Spark Energy Minerals reports positive assay results from Brazil's Lithium Valley
Stream sediment sampling at the Água Branca target returned consistent lithium anomalies (up to 118 ppm), supporting the area's broader exploration potential
The company is preparing for Q3 2025 diamond drilling across three priority lithium targets and is also advancing exploration at its emerging rare earth element (REE) target at Caladão
Spark Energy Minerals stock (CSE:SPRK) last traded at $0.06
Spark Energy Minerals (CSE:SPRK) released encouraging assay results from its ongoing exploration program at the flagship Arapaima Project, located in Brazil's prolific Lithium Valley. The latest results bolster the company's confidence in advancing its three priority lithium targets—Cruzeta, Água Branca, and Grota do Maquém—toward diamond drilling in Q3 2025.
At the Cruzeta Target, reconnaissance rock-chip sampling has returned highly anomalous lithium values, with a peak result of 3,712 ppm lithium—the highest recorded since the field program commenced in November 2024. The 16 samples collected from pegmatite exposures also revealed significant concentrations of tin (up to 372 ppm Sn), niobium (559 ppm Nb), tantalum (87 ppm Ta), gallium (158 ppm Ga), scandium (83 ppm Sc), cesium (267 ppm Cs), and beryllium (8 ppm Be). Notably, potassium/rubidium (K/Rb) ratios as low as 13 suggest the presence of highly evolved LCT (lithium-cesium-tantalum) pegmatites, typically associated with lithium-rich mineralization.
Stream sediment sampling at the Água Branca target continues to yield promising results, with a peak sub-basin value of 118 ppm lithium. These findings are consistent with previously reported anomalies and support the broader exploration potential of the area. The company notes that these results are preliminary and part of an early-stage exploration program. Advancing toward Q3 diamond drilling
Spark's geological team is actively conducting detailed mapping and sampling to refine drill targets across its three priority zones. The company remains on track to initiate diamond drilling in the third quarter of 2025, marking a significant milestone in the advancement of the Arapaima Project. Emerging rare earth element (REE) potential at Caladão
In addition to lithium exploration, Spark is progressing its emerging rare earth element target at Caladão, further diversifying the project's critical mineral potential.
'These results further validate the strong lithium potential of our Arapaima Project,' Spark's CEO, Eugene Hodgson commented in a media release. 'The 3,712-ppm lithium-in-rock result at Cruzeta is our highest to date, supported by key pathfinder elements indicative of evolved LCT pegmatites. The 118 ppm lithium in stream sediments at Água Branca further underscores the district-scale opportunity. With diamond drilling planned for Q3 2025, we are accelerating target refinement. Brazil's Lithium Valley is quickly emerging as a globally significant jurisdiction for critical minerals, and Spark is well-positioned at the forefront of this discovery phase.' Stock option grant
The Company also announced the granting of 500,000 stock options to officers and consultants, including 300,000 options to insiders. Each option is exercisable at $0.10 per share for a two-year term and vests immediately, subject to a statutory hold period of four months plus one day. About Spark Energy Minerals
Spark Energy Minerals Inc. is focused on the acquisition, exploration, and development of battery metals and mineral assets, with a particular emphasis on its substantial interests in Brazil.
Spark Energy Minerals stock (CSE:SPRK) last traded at $0.06 and has lost 36.84 per cent since the year began.
Join the discussion: Find out what everybody's saying about this stock on the Spark Energy Minerals Bullboard investor discussion forum, and check out the rest of Stockhouse's stock forums and message boards.
