Jones Soda (OTCMKTS:JSDA) Posts Quarterly Earnings Results

Jones Soda (OTCMKTS:JSDA) announced its quarterly earnings data on Tuesday. The company reported ($0.02) EPS for the quarter, Zacks reports. The business had revenue of $11.68 million during the quarter. Jones Soda had a negative net margin of 25.11% and a negative return on equity of 100.76%.

Here are the key takeaways from Jones Soda’s conference call:

• Jones Soda reported a record fourth quarter of $11.7 million and full-year revenue of $25.3 million (up 42% year-over-year), driven largely by Fallout-licensed products in the club channel and DTC sales.
• The company improved margins and cost discipline—adjusted gross margin rose to 32%, SG&A was cut ~14% (20% excluding licensing/broker effects), Q4 adjusted EBITDA was +$0.5M, and year-end liquidity strengthened to $3.6M cash plus a $10M revolver (‑$3M drawn).
• Management recorded a $1.2M one-time inventory write‑down tied to the HD9 hemp business after federal legislative changes, and said HD9 is not expected to be a material growth driver in 2026 amid ongoing regulatory uncertainty.
• Outlook is aggressive: the company expects Q1 2026 revenues to exceed $12M and projects full‑year 2026 revenue growth of more than 60% versus 2025, though guidance is subject to the usual forward‑looking risks.
• Strategic initiatives include expanding IP partnerships (Fallout, Crayola, Folds of Honor), a D2C relaunch with membership/subscription plans, supply‑chain and digital system upgrades, and a planned reformulation/regional relaunch of Spiked Jones at 4–5% ABV.

Jones Soda Stock Down 10.5%

Shares of OTCMKTS JSDA traded down $0.03 during trading on Thursday, hitting $0.27. 1,950 shares of the company traded hands, compared to its average volume of 168,052. Jones Soda has a 1 year low of $0.16 and a 1 year high of $0.40. The company has a 50-day moving average price of $0.29 and a 200-day moving average price of $0.24. The firm has a market capitalization of $31.33 million, a P/E ratio of -13.52 and a beta of 1.61.

About Jones Soda

Jones Soda Co is a Seattle-based beverage company known for its craft sodas featuring unconventional flavors and personalized label artwork. Founded in 1995, the company produces a variety of carbonated soft drinks, including its signature Tomato, Creamy Red & Black, and Blue Bubblegum flavors, alongside diet and zero-sugar alternatives. In addition to traditional soda offerings, Jones Soda has expanded its portfolio to include energy drinks, sparkling waters and limited-edition seasonal flavors that cater to niche consumer preferences.

Beyond its core product lineup, Jones Soda operates a direct-to-consumer ecommerce platform that allows customers to create custom photo labels for special occasions and corporate events.