Latest news with #JonesSoda
Cision Canada
15-05-2025
- Business
- Cision Canada
Jones Soda Reports First Quarter 2025 Results
SEATTLE, May 15, 2025 /CNW/ - Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA) ("Jones Soda" or the "Company"), today announced its financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Summary vs. Year-Ago Quarter Revenue was $4.6 million compared to $5.0 million. The Company also generated $0.4 million in revenue from the Cannabis (THC) segment, consistent with approximately $0.4 million in the first quarter of 2024 Net loss decreased to $0.9 million, or $(0.01) per share, compared to a net loss of $1.2 million, or $(0.01) per share. Adjusted EBITDA 1 improved 39% to $(0.6) million compared to $(1.0) million. This was primarily due to a reduction in selling, general, and administrative expenses associated with the new cost management strategies implemented by management and was partially offset by the decline in revenue. _____________________________________________________ 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). First Quarter 2025 and Recent Activity Update Corporate Announced the hiring of proven business executives Scott Harvey and Brian Meadows to serve as the Company's new Chief Executive Officer and Chief Financial Officer, respectively. Secured a $5 million revolving credit facility in February 2025 to support strategic initiatives for expansion and sales growth. Reduced both selling and marketing and general and administrative expenses by 20%, with no apparent productivity dilution, a testament to new management's dedication to operational rigor. Beverages Segment Announced in April that Pop Jones, is now featured in Modern Beverage POGs across over 1500 national and regional chain stores. Launched Jones Zero Cola in March across 10,000+ national and regional grocery stores, with plans to introduce additional zero-calorie flavors, including Jones Zero Root Beer and Zero Dr. Jones, later in 2025. Development of a strategic plan that calls for an increased focus on HD9 product opportunities and a review of the strategic alternatives for the Company's Cannabis THC business. HD9 sales were $0.9 million representing our fourth consecutive quarter of HD9 sales expansion. Cannabis (THC) Segment Expanded to Missouri, the country's fifth largest legal cannabis market, through a manufacturing and distribution partnership with Kansas City-based CLOVR. Management Commentary "The first quarter of 2025 was the beginning of the strategic turnaround for Jones, and we are off to a good start" said Scott Harvey, CEO of Jones Soda. "Since stepping into leadership in February, we've moved quickly to implement meaningful improvements across key areas of the business. We optimized our supply chain operations, tightened P&L oversight, and instilled disciplined cost management measures which have already begun to yield significant results. These early actions reflect our commitment to operational rigor and set the stage for continued momentum in the quarters ahead. "We remain focused on executing our strategic plan with clear, measurable goals to scale the business while preserving the beloved Jones brand and image. We have leaned into unlocking more efficiencies across our three main categories – Core Soda, Modern Soda, and Adult Beverage - through investing in high-growth opportunities and managing our cost structure with disciplined, ROI-driven decisions. These initiatives represent a commitment to rebuilding sound economic discipline, ensuring SG&A and other costs don't undermine our expansion. With strong industry momentum and the right team in place, the future is bright for Jones." First Quarter 2025 Financial Results Revenue in the first quarter of 2025 was $4.6 million compared to $5.0 million in the prior year period. The decline in revenue was primarily attributable to a large one-time pipeline fill in the first quarter of 2024. The Company's beverages segment, which includes craft soda, HD9, Pop Jones and Fiesta Jones brands, generated approximately $4.2 million in revenue in the first quarter of 2025 compared to approximately $4.6 million in revenue in the first quarter of 2024, including $0.9 million from sales of its HD9 products in the first quarter of 2025. The Company's Cannabis (THC) segment, which includes Mary Jones branded cannabis products, generated approximately $380,000 in revenue in the first quarter of 2025 compared to approximately $410,000 in revenue in the first quarter of 2024. Gross profit for the first quarter of 2025 was $1.7 million compared to $1.9 million in the year-ago period. The decline was primarily driven by the lower sales revenue. Total operating expenses in the first quarter of 2025 were $2.4 million compared to $3.0 million in the year-ago period. The decrease was primarily a result of the rigorous cost management and supply chain optimization efforts by new management in their first months. Net loss decreased to $0.9 million, or $(0.01) per share, compared to a net loss of $1.2 million, or $(0.01) per share. The decrease in net loss was primarily driven by the decline in selling, general, and administrative expenses and were partially offset by the decrease in revenue. Adjusted EBITDA 2 improved 39% to $(0.6) million in the first quarter of 2025 compared to $(1.0) million in the prior period. ______________________________ 2 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). Conference Call Jones Soda will hold a conference call today at 4:30 p.m. Eastern time to discuss its results for the first quarter ended March 31, 2025. Chief Executive Officer Scott Harvey and Chief Financial Officer Brian Meadows will host the conference call. Date: Thursday, May 15, 2025 Time: 9:00 a.m. Eastern time (6:00 a.m. Pacific time) Toll-free dial-in number: 1-877-407-0784 International dial-in number: 1-201-689-8560 Conference ID: 13752687 Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference 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 replay of the conference call will be available after 11:30 a.m. Eastern time on the same day through April 15, 2025. Toll-free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 13752687 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.
