Georgi Kamburov

Jones Soda Co. ( USA ) (OTCMKTS:JSDA) Flies Higher

by Georgi Kamburov March 7, 2016

After the end of last Thursday's trading Jones Soda Co. (USA) (OTCMKTS:JSDA, JSDA message board) announced their financial results for the fourth quarter and for the fiscal 2015. Investors had the chance to trade the news on Friday and judging by the performance of the stock they seem to have been quite pleased by the announced numbers. JSDA's stock opened the session at $0.59 and despite some hesitation right before the closing bell it still managed to close at $0.65 for a gain of 8.3%. During the session a new 52-week high of $0.6999 was registered.

While JSDA hasn't filed an official report for the period they did submit an 8-K filing according to which they finished 2015 with:

• $772 thousand cash
• $5.3 million total current assets
• $3.57 million total current liabilities
• $13.6 million revenue
• $1.12 million net loss

Despite the increased revenue generated during the last quarter of 2015 the annual revenue remained almost the same as the one for 2014. The company stated that the reported revenues were impacted by the 14% period over period decrease in the average Canadian to U.S. dollar exchange rate. JSDA were able, however, to reduce their net loss by more than $400 thousand. As a whole Jones Soda continue to be one of the more stable pennystock ventures with respectable cash and positive working capital.

Back in January JSDA announced the launch of a new brand of non-carbonated blended beverage called Lemoncocco while a couple of weeks ago they partnered with 7-Eleven, Inc. to create a 7-Select brand of premium sodas. The company expects these new initiatives to help them grow their revenues in 2016. If that will indeed be the case though remains to be seen. 

In early trading today JSDA are moving up currently trading 1.54% in the green at $0.66.

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