Jones Soda Q3 Revenue Surges 196% to $13.3 Million
Jones Soda reports preliminary Q3 net revenue of $13.3 million, a 196% year-over-year jump, with nine-month revenue up 164% to $36 million.
Jones Soda Co. posted preliminary unaudited third-quarter net revenue of $13.3 million, a near-tripling compared with the same period a year earlier, the Seattle-based beverage maker announced Tuesday. The roughly 196% year-over-year gain signals a sharp acceleration in the company's top-line growth trajectory.
For the first nine months of the fiscal year, Jones Soda reported preliminary net revenue of approximately $36.0 million, representing a 164% increase over the comparable prior-year period. The sustained multi-quarter momentum suggests the revenue surge is not limited to a single reporting period.
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Jones Soda trades on the Canadian Securities Exchange and the OTCQB market under the ticker symbol JSDA. The figures released are preliminary and unaudited, meaning final results could differ when the company completes its standard financial review process.
The outsized growth rate draws attention to what has driven the turnaround for a brand that built its identity on craft-style, consumer-customized sodas. Analysts and investors will be watching for the full quarterly filing to assess margins, operating expenses, and whether the revenue expansion translates into improved profitability.
Continue reading at Earnings.
