Jones Soda reports fourth-quarter and full-year 2020 results

Jones Soda Co. (OTCQB: JSDA), a pioneering craft soda company known for its unconventional flavors and user-designed label artwork, announced its financial results for the fourth quarter and full year, ended Dec. 31, 2020.

Fourth-quarter 2020 highlights vs. year-ago quarter

» Revenue increased 14% to $2.5 million, compared with $2.2 million.

» Gross profit as a percentage of revenue increased 670 basis points to 23.9%, compared with 17.2%.

» Net loss improved to $918,000 or $0.01 per share, compared with a net loss of $930,000, or $0.02 per share.

» Adjusted EBITDA improved to $806,000, compared with $828,000.

Full-year 2020 highlights vs. year ago

» Revenue increased 3% to $11.9 million, compared with $11.5 million.

» Gross profit as a percentage of revenue increased 180 basis points to 22.5%, compared with 20.7%.

» Net loss was $3 million, or $0.05 per share, compared with a net loss of $2.8 million, or $0.05 per share.

» Adjusted EBITDA was $2.6 million, compared with $2.2 million.

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