• First-half net losses widen to US$0.97m from $0.49m
  • Net sales down 8% to $6.8m
  • H1 operating losses widen to $0.91m from $0.47
  • Second-quarter net losses widen to $0.43 from $0.09
  • Net sales down 10% to $3.9m
  • Q2 operating losses widen to $0.4m from $0.08m
  • Volumes down 7.5% to 491,000 cases (288-ounce equivalent)
  • Investments made to build relationship with “major international retailer”
Jones Soda released its results yesterday

Jones Soda released its results yesterday

Jones Soda has posted a fall in sales and widening losses as the Seattle-based soft drinks maker continues to reshape its business.

Jennifer Cue, CEO of Jones Soda, said yesterday: “As we complete the restructuring process of our business, we are now shifting the management team’s focus from stability towards growth and profitability. I am extremely pleased with the significant improvements we have achieved in our operating structure over the long term.”

Cue said losses were impacted by “mission-critical expenditures” to build new distribution and to “foster a growing relationship with a major international retailer”.

Jones Soda lost its NASDAQ listing in 2012 because its shares had traded below US$1 for too long.

To read the company's full results, click here.