Want to see JSDA full AI Analyst Report?
Top Page
Jones Soda
(OTC:JSDA)
Select Model
Select Model
Rating:51Neutral
Price Target:
$0.30
▼(-2.58% Downside)
Action:Reiterated
Date:08/20/26
The score is held back primarily by weak financial fundamentals—ongoing losses, negative operating/free cash flow, and higher leverage on a thin equity base. Offsetting this, the latest earnings call was constructive with raised revenue growth guidance and a path to positive adjusted EBITDA, while technicals suggest only modest/neutral momentum and valuation is difficult to anchor due to negative earnings and no dividend.
Positive Factors
Accelerating Revenue Growth
Rapid revenue expansion indicates stronger product demand and distribution penetration. The raised annual target, supported by substantial first-half growth, could improve operating leverage if the company sustains execution across retail, foodservice and direct channels.
Negative Factors
Persistent Unprofitability and Cash Burn
Jones Soda remains dependent on future growth to reach sustainable profitability. Negative operating and free cash flow limit internally funded investment, increase reliance on financing and leave less flexibility if the growth plan or margin recovery falters.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue Growth
Rapid revenue expansion indicates stronger product demand and distribution penetration. The raised annual target, supported by substantial first-half growth, could improve operating leverage if the company sustains execution across retail, foodservice and direct channels.
Read all positive factors
Jones Soda (JSDA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$37.78M
Dividend YieldN/A
Average Volume (3M)89.02K
Price to Earnings (P/E)―
Beta (1Y)0.63
Revenue Growth135.01%
EPS Growth27.46%
CountryUS
Employees27
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)-0.03
Shares Outstanding125,926,970
10 Day Avg. Volume95,182
30 Day Avg. Volume89,016
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)22.55
Price to Sales (P/S)1.31
P/FCF Ratio-19.24
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Jones Soda Business Overview & Revenue Model
Company Description
Jones Soda Co., along with its subsidiaries, is engaged in the creation, production, marketing, and distribution of beverages, primarily serving markets in the United States, Canada, and other international regions. The company's product lineup fe...
How the Company Makes Money
Jones Soda primarily makes money by selling its branded beverages to customers across retail and foodservice distribution channels. Revenue is generated from product sales (e.g., cases or units of Jones-branded beverages) that are sold either dire...
Jones Soda Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
Overall the call conveys a positive and improving operating trajectory: the company reported very strong top-line growth, meaningful H1 gross profit and operational improvements, introduced full-year guidance for positive adjusted EBITDA, and secured financing and freight-cost reductions to support margin recovery. Headwinds include Q2 gross margin compression driven by freight/fuel, a Q2 net loss, regulatory-driven collapse in HD9 sales, and execution/timing risks (shipment timing and 3PL transition). On balance, the highlights—substantial revenue expansion, improving adjusted EBITDA trends, improved working capital, and scalable collaboration/D2C momentum—outweigh the lowlights.Positive Updates
Record Revenue Growth
Q2 revenue of $10.2M, up ~108% year-over-year (from $4.9M); 6-month revenue $22.6M, up 148% YoY. Management increased full-year revenue growth expectation from 60% to approximately 80%.
Negative Updates
Gross Margin Compression
Q2 gross margin declined to 27.5% from 33.3% year-over-year, a decrease of ~580 basis points, primarily driven by higher freight/fuel charges which pressured quarterly profitability.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Revenue Growth
Q2 revenue of $10.2M, up ~108% year-over-year (from $4.9M); 6-month revenue $22.6M, up 148% YoY. Management increased full-year revenue growth expectation from 60% to approximately 80%.
