SEATTLE--(BUSINESS WIRE)--Jones Soda Co., a leader in the premium soda category and known for its unique branding and innovative marketing, today announced results for the second quarter ended June 30, 2016.
For the second quarter of 2016, the Company reported revenue of $4.3 million, up 1% over the second quarter of 2015, based on case volume growth of 7.0%. The Company improved to a net loss for the second quarter of 2016 of $65,000 or $(0.00) per share, compared to a net loss of $116,000 or $(0.01) per share, for the second quarter of 2015.
Commenting on the Company’s performance, CEO Jennifer Cue stated, “I continue to be excited about all of the opportunities for the Jones Soda brand, and for our new brand, Lemoncocco. During the second quarter of 2016, we made continued operational improvement resulting in positive operating income for the first six months of the year, a significant accomplishment.”
Second Quarter Review - Comparison of Quarters Ended June 30, 2016 and 2015
Revenue increased 1% compared to last year.
Case sales volume increased 7.0% compared to last year.
Gross margin increased to 25.2% of revenue, compared to 24.7% last year.
Net loss improved to $65,000 or $(0.00) per share, compared to a net loss of $116,000 or $(0.00) per share last year.
Year-to-date Review - Comparison of Six Months Ended June 30, 2016 and 2015
Revenue increased 19.9% compared to last year.
Case sales volume increased 34.6% compared to last year.
Gross margin increased to 26.3% of revenue, compared to 25.1% last year.
Net loss improved to $16,000 or $(0.00) per share, compared to a net loss of $394,000 or $(0.01) per share last year. Full Report.
