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Stock impact report

Jones Soda Reports Fourth Quarter and Full Year 2023 Results

JONES SODA CO (JSDA) 
US:NASDAQ Investor Relations: jonessoda.com/pages/investorrelations
Company Research Source: GlobeNewswire
SEATTLE, March 14, 2024 (GLOBE NEWSWIRE) -- Jones Soda Co. (CSE: JSDA, OTCQB: JSDA) (“Jones Soda” or the “Company”), a beverage innovation company focused on developing, marketing and distributing cutting edge consumer drink and wellness products and a leading brand in the cannabis infused beverage category space, announced its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Summary vs. Year-Ago Quarter Revenue was $3.5 million compared to $3.7 million. The fourth quarter of 2023 included approximately $438,000 in revenue from the Company’s Mary Jones cannabis business compared to approximately $239,000 in the fourth quarter of 2022.Gross profit as a percentage of revenue was 19.5% compared to 24.8%.Net loss improved to $1.5 million, or $(0.02) per share, compared to a net loss of $1.6 million, or $(0.02) per share.Adjusted EBITDA1 was $(1.4) million compared to $(1.3) million. Full Year 2023 Financial Summary vs. Pri Show less Read more
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