Jones Soda Reports Wider Y/Y Q3 Loss Amid Revenue Drop & Rising Costs
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Jones Soda (JSDA) reported a wider year-over-year Q3 loss due to a 6.4% drop in revenues and increased costs from product investments, legal expenses, and distribution challenges.
November 18, 2024 | 6:30 pm
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Jones Soda reported a wider Q3 loss year-over-year, with a 6.4% decline in revenues and increased costs due to product investments, legal expenses, and distribution challenges.
The company's financial performance in Q3 was negatively impacted by a combination of declining revenues and rising costs. This suggests potential short-term pressure on the stock price as investors react to the disappointing earnings report.
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