Jones Soda Co. (JSDA) has released an update.
Jones Soda Co. experienced a slight decline in fourth quarter revenue for 2023, dropping to $3.5 million from $3.7 million, but saw an improvement in net loss, which was $1.5 million, better than the previous year’s $1.6 million. The full year also showed progress with a reduced net loss of $4.9 million compared to $6.4 million, despite a decrease in annual revenue from $19.1 million to $16.7 million. The company is poised for future growth with new initiatives in its Mary Jones cannabis business, a food service division, Canadian market expansion, and the upcoming launch of Spiked Jones.
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