Jones Soda Posts C$0.01 Q2 Loss Per Share Amid Going Concern Warning
JSDA has more than doubled off its 52-week low of $0.158 on light trading volume (0.2× avg).
Summary
Jones Soda reported a Q2 loss of C$0.01 per share, the first EPS figure disclosed for the quarter. Revenue doubled to $10.2M on Fallout products, but cash fell to $2.4M with a going concern warning. The company expects FY net revenue to increase at least 80% over fiscal 2025 and to generate positive adjusted EBITDA for the full year. It also raised its outlook and expects a strong Q3. Jones Soda recently raised ~$1.9M in private placements and filed for a Nasdaq uplisting, but survival remains uncertain.
At the time of this announcement, JSDA was trading at $0.32 on OTC in the Trade & Services sector, with a market capitalization of approximately $39.9M. The 52-week trading range was $0.16 to $0.40. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.