Jones Soda Co. announced its financial results for the first quarter ended March 31, 2025. The company reported revenue of $4.6 million, a decrease from $5.0 million in the prior year period, primarily due to a large one-time pipeline fill in Q1 2024 that did not repeat.
Despite the revenue dip, Jones Soda significantly narrowed its net loss to $0.9 million, or $(0.01) per share, compared to a net loss of $1.2 million, or $(0.01) per share, in Q1 2024. Adjusted EBITDA improved by 39% to $(0.6) million from $(1.0) million in the prior period.
The improvement in net loss and Adjusted EBITDA was primarily driven by rigorous cost management and supply chain optimization efforts implemented by the new management team. Total operating expenses decreased to $2.4 million from $3.0 million in the year-ago period.
Gross profit for the quarter was $1.7 million, down from $1.9 million, primarily due to the lower sales revenue. The beverages segment, including craft soda, HD9, Pop Jones, and Fiesta Jones brands, generated approximately $4.2 million in revenue, with HD9 products contributing $0.9 million.
As of March 31, 2025, cash stood at $0.7 million. Management emphasized its commitment to operational rigor and disciplined cost management, aiming to scale the business while preserving the brand and image, and focusing on high-growth opportunities.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.