The company reported a net loss of $1.5m, or ($0.06) per share, for the third quarter 2009, an improvement of 72% over the third quarter 2008 net loss of $5.3m, or ($0.20) per share.
“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’ve made during the past 12 months to streamline our business,” said Joth Ricci, president & CEO.
“With emphasis on higher margin sales opportunities for our Jones Soda glass bottles, along with the restructuring of our sales and marketing platform, we’ve been able to drive improved bottom?line results on planned lower case volumes,” added Ricci.
“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 vs a year ago, and as a result, we significantly reduced our use of cash in the quarter.”
Source: Jones Soda Co
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