Jones Soda's Marijuana Drinks Bring In 200% Higher Q1 Revenue, Co. Eyes Expansion And Praises New Hemp Delta-9 Products
Jones Soda's Marijuana Drinks Bring In 200% Higher Q1 Revenue, Co. Eyes Expansion And Praises New Hemp Delta-9 Products
Jones Soda Co. (CSE:JSDA) (OTCQB:JSDA) reported its financial results for the first quarter ending March 31, 2024, revealing revenue improvement of 39% year-over-year reaching $5 million, from $3.9 million. The quarterly results include approximately $600,000 in revenue from the cannabis business – Mary Jones, compared to approximately $200,000 in the first quarter of 2023.
Jones Soda Co.（cse：JSDA）（OTCQB：JSDA）公佈了截至2024年3月31日的第一季度財務業績，營業收入同比增長39%，達到500萬美元，較去年同期的390萬美元有所提高。本季度業績中，來自大麻業務-Mary Jones的營業收入約爲60萬美元，相比之下，2023年第一季度大約爲20萬美元。
"2024 is off to a great start as I'm pleased to report our highest revenue performance for the first quarter since 2009," stated David Knight, president and CEO of Jones Soda. "I believe we are making excellent progress transitioning Jones from a soda company to a high-growth beverage company. Through this process, we have entered into several strategic partnerships to expand our product offerings and overall brand awareness across both our Jones Soda and Mary Jones brands."
“2016年是一個偉大的開端，我很高興向大家報告自2009年以來第一季度的最高營收業績，”Jones Soda的總裁兼首席執行官David Knight表示。“我相信我們在將Jones從一個蘇打水公司轉變爲一個高增長飲料公司方面正在取得卓越的進展。通過這一過程，我們已經進入了幾個戰略合作伙伴關係，以擴大我們的產品供應及整體品牌知名度，包括我們的Jones Soda和Mary Jones品牌。”
More about investments and financial data from the industry you can hear at the 19th Benzinga Cannabis Capital Conference in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry's future. Secure your tickets now before prices increase by following this link.
有關行業投資和財務數據的更多信息，請參加10月8日至9日在芝加哥舉行的第19屆Benzinga大麻資本大會。與高管、投資者、決策者和倡導者互動，探索該行業的未來。點擊鏈接預定門票，現在可以在價格上漲之前獲得門票。此鏈接.
Q1 2024 Vs Q1 2024 Financial Highlights
Q1 2024與Q1 2024財務亮點
- Gross profit as a percentage of revenue increased 850 basis points to 37.8% compared to 29.3%.
- Net loss improved to $1.2 million, or $(0.01) per share, compared to a net loss of $1.4 million, or $(0.01) per share.
- Adjusted EBITDA was a loss of $1.0 million compared to a loss of $1.1 million.
- On March 31, 2024, cash and cash equivalents totaled $2.8 million compared to $3.9 million on December 31, 2023, and $6.4 million on March 31, 2023. On March 29, 2024, Jones Soda received a commitment letter from a creditor to provide the company with a $2.0 million revolving credit facility for working capital needs.
- 毛利潤佔營業收入的比例增加了850個點子，達到37.8%，而不是29.3%。
- 淨虧損減小到120萬美元，或每股（0.01）美元，而不是淨虧損1,400,000美元或每股（0.01）美元。n相比於每股（0.01）美元1,400,000美元的淨虧損，每股（0.01）美元1,200,000美元的淨虧損有所改善。
- 調整後的EBITDA虧損100萬美元，而不是110萬美元的虧損。
- 截至2024年3月31日，現金及現金等價物總額爲280萬美元，而不是2023年12月31日的390萬美元和2023年3月31日的640萬美元。2024年3月29日，Jones Soda收到了一份承諾函，提供2,000,000美元的循環信貸額度，用於工作資金需求。
Knight continued,"Regarding Mary Jones, we continue to make progress with geographic expansion into new markets and introducing new product offerings. Our newly launched Hemp Delta-9 products have been met with incredible reception from the broader consumer base, and we believe this product line will be a core growth driver going forward."
Knight繼續說:“關於Mary Jones，我們繼續在新市場擴大地域，並推出新的產品供應。我們新推出的大麻三烯產品受到了廣泛消費者的極好的反響，我們相信這個產品系列將成爲引領未來發展的核心增長驅動器。”
Price Action
價格走勢
Jones Soda closed Tuesday market session 1% higher at 27 cents per share.
Jones Soda閉市時股價每股上漲1%，至27美分。
Courtesy photo
禮照片
譯文內容由第三人軟體翻譯。