Vending

Jones Soda lifts Q3 2021 sales, improves earnings

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November 5, 2021

Jones Soda Co. boosted Q3 2021 revenue 29% from $3.5 million in Q3 2020 to $4.6 million, primarily attributable to an increase in sales of Jones' core bottled soda products, according to an earnings report.

The company's net loss improved from $450,000 to $59,000 in the comparative quarters, while earnings per share improved from a 1-cent loss to zero.

Shares traded at 86 cents Thursday against a 52-week range of 13 cents to $1.54.

"We had another strong quarter as we experienced revenue growth across all channels and continued momentum in our core bottled soda business," Mark Murray, president and CEO, said in the press release. "National awareness of Jones continued to grow during the quarter as our marketing initiatives garnered significant interest from both consumers and the media.

"First, our augmented reality label series we launched this summer has been a great success. As a follow up, we just rolled out a new series that features Zoltar, the widely recognized fortune teller character. Second, the highly anticipated return of Turkey & Gravy as a special release flavor has generated a lot of buzz among fans and media across the U.S. and Canada."