Cision Canada
13-05-2025
- Business
- Cision Canada
Jones Soda Teams with Crayola on Multi-Pack Featuring Returning Crayon Colors
Back-to-School Release Will Celebrate Crayola's Limited-Time Return of Retired Crayon Collection SEATTLE, May 13, 2025 /CNW/ - Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA) today announced a strategic agreement with Crayola to create a special co-branded pack using Jones' vibrantly colored craft sodas to showcase Crayola's recently announced limited-time return of select retired crayon colors. The 12-pack will be sold in a package resembling the Crayola box, contain two each of six pure-cane-sugar Jones flavors, include a box of crayons, and be released in time for back-to-school sales. Each flavor in the limited-edition collection will carry a custom label naming both the Jones flavor and the corresponding Crayola crayon color, including Jones' popular Berry Lemonade (Blizzard Blue), Pineapple Cream (Dandelion), Green Apple (Magic Mint), Grape (Violet Blue), Strawberry Lime (Mulberry) and Orange & Cream (Orange Red). The accompanying crayon box will include all eight colors featured in the limited-edition campaign, adding Raw Umber and Lemon Yellow. The Jones Soda + Crayola collaboration was inspired by Crayola's bringing a collection of nostalgic, fan-favorite crayon colors out of retirement for a limited time—a first in the company's 122-year history. The year-long "unretirement" was launched in March on International Colour Day with a free public event bringing all eight returning colors to life with their crayon personas hosting creative activities in globally themed interactive spaces. The joint promotion is the latest in a series of strategic partnerships that Jones has established with consumer goods companies, film studios, nonprofits and other businesses to increase brand visibility, open new sales channels and drive incremental growth. The Crayola partnership also will introduce a new generation to Jones products and potentially bring Jones to new retail shelves, including back-to-school aisles. "As soon as we learned about Crayola's initiative, we knew that Jones was a perfect match. We had the soda colors to match their limited edition unretired crayons, the creative flavors and fun brand personality to fit the campaign, and a commitment to using strategic partnerships to help expand our customer base," said Jones Soda CEO Scott Harvey. "With the novelty of this promotion, the appeal of the oversized Crayola-style package, and Crayola's distribution channels and universal appeal, we expect this to be our most successful collaboration yet." "This year, Crayola is celebrating creativity through color and the deeply personal role it plays in connecting us to the past and inspiring us anew," said Crayola Chief Marketing Officer Victoria Lozano. "This campaign represents one of our most comprehensive celebrations of color and creativity. It spans product innovation, experiential marketing, partnerships, digital engagement and retail activation. Our collaboration with Jones Soda is an unexpected, playful way to create a highly collectible product that resonates with both brands' audiences. It reminds consumers to live colorfully, celebrate their individuality, and infuse creativity into their day in another unique way." Crayola's Limited Edition retired color collection will be available in an assortment of products including crayons, markers and colored pencil packs, activity kits and themed coloring books. All Crayola products will be available throughout 2025 at most national retailers. Parents, teachers and children can also expect additional Limited-Edition Collection "surprises" throughout the year, especially during key seasonal moments such as back-to-school and holiday.
