The Company reported revenue of $4.1m for first quarter, an increase of $194,000, or 5%, over the same quarter of the prior year, which contributed to an increase in gross profit of 24%, to $1.0m.
Net loss for the quarter was $1.7m, or ($0.05) per share, a 22% improvement from the first quarter 2010 net loss of $2.1m, or ($0.08) per share.
William Meissner, president & CEO, said: “We continued to deliver solid year-over-year improvement, highlighted by our first quarter of revenue growth in more than two years. We believe that we’re successfully executing our strategy of expanding our core product lines, as evidenced by a 13% increase in case sales through our DSD channel of Jones Soda glass and WhoopAss Energy Drink compared to a year ago.”
Source: Jones Soda
© FoodBev Media Ltd 2024