SEATTLE--(BUSINESS WIRE)--Jones Soda Co. (the Company) (OTCQB: JSDA), a leader in the premium soda category and known for its unique branding and innovative marketing, today announced results for the third quarter ended September 30, 2014. The Company reported revenue of $4.4 million for the third quarter of 2014, an increase of 3.7% compared to the prior year’s third quarter revenues of $4.2 million. Net loss for the third quarter of 2014 decreased to $233,000 or $(0.01) per share, compared to a net loss of $330,000 or $ (0.01) per share, for the third quarter 2013. Results for the third quarter of 2014 showed improvement from the prior year third quarter due to sales growth under reduced promotional spend and operating expenses.
Third Quarter Review - Comparison of Quarters Ended September 30, 2014 and 2013
- Revenue increased 3.7% to $4.4 million, compared to $4.2 million last year.
- Gross margin as a percentage of revenue remained relatively flat at 24.0%.
- Operating expenses decreased by $111,000, or 8.3%, to $1.2 million, compared to $1.3 million last year.
- Net loss declined 29.4% to $233,000 or $(0.01) per share, compared to a net loss of $330,000 or $ (0.01) per share last year.
Year-to-Date Review - Comparison of Nine Months Ended September 30, 2014 and 2013
- Revenue decreased 3.9% to $11.1 million, compared to $11.6 million last year.
- Gross margin decreased to 23.5% of revenue, compared to 25.9% last year.
- Operating expenses decreased by $97,000, or 2.6%, to $3.7 million, compared to $3.8 million last year.
- Net loss increased 45.8% to $1.2 million or $ (0.03) per share, compared to a net loss of $824,000, or $(0.02) per share, last year. Full report.