Join the discussion: Find out what everybody's saying about this stock on the LevelJump Healthcare Bullboard, and check out the rest of Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
29 minutes ago
- Cision Canada
TARGA ANNOUNCES UPSIZED NON-BROKERED PRIVATE PLACEMENT OF FLOW THROUGH SHARES FOR GROSS PROCEEDS OF UP TO $950,000
VANCOUVER, BC, Aug. 15, 2025 /CNW/ - Targa Exploration Corp. (CSE: TEX) (FRA: V6Y) (OTCQB: TRGEF) (" Targa" or the " Company") is pleased to announce that, due to significant investor demand, it has increased the maximum gross proceeds of its previously announced non-brokered private placement (see press release dated August 8, 2025) to C$950,000 (the " Offering"). The Offering will consist of the sale of flow-through shares of the Company (each, an " FT Share") at a price of C$0.15 per FT share. Each FT Share will be issued as a "flow-through share" as defined in subsection 66(15) of the Income Tax Act (Canada) and in section 359.1 of the Quebec Tax Act with respect to purchasers in Quebec. The net proceeds of the Offering will be used for exploration of the Company's Opinaca gold project. The gross proceeds from the issuance of the FT Shares will be used to incur eligible "Canadian exploration expenses" in Quebec that qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada). The Company has agreed to renounce such qualifying expenditures with an effective date of no later than December 31, 2025, in an amount of not less than the total amount of the gross proceeds raised from the issuance of FT Shares and incur such expenses by December 31, 2026. Closing of the Offering is anticipated to occur on or about August 22, 2025 (the "Closing Date") and is subject to customary closing conditions. In connection with the Offering, the Company may pay finder's fees to eligible finders. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and a day from the Closing Date. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction. About the Opinaca Gold Project The Opinaca Project is located in the James Bay region of Quebec, approximately 45km south of the all-season Trans-Taiga Road and 140km northeast of the Eleonore gold mine. The Opinaca Project covers 85,267 contiguous hectares of the Opinaca geological sub-province, dominantly a metasedimentary region with neoarchean-aged igneous intrusions including of the Vieux Comptoir suite of granites. Till sampling and prospecting work in 2023 and 2024 has identified a 7km-long gold target trend near the center of the project. Boulder sampling in 2024 returned a dozen boulders with anomalous (>0.1g/t) gold values, including up to 6.7g/t Au. A recent airborne magnetic survey has identified a 4km magnetic anomaly at the center of the gold trend. About Targa Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF) is a Canadian exploration company engaged in the acquisition, exploration, and development of gold mineral properties with headquarters in Vancouver, British Columbia. Targa's principal asset is it's Opinaca Gold Project where a significant gold-in-till anomaly has been identified over a strike length of 7km. Targa is planning a maiden drill program at Opinaca in 2025. SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS This news release includes certain "Forward‐Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward‐looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward‐looking statements or information. These forward‐looking statements or information relate to, among other things: obtaining the required regulatory approvals; completion of the Offering; the anticipated Closing Date; the proposed use of proceeds of the Offering; the tax treatment of the FT Shares; the renouncement of applicable expenditures; and the exploration and development of the Company's properties. Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Targa, future growth potential for Targa and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of lithium and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Targa's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. These statements reflect Targa's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward‐looking statements or forward-looking information and Targa has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: price volatility of lithium and other metals; risks associated with the conduct of the Company's mineral exploration activities in Canada; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in Targa's management discussion and analysis and other public disclosure documents. Readers are cautioned against attributing undue certainty to forward‐looking statements or forward-looking information. Although Targa has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Targa does not intend, and does not assume any obligation, to update these forward‐looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Targa Exploration Corp.
The Market Online
8 hours ago
- The Market Online
Nextech3D.ai brings event ticketing to the blockchain
