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Jones Soda
(OTC:JSDA)
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Rating:54Neutral
Price Target:
$0.31
▲(0.32% Upside)
Action:Reiterated
Date:07/11/26
The score is held back primarily by weak financial quality (ongoing negative cash flow and still-fragile profitability despite improved revenue and a no-debt balance sheet). Offsetting this, the earnings call indicated meaningful near-term operating momentum with reaffirmed >60% growth guidance and improved profitability metrics, while technicals are modestly supportive. Valuation remains challenged due to negative earnings and no dividend.
Positive Factors
Sustained Revenue Acceleration
A 194% YoY Q1 revenue surge demonstrates strong product-market fit and meaningful commercial traction. Sustained top-line growth underpins operating leverage potential, helps absorb fixed costs and moves the business closer to predictable breakeven if unit economics and channel placements hold.
Negative Factors
Negative Operating & Free Cash Flow
Persistent negative operating and free cash flow constrain capital allocation and force reliance on external financing. Continued cash burn increases execution risk, limits the firm's ability to invest in sustained marketing or supply-chain improvements, and raises the probability of future dilutive financings.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Acceleration
A 194% YoY Q1 revenue surge demonstrates strong product-market fit and meaningful commercial traction. Sustained top-line growth underpins operating leverage potential, helps absorb fixed costs and moves the business closer to predictable breakeven if unit economics and channel placements hold.
Read all positive factors
Jones Soda (JSDA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$36.83M
Dividend YieldN/A
Average Volume (3M)89.02K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth78.56%
EPS Growth92.28%
CountryUS
Employees27
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding124,836,060
10 Day Avg. Volume95,182
30 Day Avg. Volume89,016
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)22.55
Price to Sales (P/S)1.31
P/FCF Ratio-19.24
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Jones Soda Business Overview & Revenue Model
Company Description
Jones Soda Co., along with its subsidiaries, is engaged in the creation, production, marketing, and distribution of beverages, primarily serving markets in the United States, Canada, and other international regions. The company's product lineup fe...
How the Company Makes Money
Jones Soda primarily makes money by selling its branded beverages to customers across retail and foodservice distribution channels. Revenue is generated from product sales (e.g., cases or units of Jones-branded beverages) that are sold either dire...
Jones Soda Earnings Call Summary
Earnings Call Date:May 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call presented strong operational and commercial momentum: a large revenue increase (+194%), return to GAAP profitability, positive adjusted EBITDA, meaningful retail distribution gains (Walmart, Circle K, Club/Costco), committed financing and a reconfirmed >60% full-year growth target. Key challenges include a sharp decline in HD9 sales driven by regulatory changes, modest gross margin compression (1.6 ppt), higher absolute promotional and SG&A spend, and anticipated freight cost pressure. On balance, the positive financial improvements, distribution gains and secured financing outweigh the headwinds tied largely to a single challenged category (HD9) and controllable operational costs.Positive Updates
Substantial Revenue Growth
Q1 revenue of $12.4 million, up $8.2 million or 194% versus $4.2 million in Q1 2025, driven primarily by Fallout branded products sold through the Club channel.
Negative Updates
Decline in HD9 Adult Beverage Sales
HD9 sales declined from $0.9 million in Q1 2025 to $0.2 million in Q1 2026 (a $0.7M decrease), reflecting regulatory-driven weakness and management expectation that HD9 will not contribute materially to 2026 revenue.
Read all updates
Q1-2026 Updates
Positive
Negative
Substantial Revenue Growth
Q1 revenue of $12.4 million, up $8.2 million or 194% versus $4.2 million in Q1 2025, driven primarily by Fallout branded products sold through the Club channel.