Read all positive updates
Company Guidance
The company raised its full‑year fiscal 2026 revenue growth target from 60% to approximately 80% and introduced full‑year adjusted EBITDA guidance, expecting to deliver positive adjusted EBITDA for 2026; management said roughly $2.0 million of shipments shifted from Q2 into July (already shipped) — which at the Q2 gross margin of 27.5% would have added about $550k to adjusted EBITDA — and expects Q3 to be “one of the strongest quarters” in company history. Key underlying metrics supporting the guidance: Q2 revenue of $10.2M (↑108% YoY from $4.9M), six‑month revenue of $22.6M (↑148% YoY), six‑month gross profit $6.7M (↑123% YoY) and six‑month adjusted EBITDA of +$0.2M (vs. -$1.7M prior year); Q2 adjusted EBITDA loss was $312k (vs. -$739k prior). Management expects gross margin to rebound into the 30% range in H2 as freight savings from an RFP (trade‑lane reductions of ~10–36% in June/July; Midwest 35%, Northeast 36%) flow through (with the caveat crude at ~$80/WTI), and noted liquidity of $2.4M cash at June 30 plus ~ $1.9M gross from subsequent private placements and a $10M credit facility; they also flagged that an uplist would likely require $10–15M of capital and that the Rap Snacks collaboration is expected to begin contributing revenue in fiscal 2027 (targeting a Q1–Q2 2027 launch).Jones Soda Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
34
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.40M | 25.30M | 19.16M | 16.67M | 19.09M | 14.79M |
| Gross Profit | 10.11M | 6.76M | 4.08M | 4.86M | 5.14M | 4.40M |
| EBITDA | -3.03M | -1.05M | -9.80M | -4.76M | -5.58M | -1.39M |
| Net Income | -4.07M | -1.78M | -9.89M | -4.85M | -6.40M | -1.81M |
Balance Sheet | ||||||
| Total Assets | 13.73M | 15.23M | 8.52M | 9.91M | 15.10M | 10.25M |
| Cash, Cash Equivalents and Short-Term Investments | 2.35M | 3.60M | 1.53M | 3.87M | 7.97M | 4.67M |
| Total Debt | 3.72M | 3.43M | 490.00K | 357.00K | 612.00K | 2.78M |
| Total Liabilities | 12.51M | 13.76M | 6.37M | 2.36M | 3.33M | 5.63M |
| Stockholders Equity | 1.22M | 1.47M | 2.16M | 7.55M | 11.77M | 4.62M |
Cash Flow | ||||||
| Free Cash Flow | -2.02M | -1.72M | -5.92M | -3.89M | -5.99M | -2.56M |
| Operating Cash Flow | -1.53M | -1.26M | -5.89M | -3.82M | -5.96M | -2.53M |
| Investing Cash Flow | 1.34M | 441.00K | -27.00K | -73.00K | 100.00K | -31.00K |
| Financing Cash Flow | 1.91M | 2.50M | 3.67M | -246.00K | 9.21M | 2.61M |
Jones Soda Technical Analysis
Neutral
0.31
Price Trends
0.30
Positive
0.29
Positive
0.27
Positive
Market Momentum
<0.01
Positive
46.95
Neutral
43.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JSDA, the sentiment is Neutral. The current price of 0.31 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.30, and above the 200-day MA of 0.27, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.95 is Neutral, neither overbought nor oversold. The STOCH value of 43.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JSDA.
Jones Soda Risk Analysis
Jones Soda disclosed 11 risk factors in its most recent earnings report. Jones Soda reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Jones Soda Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $3.74B | 33.05 | 31.09% | ― | 26.10% | 69.15% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | $102.10M | -9.68 | -19.05% | ― | 7.22% | 42.48% | |
51 Neutral | $37.78M | -8.85 | -207.46% | ― | 135.01% | 27.46% | |
51 Neutral | $444.64M | -3.49 | -3133.06% | ― | 11.40% | 36.08% | |
44 Neutral | $20.06M | -5.46 | -148.74% | ― | 82.08% | -12.26% | |
43 Neutral | $8.24M | -0.06 | -155.04% | ― | 2362.36% | -27.64% |
* Consumer Defensive Sector Average
JSDA
Jones Soda
0.31
0.13
73.03%
BRFH
Barfresh Food Group
1.24
-1.76
-58.67%
BNKK
Bonk
1.17
-15.68
-93.06%
OTLY
Oatly Group
14.50
-3.29
-18.49%
ZVIA
Zevia PBC
1.29
-1.79
-58.12%
COCO
Vita Coco Company
63.35
26.62
72.47%
Jones Soda Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Jones Soda Raises Capital Through Private Placement Financing
Positive
Jul 10, 2026
On July 7, 2026, Jones Soda Co. closed a private placement of 7,500,000 units at $0.33 per unit, raising gross proceeds of about $2.5 million, with each unit consisting of one common share and one-half of a share purchase warrant. The units were s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.