user-submitted photo labels, with products distributed across North America.

Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) announces the expansion of its cannabis-infused beverage brand, Mary Jones, into Washington after a successful California launch. Washington, a top 10 cannabis market, is a priority due to strong local demand. Manufacturing is managed by CompCanna Inc. and Dogtown Pioneers, ensuring swift distribution. Mary Jones will offer a variety of THC-infused beverages, including popular flavors like Root Beer and Berry Lemonade. With anticipated annual sales in Washington projected at $2.5 billion by 2025, the company aims for significant growth.

Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) announces the launch of its Mary Jones Cannabis-Infused Syrups in select dispensaries starting December 19, 2022. These syrups, available in four flavors—Root Beer, Berry Lemonade, Green Apple, and Orange & Cream—contain 100mg of THC per 4 fl oz bottle. They are designed for versatility, suitable for cocktails, desserts, or sipped straight. This product release coincides with the holiday season and aims to enhance the brand's presence in the growing cannabis market. The syrups will debut at Sweet Flower locations in California.

Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) has announced its partnership with Empire Marketing Strategies to enhance its presence in over 2,000 Kroger stores. This collaboration aims to increase the brand's assortment across multiple Kroger divisions, utilizing Empire's expertise in retail analytics and management. Jones Soda has experienced nine consecutive quarters of revenue growth, driven by strengthened retail relationships and innovative marketing strategies. The partnership also involves managing inventory at Kroger's Ocado-automated fulfillment centers, expanding the company's reach in online grocery delivery.

Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) reported a 5% revenue increase, reaching $4.8 million for Q3 2022, marking the ninth consecutive quarter of year-over-year growth. However, gross profit margin declined to 26.9% from 32.0% due to higher material costs. The net loss widened to $1.7 million from $59,000 the previous year, partly due to $0.8 million in expenses related to cannabis product developments. Cash reserves increased to $8.2 million. The Company aims to enhance margins and expand its cannabis offerings moving forward.

Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) is launching two limited-edition, holiday-themed sodas, Turkey and Gravy Soda and Sugar Cookie Soda, in U.S. stores this month. These flavors are part of the company's Special Release program, aimed at increasing brand awareness and customer engagement. The sodas will be available in single bottles and 4-packs, priced between $1.69 and $6.99. This initiative builds on the success of previous releases, contributing to nine consecutive quarters of revenue growth and profitability, according to President Eric Chastain.