Quarterly ResultMay 14, 2026, 04:07 PM
Jones Soda Q1 Revenue $12.43M, Swings to Net Income $0.12M
AI Summary
Jones Soda Co. reported a significant financial turnaround in the first quarter of 2026, with net revenue surging to $12.43 million and the company swinging to a net income of $0.12 million from a loss in the prior year. The company also saw a substantial improvement in its operating income and cash flow from continuing operations. Management believes its current cash, projected sales, and a $10 million credit facility are sufficient to fund operations for at least 12 months, addressing historical going concern doubts.
Key Highlights
- Net Revenue increased to $12.43 million in Q1 2026 from $4.23 million in Q1 2025.
- Swung to a Net Income of $0.12 million in Q1 2026, compared to a net loss of $(0.85) million in Q1 2025.
- Income from Operations was $0.35 million in Q1 2026, a significant improvement from a loss of $(0.92) million in Q1 2025.
- Basic Earnings Per Share (EPS) was $0.00 in Q1 2026, up from $(0.01) in Q1 2025.
- Cash increased to $4.44 million as of March 31, 2026, from $3.60 million at December 31, 2025.
- Working capital deficiency improved to $0.2 million as of March 31, 2026, from $0.5 million at December 31, 2025.
- Net cash used in continuing operating activities decreased to $(0.85) million in Q1 2026 from $(1.87) million in Q1 2025.
- Investing activities provided $1.38 million cash in Q1 2026, primarily from selling a $2.0 million promissory note for $1.4 million.