Jones Soda (JSDA)

[Dub blur]

Adjusted EBITDA1 in the fourth quarter of 2021 was $(1.2) million compared to $(0.8) million the prior year period.


Full Year 2021 Financial Results

Revenue in 2021 increased 24% to $14.8 million compared to $11.9 million in 2020. The revenue growth was primarily driven by the Company’s continued execution of its turnaround plan and increased sales of its core bottled soda products.
Gross profit as a percentage of sales increased 720 basis points to 29.7% in 2021 compared to 22.5% in 2020.

The improvement was driven mostly by the favorable product mix shift and cost optimization efforts throughout the year.