Jones Soda Preliminary Q3 Revenue Jumps 196% to $13.3M
JSDA sits 55% above its 52-week low of $0.158 on elevated volume (5.3× avg).
Summary
Jones Soda reported preliminary Q3 revenue of $13.3M, up about 196% year over year. That's a sharp acceleration from Q2's $10.2M, driven by Fallout products. The company has been burning cash and issued a going concern warning in August, so this topline surge is a meaningful positive signal. Final Q3 results will show margins and whether the growth is sustainable. Nine-month net revenue was $36.0M.
At the time of this announcement, JSDA was trading at $0.25 on OTC in the Trade & Services sector, with a market capitalization of approximately $31M. The 52-week trading range was $0.16 to $0.40. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.