Jones Soda Co. ( (JSDA) ) has released its Q1 earnings. Here is a breakdown of the information Jones Soda Co. presented to its investors.
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Jones Soda Co., a leading craft soda manufacturer with a focus on both traditional and cannabis-infused beverages, has released its financial results for the first quarter of 2025. The Seattle-based company is known for its premium craft sodas and cannabis products under the Mary Jones brand, distributed across North America.
In the first quarter of 2025, Jones Soda reported a revenue of $4.6 million, slightly down from $5.0 million in the same period last year. Despite this decline, the company managed to reduce its net loss to $0.9 million from $1.2 million, thanks to effective cost management strategies. The company’s adjusted EBITDA improved by 39% due to reduced operating expenses.
Key highlights from the quarter include the hiring of new executives, Scott Harvey as CEO and Brian Meadows as CFO, and the securing of a $5 million credit facility to support growth initiatives. The company also launched Jones Zero Cola in over 10,000 stores and expanded its cannabis segment into Missouri, marking its entry into a significant legal cannabis market.
Looking ahead, Jones Soda’s management remains optimistic about the company’s strategic turnaround. With a focus on operational efficiency and expansion into high-growth opportunities, the company aims to scale its business while maintaining its brand identity. The leadership team is committed to executing a strategic plan that balances growth with disciplined cost management.