Jones Soda Q3 Revenue Surges 196% to $13.3 Million
Jones Soda reports preliminary Q3 net revenue of $13.3M, a 196% year-over-year jump, with nine-month totals reaching $36M.
Jones Soda Co. reported preliminary unaudited net revenue of $13.3 million for the third quarter, a year-over-year increase of approximately 196%, the Seattle-based beverage maker announced Tuesday. The figures, which remain subject to final audit, signal a sharp acceleration in the company's top-line growth.
For the first nine months of the fiscal year, Jones Soda's cumulative net revenue reached approximately $36.0 million, representing a gain of roughly 164% compared to the same period a year earlier. The sustained pace of growth across multiple quarters suggests the revenue surge is not isolated to a single reporting period.
Read more Trade Nation Acquires FXCM UK Client Base From Stratos Markets →
Jones Soda trades on the Canadian Securities Exchange and the OTCQB under the ticker symbol JSDA. The company characterized the results as preliminary and unaudited, meaning final figures could differ when the formal quarterly report is filed.
The triple-digit revenue growth rate places Jones Soda among the faster-expanding small-cap beverage brands tracked by analysts, though the company has not yet disclosed what specific product lines or distribution deals drove the outsized gains. Investors and analysts are likely to watch for those details when full results are published.
Continue reading at Earnings.