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Jones Soda reports revenue of $12.4 mn for Q1 2026
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Friday, 22 May, 2026, 16 : 00 PM [IST]
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Seattle, USA
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Jones Soda Co., announced its financial results for the first quarter ended March 31, 2026.
First Quarter 2026 Financial Summary vs. First Quarter 2025 - Revenue increased 193.9% to $12.4 million compared to $4.2 million in the year ago period. Gross profit margin was 31.3%, a modest decline of 160 basis points from 32.9% in the year ago period. Total operating expenses were $3.5 million compared to $2.3 million in the year ago period. Net income improved by $1.2 million from continuing operations to $115,000, or $0.00 per share, compared to a net loss from continuing operations of $1.1 million, or $(0.01) per share in the first quarter of 2025. Adjusted EBITDA1 from continuing operations was $0.6 million, compared to an Adjusted EBITDA loss from continuing operations of $1.1 million in the first quarter of 2025, an improvement of $1.6 million.
Business Highlights - Expanded its retail programme with the introduction of new multi-packs in 650 top-volume Walmart locations across the United States; Expanded its Canadian distribution through 700 Circle K stores across Eastern Canada; Announced a $2.5 million private placement on April 30, 2026 which will provide additional capital to support expansion and strategic growth initiatives; Announced expanded club channel distribution of its Fallout licensed products across Canada and the United States in the first quarter of 2026.
Scott Harvey, CEO, Jones Soda, said, "With first quarter revenue of $12.4 million, we delivered on our guidance and reached a meaningful inflection point for the business by achieving net income profitability on a GAAP basis. This performance reflects the continued strengthening of our business and the growing success of our partnership and branded collaboration platform, particularly within the club channel where consumer demand for our Fallout-related offerings exceeded expectations. The progress we are seeing across retail distribution, branded collaborations and operational execution reinforces our confidence in the scalability of the Jones platform and our ability to drive sustainable growth throughout 2026."
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