Read all positive updates
Company Guidance
Management reaffirmed 2026 guidance calling for full‑year revenue growth exceeding 60% versus 2025 (with upside possible from new partnerships and product innovations) while noting the company’s net revenue outlook assumes no material HD9 contribution after HD9 sales fell from $0.9M to $0.2M in Q1; they cautioned quarterly volatility from order timing but expect strong full‑year growth. They also said breakeven adjusted EBITDA is tied to roughly $10.0M of net sales per quarter; Q1 metrics included revenue $12.4M (+194% YoY), gross profit ~$3.9M (+179%), gross margin 31.3% (down 1.6 ppt), trade spend $1.4M (9.5% of revenue, vs. 13.5% prior), SG&A 16.4% of revenue (vs. 26.3% prior), net income $115k (vs. $852k loss), adjusted EBITDA $0.6M (vs. $1.1M loss), cash $4.4M (up from $3.6M) and firm commitments for a $2.5M private placement at $0.33/share plus an expanded $10M credit facility; management expects COGS and warehousing cost improvements later in 2026 but anticipates higher freight surcharges in the latter part of the year.Jones Soda Financial Statement Overview
Summary
Income Statement
43
Neutral
Balance Sheet
48
Neutral
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 25.30M | 19.16M | 16.67M | 19.09M | 14.79M |
| Gross Profit | 6.76M | 4.08M | 4.86M | 5.14M | 4.40M |
| EBITDA | -1.05M | -9.80M | -4.76M | -5.58M | -1.39M |
| Net Income | -1.78M | -9.89M | -4.85M | -6.40M | -1.81M |
Balance Sheet | |||||
| Total Assets | 15.23M | 8.52M | 9.91M | 15.10M | 10.25M |
| Cash, Cash Equivalents and Short-Term Investments | 3.60M | 1.53M | 3.87M | 7.97M | 4.67M |
| Total Debt | 3.43M | 490.00K | 357.00K | 612.00K | 2.78M |
| Total Liabilities | 13.76M | 6.37M | 2.36M | 3.33M | 5.63M |
| Stockholders Equity | 1.47M | 2.16M | 7.55M | 11.77M | 4.62M |
Cash Flow | |||||
| Free Cash Flow | -1.72M | -5.92M | -3.89M | -5.99M | -2.56M |
| Operating Cash Flow | -1.26M | -5.89M | -3.82M | -5.96M | -2.53M |
| Investing Cash Flow | 441.00K | -27.00K | -73.00K | 100.00K | -31.00K |
| Financing Cash Flow | 2.50M | 3.67M | -246.00K | 9.21M | 2.61M |
Jones Soda Technical Analysis
Neutral
0.31
Price Trends
0.29
Positive
0.28
Positive
0.26
Positive
Market Momentum
<0.01
Positive
54.78
Neutral
38.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JSDA, the sentiment is Neutral. The current price of 0.31 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.29, and above the 200-day MA of 0.26, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.78 is Neutral, neither overbought nor oversold. The STOCH value of 38.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JSDA.
Jones Soda Risk Analysis
Jones Soda disclosed 11 risk factors in its most recent earnings report. Jones Soda reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Jones Soda Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $3.78B | 34.40 | 31.09% | ― | 26.10% | 69.15% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
54 Neutral | $36.83M | -43.38 | -29.61% | ― | 78.56% | 92.28% | |
53 Neutral | $130.87M | -16.38 | -13.99% | ― | 9.76% | 67.59% | |
51 Neutral | $464.94M | -3.58 | -3133.06% | ― | 11.40% | 36.08% | |
45 Neutral | $26.80M | -10.16 | -148.74% | ― | 56.30% | 22.45% | |
44 Neutral | $7.25M | -0.07 | -155.04% | ― | 687.25% | 56.17% |
* Consumer Defensive Sector Average
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Jones Soda
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Jones Soda Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Jones Soda Raises Capital Through Private Placement Financing
Positive
Jul 10, 2026
On July 7, 2026, Jones Soda Co. closed a private placement of 7,500,000 units at $0.33 per unit, raising gross proceeds of about $2.5 million, with each unit consisting of one common share and one-half of a share purchase warrant. The units were s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.