The following is a summary of the Jones Soda Co. (JSDA) Q2 2024 Earnings Call Transcript:
Financial Performance:
Q2 2024 saw a net revenue increase of 49% to $7.2 million compared to $4.8 million in Q2 2023.
Gross profit margin improved by 340 basis points to 35.8%.
Net loss for Q2 was $1.6 million or negative $0.02 per share, compared to a net loss of $1 million or negative $0.01 per share in Q2 2023. Adjusted EBITDA was negative $1.1 million.
Business Progress:
Shift to video conference calls, moving away from traditional telco dial-ins.
Innovation in product lines with eight new businesses developed and several key launches planned for H2 2024.
Significant investments in new product offerings expected to boost future revenues.
Opportunities:
Expansion into new beverage categories with high-margin products.
Strategic partnerships and increased investment in high-growth beverage sectors.
Risks:
Increased spending on product innovation raises SG&A costs, impacting the bottom line in the short term.
More details: JONES SODA CO IR
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