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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