Jones Soda Co. (JSDA)
OTHER OTC:JSDA
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Jones Soda
(OTC:JSDA)
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Rating:54Neutral
Price Target:
$0.30
▲(16.54% Upside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by weak financial quality (ongoing negative cash flow and thin equity base) and expensive valuation (very high P/E). Offsetting factors include improving price momentum and a notably strong earnings update with reaffirmed high-growth guidance and near-term profitability/EBITDA progress.
Positive Factors
Retail Distribution Expansion
Broader, national retail and club placements create durable revenue channels and scale advantages. Sustained Walmart, Circle K and club presence improves shelf visibility, recurring reorder potential and wholesale economics, supporting the company’s path to steady quarterly sales above break‑even thresholds.
Negative Factors
Negative Operating Cash Flow
Persistent negative operating and free cash flow constrains organic reinvestment and makes the business reliant on external financing to fund growth and working capital. Until cash generation turns sustainably positive, expansion plans and margin initiatives remain dependent on committed capital sources.
Read all positive and negative factors
Positive Factors
Negative Factors
Retail Distribution Expansion
Broader, national retail and club placements create durable revenue channels and scale advantages. Sustained Walmart, Circle K and club presence improves shelf visibility, recurring reorder potential and wholesale economics, supporting the company’s path to steady quarterly sales above break‑even thresholds.
Read all positive factors
Jones Soda (JSDA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$32.65M
Dividend YieldN/A
Average Volume (3M)89.02K
Price to Earnings (P/E)―
Beta (1Y)0.62
Revenue Growth78.56%
EPS Growth92.28%
CountryUS
Employees27
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding118,778,490
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 Cap1.00
Enterprise Value/Revenue0.98
Enterprise Value/Gross Profit3.64
Enterprise Value/Ebitda230.78
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. is a beverage company known for its distinctive, flavored sodas and creative packaging. Founded in 1986 and headquartered in Seattle, Washington, Jones Soda operates in the non-alcoholic beverage sector, primarily focusing on craft ...
How the Company Makes Money
Jones Soda makes money primarily by selling its branded beverages to customers through wholesale distribution and direct sales. The core revenue stream is product sales of Jones Soda beverages (and any other beverage brands or products the company...
Jones Soda Earnings Call Summary
Earnings Call Date:May 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 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
Negative
0.26
Price Trends
0.28
Negative
0.28
Negative
0.24
Positive
Market Momentum
>-0.01
Positive
43.07
Neutral
36.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JSDA, the sentiment is Negative. The current price of 0.26 is below the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.28, and above the 200-day MA of 0.24, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.07 is Neutral, neither overbought nor oversold. The STOCH value of 36.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $4.23B | 51.04 | 25.43% | ― | 23.05% | 36.53% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
54 Neutral | $32.65M | -42.35 | -29.61% | ― | 78.56% | 92.28% | |
54 Neutral | $108.55M | -13.73 | -13.99% | ― | 9.76% | 67.59% | |
45 Neutral | $35.84M | -13.73 | -151.77% | ― | 56.30% | 22.45% | |
44 Neutral | $12.48M | -0.10 | -93.69% | ― | 687.25% | 56.17% | |
44 Neutral | $255.73M | -1.68 | -447.55% | ― | 8.84% | 10.68% |
* Consumer Defensive Sector Average
JSDA
Jones Soda
0.27
0.08
40.51%
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Jones Soda Corporate Events
Business Operations and StrategyExecutive/Board Changes
Jones Soda Revises CFO Stock Options to Time-Based Vesting
Positive
Apr 2, 2026
Jones Soda Co. has revised the terms of previously granted stock options awarded to Chief Financial Officer Brian Meadows, originally issued on September 9, 2025, to purchase 750,000 shares under its 2022 Omnibus Equity Incentive Plan. Effective M...
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.