Jones Soda ( (JSDA) ) has shared an update.
Jones Soda reported a challenging financial performance for the fourth quarter and full year 2024, with a notable decline in quarterly revenue and increased net losses. Despite these setbacks, the company achieved a 15% increase in annual revenue, driven by its beverages segment, particularly the hemp-derived HD9 products. Strategic initiatives included expanding distribution networks, launching new products, and securing a $5 million credit facility to support growth. The company also announced leadership changes and plans to focus on HD9 product opportunities while reviewing strategic alternatives for its Cannabis THC business.
More about Jones Soda
Jones Soda Co. operates in the beverage industry, primarily focusing on unique soda flavors and cannabis-infused products. The company is expanding its market presence with innovative products like hemp-derived HD9 sodas and has a strong distribution network across the United States and Canada.
YTD Price Performance: 22.94%
Average Trading Volume: 151,830
Technical Sentiment Signal: Strong Buy
Current Market Cap: $24.33M
Learn more about JSDA stock on TipRanks’ Stock Analysis page.