Georgi Kamburov

Jones Soda Co. (OTCMKTS:JSDA) Claws Its Way Up

by Georgi Kamburov July 30, 2013
JSDAchart.pngJones Soda Co. (OTCMKTS:JSDA, JSDA message board) have been on a slow resurgence for the last couple of months. After falling below $0.25 at the start of the year the company has rallied and have closed in the green for five sessions in a row, reaching a new 52 week high of $0.86 yesterday. Attention has also been accumulating around the stock resulting in increasing traded volumes. Still half a million traded shares is not much for a penny stock.

JSDA primarily markets and distributes the premium brand of Jones Soda and in the past have seen better times. Back in 2007 they were briefly traded for above $25 per share. Many investors blame the management team that was at the helm of the company for the drastic loss of 97% percent in value compared to the current price.

Even the recent climb has only been possible by the return of JSDA's old employee, now elected as CEO - Jennifer L. Cue. Ms. Cue previously worked for the company as Chief Operating Officer and Chief Financial Officer among other positions from 1995 to 2005. As a result mainly due to her new turnaround business plan JSDA were able to show improved financials for the first quarter of 2013:

  • $1.2 million cash
  • $6.1 million total current assets
  • $2.3 million total current liabilities 
  • $3 million revenue
  • $399 thousand net loss

The decrease in revenues compared to the $3.8 million earned for the same period last year is not that discouraging when the net loss was reduced by the whopping 77%, dropping from $1.6 million to just $400 thousand. And with the historically stronger second and third quarter many expect the next report to be positive albeit with a small sum. Investors won't have to speculate for much longer as yesterday JSDA announced an earnings call for the past quarter happening on August 8.

ENZRchart1.pngWorth noting is the fact that the company has been through a brief promotion back in 2011. JSDA is moving along with its plan smoothly and even announced a photo contest in conjunction with the FIAT Brand.

Yesterday traders witnessed the ascend of Energizer Resources, Inc. (OTCMKTS:ENZR). The company soared by more than 150% after they announced 99% purity of graphitic carbon. In early trading they are going furhter up. ImageWare Systems, Inc. (OTCMKTS:IWSY) also closed in the green by 7% putting and end to their three-day slide.

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