Jones Soda Co. Earnings Cheat Sheet: Loss Widens and Revenue Falls

Jones Soda Co. (NASDAQ:JSDA) reported its results for the second quarter. Jones Soda Co. develops, produces, markets and distributes a range of premium beverages and related products in the United States and Canada.

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Jones Soda Earnings Cheat Sheet for the Second Quarter

Results: Loss widened to $1.8 million (6 cents per diluted share) from $1.6 million (loss of 6 cents per share) in the same quarter a year earlier.

Revenue: Fell 8.5% to $4.9 million from the year earlier quarter.

Quoting Management: William Meissner, President & Chief Executive Officer, stated, “Our legacy Jones Soda business and our newly re-launched WhoopAss Energy Drink continued to capture share in our North American markets. Since my arrival, we have repositioned resources and made additional investments in personnel to support growth of these two product lines and we remain optimistic that this strategy will lead to improved top and bottom line performances for the full year. Longer-term, we are focused on leveraging our core competencies to develop and market exciting brand extensions to drive sustainable growth and profitability.”

Key Stats:

From the first quarter, the company’s current liabilities rose to $3.5 million from $2.2 million.

Revenue fell last quarter after seeing a rise the quarter before. Revenue dropped 5.1% to $4.1 million in the first quarter from the year earlier.

Competitors to Watch: National Beverage Corp. (NASDAQ:FIZZ), Hansen Natural Corporation (NASDAQ:HANS), Dr Pepper Snapple Group Inc. (NYSE:DPS), Reed’s, Inc. (NASDAQ:REED), PepsiCo, Inc. (NYSE:PEP), The Coca-Cola Company (NYSE:KO), Celsius Holdings, Inc. (NASDAQ:CELH), Coca-Cola Enterprises Inc. (NYSE:CCE), Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE), and Cott Corporation (NYSE:COT).

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(Source: Xignite Financials)