Company: JSDA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024179
Chunk: 24

Company: JONES SODA CO.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 24
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mitted
photos that are inspired by the business themes of our retail partners and the regions in which they are located. Our fountain offerings
include traditional flavors such as Cane Sugar Cola, Sugar Free Cola, as well as cane sugar sweetened Ginger Ale, Orange & Cream,
Root Beer and Lemon Lime. Rounding out the lineup are two of our most popular cane sugar flavors, Berry Lemonade and Green Apple. We
have developed other products in select markets that include teas, lemonade, vitamin enhanced waters, hydration beverages, as well as
naturally flavored sparkling waters.

We
continue to see growing interest from larger quick service restaurants, corporate accounts, retailers, celebrity chefs and a variety
of other outlets looking for differentiated offerings in their fountain soda. We feel that Jones on fountain enhances the consumer experience,
while appealing to a broad demographic. We believe our national brand awareness and customer-centric approach make us unique compared
to other craft soda competitors within this category.

Our
Focus: Sales Growth

Our
focus is sales growth through execution of the following key initiatives:

    ●
    Expand
    the Jones Soda glass bottle business in existing and new sales channels;

    ●
    Expand
    our business in the modern soda category through our Pop Jones and Fiesta Jones brands;

    ●
    Expand
    our fountain program in the United States and Canada; 

    ●
    Grow
    our Spiked Jones alcohol infused brand throughout the US; and,

    ●
    
    Grow
    the new Mary Jones brand cannabidiol (CBD)-infused beverages.

19

Results
of Operations

The
following selected financial and operating data are derived from our condensed consolidated financial statements and should be read in
conjunction with our condensed consolidated financial statements.

Three
months ended June 30, 2025 and 2024

    2025  
    2024  

    (Dollars in thousands)  
    (Dollars in thousands)  
    % Change 
  
    Revenue 
    $4,894  
    $6,653  
     (26.4)%
  
    Cost of Goods Sold 
     (3,266) 
     (4,391) 
     (25.6)%
  
    Gross Profit 
     1,628  
     2,262  
     (28.0)%
  
    % of Revenue 
     33%