Yahoo
12-05-2025
- Business
- Yahoo
Jones Soda Sets First Quarter 2025 Conference Call for Thursday, May 15, 2025, at 4:30 p.m. ET
SEATTLE, May 12, 2025 (GLOBE NEWSWIRE) -- Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) ('Jones Soda' or the 'Company'), today announced it will hold a conference call on Thursday, May 15, 2025, at 4:30 p.m. Eastern time to discuss its financial and operational results for the first quarter ended March 31, 2025. The financial results will be reported in a press release prior to the conference call. Chief Executive Officer Scott Harvey and Chief Financial Officer Brian Meadows will host the conference call, followed by a question-and-answer period. Investors and analysts are encouraged to submit questions they would like management to address during the discussion via email to JSDA@ by Wednesday, May 14, 2025, at 5:00 p.m. Eastern time. During the question-and-answer period, management will respond to the appropriate and common themes submitted online. Date: Thursday, May 15, 2025Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)Toll-free dial-in number: 1-877-407-0784International dial-in number: 1-201-689-8560Conference ID: 13753797 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 7:30 p.m. Eastern time on the same day through May 29, 2025. Toll-free replay number: 1-844-512-2921International replay number: 1-412-317-6671Replay ID: 13753797 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 Company Contact:Brian MeadowsChief Financial Officer1-206-624-3357 Investor Relations Contact:Scott LioliosGateway Group, Inc.1-949-574-3860JSDA@
Yahoo
19-02-2025
- Business
- Yahoo
Jones Soda Named Official Soda of World Pizza Champions
Partnership Aligns Jones with Influential Nonprofit Linked to Hundreds of Pizza Restaurants SEATTLE, Feb. 19, 2025 /PRNewswire/ -- Jones Soda Co. (CSE: JSDA, OTCQB: JSDA), the original craft soda known for its bold flavors and edgy brand personality, today announced that it has been named the official soda of World Pizza Champions, a nonprofit organization of elite pizza professionals with ties to hundreds of topnotch pizzerias. The partnership opens new opportunities for expanding Jones' presence in the foodservice channel as well as for broadening the brand's fan base through visibility during World Pizza Champions' competitions, community events and charitable projects. The relationship aligns Jones with world-class pizzaiolos who can influence the beverage choices at their own restaurants as well as those of their colleagues, potentially adding hundreds of new distribution points for Jones legacy sodas and other products. As a World Pizza Champions sponsor, Jones also will be featured at the organization's booth and World Pizza Games competition at the International Pizza Expo in Las Vegas in March; the Jones logo will be displayed on team members' chef jackets at all events; and Jones will have the opportunity to collaborate on the group's initiatives benefiting causes such as Parkinson's disease and critical childhood illnesses. "This partnership is an ideal springboard for building new connections in the food and beverage community as we focus on expanding both our products and our strategies for driving profitable growth," said Jones Soda CEO Scott Harvey. "It's also a major vote of confidence in the quality of Jones products from an organization that is 100% dedicated to excellence in the art of pizza making." "Our cofounder Tony Gemignani has a mantra that says 'respect the craft.' Jones Soda clearly shares that philosophy in its own business, and that makes this relationship a natural fit," said Nick Bogacz, President of World Pizza Champions. "This is our first partnership with a soda brand, and we believe it will deliver significant benefits on both sides." About Jones Soda Jones Soda Co.® (CSE: JSDA, OTCQB: JSDA) is a leading developer of sodas and hemp-infused beverages known for their premium taste, unique flavors, and unconventional brand personality. Launched in 1996 as the original craft soda brand, the Company today markets a diverse portfolio of sodas, mixers, spiked soda, and wellness beverages under the Jones® Soda brand as well as a line of award-winning hemp beverages and edibles leveraging Jones' trademark flavors under the Mary Jones brand. For more information, visit or About World Pizza ChampionsWorld Pizza Champions is a U.S.-based nonprofit multinational group comprised of elite pizza professionals. Team members are selected on an invitation-only basis from among world champion competitors and acclaimed industry leaders, based on skill, character, compatibility and selfless efforts on behalf of the industry. Through international competition, educational outreach, public demonstrations and community-based service, the team is dedicated to promoting pizza making as a respected craft and viable career choice. For more information, visit View original content to download multimedia: SOURCE Jones Soda Sign in to access your portfolio