(CSE:NTAR) is developing a blockchain ticketing platform to foster market share in the more than US$85 billion online event ticketing industry is an augmented reality, AI-powered 3D modeling and spatial computing company with a growing client base including Amazon and Shopify stock has given back 20.83 per cent year-over-year and 98.39 per cent since 2020 (CSE:NTAR), a 3D modeling and event technology company, is developing a blockchain ticketing software platform to foster market share in the more than US$85 billion online event ticketing industry, which is expected to add more than US$15 billion in value by 2030. This content has been prepared as part of a partnership with Corp., and is intended for informational purposes only. The platform will provide each attendee with an event token, a blockchain-secured digital asset that is both verifiable and tradable, enabling organizers to engage and monetize their audiences without relying on third parties. Management has its sights set on fully integrating the ticketing software to its Map D event technology suite in preparation for pilot events in Q4 2025, setting the stage for client discussions and initial orders. Leadership insights 'The event-token changes the game for both organizers and attendees,' Evan Gappelberg, chief executive officer, stated in Friday's news release. 'We are building a platform that not only eliminates fraud but creates an entirely new layer of value through tradable digital collectibles and ongoing engagement. By combining blockchain technology with our existing event solutions, is well-positioned in the global ticketing industry.' About is an augmented reality, AI-powered 3D modeling and spatial computing company active in the e-commerce, advertising and event industries. The company counts Amazon and Shopify as 3D modeling clients. stock (CSE:NTAR) last traded at C$0.095. The stock has given back 20.83 per cent year-over-year and 98.39 per cent since 2020. Join the discussion: Find out what everybody's saying about this AI stock on the Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Cision Canada
10 hours ago
- Cision Canada
Jones Soda Reports Second Quarter 2025 Results
SEATTLE, Aug. 15, 2025 /CNW/ - Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA) ("Jones Soda" or the "Company"), today announced its financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Summary vs. Year-Ago Quarter Revenue was $4.9 million compared to $6.7 million. Net income was $2.6 million, or $0.02 per share, compared to a net loss of $1.6 million, or $(0.02) per share. The increase was driven primarily by the sale of the Cannabis business as well as continued reductions in operating costs during the quarter. Adjusted EBITDA 1 was $(0.5) million compared to $(1.2) million and an improvement of $0.7 million or 56% over the prior year. Second Quarter 2025 and Recent Activity Update Announced the sale of its cannabis beverage business, including all related assets under the Mary Jones™ brand, to MJ Reg Disrupters LLC for $3 million. HD9 sales were $0.8 million representing a $0.2 million dollar increase from the second quarter of 2024. Jones will be expanding into the Club Channel in Q3 with its iconic 12oz glass bottle. Strong demand through direct to consumer from our Crayola and Fallout offerings this quarter, with a upcoming unique offering in Q4 in coordination with Bethesda and Fallout II. Announced in April that Pop Jones, is now featured in Modern Beverage POGs across over 1500 national and regional chain stores including Safeway, Albertsons, Kroger, Market Basket, HyVee Stores, and will be expanding into another major mid-west chain in Q3. Launched Jones Zero Cola in March across 10,000+ national and regional grocery stores, with plans to introduce additional zero-calorie flavors and Jones Zero Root Beer, later in 2025. _____________________________ 1 Adjusted EBITDA is defined as net income (loss) from operations before interest expense, interest income, taxes, depreciation, amortization and stock-based compensation and is a non-GAAP measure (reconciliation provided below). Management Commentary "In the second quarter of 2025, we built on the solid foundation laid in the first quarter, making meaningful strides in our strategic turnaround and are maintaining strong early momentum," said Scott Harvey, CEO of Jones Soda. "Most significantly, the second quarter marked a return to positive net income of $2.6 million, primarily driven by the gain on the sale of our Cannabis business. While this milestone highlights the immediate financial benefit of the divestiture, it also reflects our team's continued focus on operating efficiently and managing expenses effectively. This strategic portfolio refinement has streamlined operations and sharpened our focus, enabling us to dedicate our full attention to strengthening and growing our core beverage business." "With a disciplined cost structure and clear operational levers, we are prioritizing driving top-line growth across our three main categories: core soda, modern soda, and adult beverages. Our priority remains accelerating sales through strategic partnerships while continuing to strengthen relationships with our suppliers to capture market opportunities in all channels. Overall, Jones is well-positioned to capitalize on growth opportunities in the soda and beverage market as we continue refine our brand, optimize operations, and advance our strategic sales initiatives." Second Quarter 2025 Financial Results Revenue in the second quarter of 2025 was $4.9 million compared to $6.7 million in the prior year period. This included $0.8 million from sales of its HD9 products, compared to $0.6 in the second quarter of 2024. The decline in revenue was primarily attributable to a large one-time pipeline fill in the second quarter of 2024. This was partially offset by growth in, direct to consumer, food service, convenience stores and HD9 products. Gross profit for the second quarter of 2025 was $1.6 million compared to $2.3 