Jones Soda Co. Earnings: Revenue Grows After Two Straight Quarters of Declines
Jones Soda Co. (NASDAQ:JSDA) reported its results for the fourth quarter. Jones Soda 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 Fourth Quarter
Results: Loss widened to $2 million (6 cents per diluted share) from $1.8 million (loss of 6 cents per share) in the same quarter a year earlier.
Revenue: Rose 9% to $3.4 million from the year-earlier quarter.
Quoting Management: “The past year was a very busy and productive period for Jones Soda,” commented William Meissner, Jones Soda Chief Executive Officer. “Our strategy of shedding underperforming product lines and brand extensions, and exiting expensive, unproductive sponsorship agreements, has allowed us to reposition our resources behind growing our core business. The initial results from our efforts can be witnessed in the performance of our Jones Soda and WhoopAss Energy Drink, which combined, generated sales gains of 13% and 10% in the fourth quarter and full year, respectively.”
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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