Q2 2025 Jones Soda Co Earnings Call Transcript
Key Points
- Jones Soda Co (JSDA) successfully completed the divestiture of its cannabis business, generating $3 million in proceeds, allowing the company to focus on its core beverage operations.
- The company signed five new distributors and expanded its presence into an additional 829 convenience channels, indicating strong distribution growth.
- Jones Soda Co (JSDA) reported strong traction and growth in its core Zero sodas and HD9 THC zero-sugar products, showing effective market adaptation.
- The company maintained similar gross profit margins despite a decrease in revenue, thanks to cost reduction efforts.
- Jones Soda Co (JSDA) achieved a net income of $2.6 million in the quarter, a significant improvement from a net loss of $1.6 million in the previous year, driven by the gain on the sale of its cannabis business and reduced operating costs.
- Net revenue for the second quarter was $4.9 million, down from $6.7 million in the same period last year, primarily due to a onetime pipeline fill in 2024 and the loss of a discount market customer.
- The company faced a temporary sales impact in Q2 due to an HD9 THC supply issue, although this has been resolved.
- Gross profit as a percentage of revenue slightly decreased to 33.3% from 34.3% in the prior year period.
- Adjusted EBITDA remained negative at $571,000, although it showed a 48% improvement from the previous period.
- The company had only $0.7 million in cash as of June 30, 2025, indicating limited liquidity, although it has ample capacity under its credit line for additional needs.
Good morning, everyone, and thank you for participating in today's conference call to discuss Jones Soda financial Results for the second quarter ended June 30, 2025. Before we begin, let me remind everybody of the company's safe harbor disclaimer.
Certain portions of our comments today will concern future expectations, plans, prospects of the company that will constitute forward-looking statements for the purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements containing verbs such as aims, anticipates, estimates, expects, believes, intends, plans, predicts, will, may, continue, projects or targets and negatives of these words and similar words or expressions.
Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements. Factors that could affect our actual results include, among others, those that are discussed under the heading of the Risk Factors in our most recently filed
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