million in the year-ago period. The decline was primarily driven by the lower sales revenue. Total operating expenses in the second quarter of 2025 were $2.4 million compared to $4.0 million in the year-ago period. The decrease was primarily driven by the continued cost management and supply chain optimization efforts. Net income increased to $2.6 million, or $0.02 per share, compared to a net loss of $1.6 million, or $(0.02) per share. The increase in net income was primarily driven by the gain on sale of its Cannabis businesses as well as the decreases in selling and marketing expenses and general and administrative expenses. Adjusted EBITDA 2 was $(0.5) million compared to $(1.2) million and an improvement of $0.7 million or 56% over the prior year. Conference Call Jones Soda will hold a conference call today at 8:30 a.m. Eastern time to discuss its results for the second quarter ended June 30, 2025. Date: Friday, August 15, 2025 Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time) Toll-free dial-in number: 1-877-407-0784 International dial-in number: 1-201-689-8560 Conference ID: 13755191 Please call the conference telephone number five minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting to the call, please contact Gateway Group at 1-949-574-3860. The conference call will be broadcast live and available for replay here and via the investor relations section of the Company's website at A telephonic replay of the conference call will be available after 12:30 p.m. Eastern time on the same day through August 29, 2025. Toll-free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 13755191 Presentation of Non-GAAP Information This press release contains disclosure of the Company's Adjusted EBITDA which is not a United States Generally Accepted Accounting Principle ("GAAP") financial measure. The difference between Adjusted EBITDA (a non-GAAP measure) and Net Loss (the most comparable GAAP financial measure) is the exclusion of interest expense and income, income tax expense, depreciation and amortization expense and stock-based compensation. We have included a reconciliation of Adjusted EBITDA to Net Loss under "Jones Soda Co. Non-GAAP Reconciliation" at the end of this press release. This non-GAAP measure should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP. Adjusted EBITDA has certain limitations in that it does not take into account the impact of certain expenses to our consolidated statements of operations. In addition, because Adjusted EBITDA may not be calculated identically by all companies, the presentation here may not be comparable to other similarly titled measures of other companies. We believe that Adjusted EBITDA provides useful information to investors about the Company's results attributable to operations, in particular by eliminating the impact of non-cash charges related to stock-based compensation, amortization and depreciation that is consistent with the manner in which management evaluates the Company's performance. These adjustments to the Company's GAAP results are made with the intent of providing a more complete understanding of the Company's underlying operational results and provide supplemental information regarding the Company's current ability to generate cash flow. Adjusted EBITDA is not intended to be considered in isolation or as a replacement for, or superior to Net Loss as an indicator of the Company's operating performance, or cash flow, as a measure of its liquidity. Adjusted EBITDA should be reviewed in conjunction with Net Loss as calculated in accordance with GAAP. About Jones Soda Co. Jones Soda Co. ® (CSE: JSDA, OTCQB: JSDA) is a leading craft soda manufacturer with a subsidiary dedicated to cannabis products. The company markets and distributes premium craft sodas under the Jones ® Soda brand, and a variety of cannabis products under the Mary Jones brand. Jones' mainstream soda line is sold across North America in glass bottles, cans and on fountain through traditional beverage outlets, restaurants and alternative accounts. The company is headquartered in Seattle, Washington. For more information, visit or Forward-Looking Statements Disclosure Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all passages containing words such as "will," "aims," "anticipates," "becoming," "believes," "continue," "estimates," "expects," "future," "intends," "plans," "predicts," "projects," "targets," or "upcoming." Forward-looking statements also include any other passages that are primarily relevant to expected future events or that can only be evaluated by events that will occur in the future. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Factors that could affect the Company's actual results, including its financial condition and results of operations, include, among others: its ability to successfully execute on its growth strategies and operating plans for the future;; the Company's ability to continue to develop and market THC/CBD-infused and/or cannabis-infused beverages and edibles, and comply with the laws and regulations governing cannabis, hemp or related products, and the timing and costs of the development of these new product lines; the Company's ability to manage operating expenses and generate sufficient cash flow from operations; the Company's ability to create and maintain brand name recognition and acceptance of its products; the Company's ability to adapt and execute its marketing strategies; the Company's ability to compete successfully against much larger, well-funded, established