The company has reported a net loss of $1.5m for the third quarter 2009, compared to $5.3m for the comparable period in 2008.
For nine months ended September 30, 2009, the company posted a net loss of $6.05m, compared to $11.8m for the same period in 2008. Revenue for nine months decreased to $21.7m from $29.7m in same period 2008.
Joth Ricci, president and CEO of Jones Soda, said: “Our third quarter bottom-line results show meaningful improvement over the same period last year and represent our best performance in the last nine quarters, underscoring the positive progress we have made during the past 12 months to streamline our business.
“Importantly, several new product extensions within our core glass business have performed well at retail, including Jones Jumble and Jones Refresco de Caña Pura. Additionally, our gross margin and operating expenses are both dramatically improved versus a year ago, and as a result, we significantly reduced our use of cash in the quarter.”
Will Jones Soda reduce net loss in Q4?
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