Jones Soda (JSDA)

[Homard]

Jones Soda Shares Hit New 52-week High (JSDA)
Submitted by WSN_Staff on Tue, 06/01/2010 - 15:18.
in JSDA Headlines

Jones Soda Co. (NASDAQ:JSDA) is back in full force, today its shares hit a new 12 month high of $1.75 and in the last five trading sessions its stock has increased a massive 137%.

As we mentioned this morning, Jones Soda makes a Comeback -- The Seattle soda company is back in the spotlight after it all seemed like the end was coming.

Jones Soda Co. (NASDAQ:JSDA) shares are one of the few fun stories today, shares are up 50%. The spike can be attributed last Thursday when Jones announced a retail deal with the king of all retailers -- Wal-Mart (NYSE:WMT).

Jones Soda is now silently rapping one of LL Cool J's classic lines, "don't call it a comeback, I've been here for years."

GO JONES GO
In March Jones Soda Co (JSDA) terminated the exclusivity provisions of a potential merger deal with Reed's Inc (REED) to explore an unsolicited bid by a third party.



The deal on the table at that time was for Reed's in a cash-and-stock deal pick Jones Soda for about $9.7 million. Its a damn good thing that didn't happen, thanks to Jones shares now trading at $1.75, the company's market cap is now worth $43.87 million. How about them apples?

At the end of March Jones reported a net loss of $4.5 million, or ($0.17) per share, for the quarter ended December 31, 2009, an increase of 33% over the fourth quarter 2008 net loss of $3.4 million, or ($0.13) per share, with the current quarter including $2.0 million in non-cash charges for excess inventory and fixed asset write-downs.

The Company reported a net loss of $10.5 million, or ($0.40) per share, for 2009, an improvement of 31% over the 2008 net loss of $15.2 million, or ($0.58) per share.

Congrats to the company and the shareholders that stood by when its shares got down to 40 cents, may the last soda win.