Jones Soda Co. announced its financial results for the second quarter ended June 30, 2025, reporting a net income of $2.6 million, or $0.02 per share. This marks a significant turnaround from a net loss of $1.6 million, or $(0.02) per share, in Q2 2024.
The positive net income was primarily driven by a $3.663 million gain on the sale of its cannabis business, which was completed on June 19, 2025. This strategic divestiture streamlined operations and sharpened the company's focus on its core beverage business.
Revenue for the second quarter was $4.9 million, a decrease from $6.7 million in the prior year period. This decline was mainly attributed to a large one-time pipeline fill in Q2 2024 that did not repeat, though partially offset by growth in direct-to-consumer, food service, convenience stores, and HD9 products.
Adjusted EBITDA improved by 56% to $(0.5) million, compared to $(1.2) million in Q2 2024, reflecting continued cost management and supply chain optimization efforts. Total operating expenses decreased to $2.4 million from $4.0 million in the year-ago period.
Sales of HD9 products contributed $0.8 million in revenue, an increase from $0.6 million in Q2 2024, demonstrating continued growth in this key segment. As of June 30, 2025, cash stood at $0.65 million, with the company emphasizing its disciplined cost structure and focus on driving top-line growth across its main categories.
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