Jones Soda Reports Wider Quarterly Loss Driven By Lower Sales Volume, Inventory Write-Off
Jones Soda Co. (OTC:JSDA) on Tuesday reported fourth-quarter 2024 earnings.
Revenue in the quarter was $2.8 million, compared with $3.5 million a year earlier, primarily attributable to reduced sales volumes driven by a transition to a new distributor in Canada and the loss of a discount retail customer in the U.S. during the previous quarter.
The company’s beverages segment, which includes craft soda, HD9, Pop Jones, and Fiesta Jones brands, generated approximately $2.6 million in revenue, down from approximately $3.1 million a year ago.
The company’s Cannabis …