companies currently operating in the beverage industry generally and in the craft beverage segment specifically; the Company's ability to respond to changes in the consumer beverage marketplace, including potential reduced consumer demand due to health concerns (including obesity) and legislative initiatives against sweetened beverages (including the imposition of taxes); its ability to develop and launch new products and to maintain brand image and product quality; the Company's ability to maintain and expand distribution arrangements with distributors, independent accounts, retailers or national retail accounts; its ability to manage inventory levels and maintain relationships with manufacturers of its products; its ability to maintain a consistent and cost-effective supply of raw materials and flavors and to manage factors affecting its supply chain; its ability to attract, retain and motivate key personnel; its ability to protect its intellectual property; the impact of future litigation and the Company's ability to comply with applicable regulations; its ability to maintain an effective information technology infrastructure, fluctuations in freight and fuel costs; the impact of currency rate fluctuations; its ability to access the capital markets for any future equity financing; the Company's ability to maintain disclosure controls and procedures and internal control over financial reporting; dilutive and other adverse effects from future potential securities issuances; and any actual or perceived limitations by being traded on the OTCQB Marketplace. More information about factors that potentially could affect the Company's operations or financial results is included in its most recent annual report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission ("SEC") on April 1, 2024 and in the other reports filed with the SEC since that that date. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as to the date of this release. Except as required by law, the Company undertakes no obligation to update any forward-looking or other statements in this press release, whether as a result of new information, future events or otherwise. June 30, 2025 December 31, 2024 ASSETS Current assets: Cash $ 650 $ 1,275 Accounts receivable, net of allowance of $31 and $77, respectively 2,782 1,858 Current note receivable 886 - Current licensing fees receivable 150 - Inventories, net 3,271 3,364 Prefunded insurance premiums from financing 111 199 Prepaid expenses and other current assets 1,370 614 Current assets of discontinued operations - 1,070 Total current assets 9,220 8,380 Long-term note receivable 1,096 - Long-term licensing fees receivable 1,551 - Fixed assets, net of accumulated depreciation of $452 and $422, respectively 74 108 Non-current assets of discontinued operations - 35 Total assets $ 11,941 $ 8,523 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 4,686 $ 3,279 Accrued expenses 1,629 2,464 Revolving credit facility 916 291 Insurance premium financing 58 199 Promissory notes 313 - Current liabilities of discontinued operations - 134 Total current liabilities 7,602 6,367 Total liabilities 7,602 6,367 Commitments and contingencies (Note 11) Shareholders' equity: Common stock, no par value: Authorized — 800,000,000 issued and outstanding shares — 116,567,152 shares and 115,867,659 shares, respectively 95,221 94,883 Common stock, no par value Authorized — 800,000,000 issued and oustanding shares —116,564,720 shares and 115,865,227 shares,respectively 95,221 94,883 Accumulated other comprehensive income 308 222 Accumulated deficit (91,190) (92,949) Total shareholders' equity 4,339 2,156 Total liabilities and shareholders' equity $ 11,941 $ 8,523 JONES SODA CO. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except share and per share data) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net Revenue $ 4,894 $ 6,659 $ 9,124 $ 11,240 Cost of goods sold (3,266) (4,396) (6,101) (7,363) Gross profit 1,628 2,263 3,023 3,877 Operating expenses: Selling and marketing 1,060 1,685 2,173 3,109 General and administrative 1,328 2,289 2,531 3,757 Total operating expenses (2,388) (3,974) (4,704) (6,866) Loss from operations (760) (1,711) (1,681) (2,989) Other income (expenses): Interest income 5 - 6 6 Interest expense (70) 1 (148) (7) Other (expense) income, net (179) 24 (273) 18 Gain on disposition of subsidiaries 3,663 - 3,663 - Total other income 3,419 25 3,248 17 Income (loss) before income taxes 2,659 (1,686) 1,567 (2,972) Income tax expense, net (7) (11) (7) (21) Net income (loss) from continuing operations 2,652 (1,697) 1,560 (2,993) Loss (income) from discontinued operations (41) 129 199 273 Net income (loss) $ 2,611 $ (1,568) $ 1,759 $ (2,720) Earning (loss) per share – basic and diluted Income (loss) from continuing operations $ 0.02 $ (0.02) $ 0.01 $ (0.03) Income from discontinued operations $ 0.00 $ 0.00 $ 0.01 $ 0.00 Total $ 0.02 $ (0.02) $ 0.02 $ (0.03) Weighted average common shares outstanding - basic and diluted 116,180,383 102,256,899 116,023,676 101,867,317 JONES SODA CO. NON-GAAP RECONCILIATION (Unaudited, in thousands) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 GAAP net income (loss) from continuing operations 2,652 (1,697) 1,560 (2,993) Stock-based compensation 287 619 Finance costs 70 (1) 148 7 Depreciation 30 27 Income tax expenses 7 11 7 21 Gain on disposition of subsidiaries (3,663) - (3,663) - Others 179 (24) 273 (18) Non-GAAP Adjusted EBITDA (542) (1,238) (1,358) (2,337) SOURCE Jones Soda Co.
