Improved Q2 sales sees Jones Soda bottom line approach parity
- First-half net losses narrow to US$0.4m from $1m
- Net sales in six months to end of June rise by 5.7% to $7.2m
- H1 operating losses come in at $0.3m versus $0.9m
- Second-quarter net losses improve: $0.1m compared to $0.4m
- Net sales increase by 9.9% to 4.3m
- Q2 operating losses total $92,000 versus $0.4m
Jones Soda will be hoping to be in the black before the end of 2015
Jones Soda has seen a lift in sales in the three months to the end of June pull the bottom line nearer to the black for the half-year.
Sales performed well in the second quarter, resulting in a near-6% increase in the half-year. In the first quarter of 2015, sales came in flat.
Net losses of US$400,000 in the six months to the end of June, compared to a near-doubling of losses in the corresponding period a year earlier.
Volumes in the latest half-year period improved by 9.6%, while the second quarter delivered a 12.6% increase.
CEO Jennifer Cue
"We are very pleased to announce our fourth consecutive quarter of case sale growth over prior comparable periods. We achieved 13% case sale growth in the second quarter of 2015, compared to the second quarter of 2014, which is the strongest growth we have achieved since initiating our turnaround plan.
"It’s been a great summer season so far."
To read the company's official results statement, click here.
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