Jones Soda Co.
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Jones Soda Co. - overview
Established
1995
Location
Seattle, WA, US
Primary Industry
Consumer Products
About
Based in Seattle, US, and founded in 1995 by Peter Van Stolk, Jones Soda Co. operates as a producer and distributor of soda and other beverages. In February 2022, SOL Global Investments acquired common shares of Jones Soda Co. , which trades on the public market under the ticker OTCQB: JSDA, and CSE: JSDA.
As of August 2022, the company is being led by its Chief Executive Officer (CEO), Mark Murray, and employs 23 employees. Jones Soda Co. manufactures a wide range of craft sodas of various flavors in glass bottles and cans and distributes the products through its website as well as grocery stores, restaurants, and traditional beverage outlets across the US and Canada. The firm also sells Jones Soda on fountains with flavors such as cane sugar cola, sugar-free cola, etc.
Additionally, the company’s product line includes non-carbonated beverages which are marketed through its sister brand, Lemoncocco®. Furthermore, Jones Soda Co. offers soda with customized labels, wearables, and other items. Jones Soda Co.
generated a revenue of USD 6 million in Q2, 2022. For the year ended December 2021, the firm's revenue was approximately $14. 8 million. The company intends to develop and distribute cannabis-infused beverages, and related products through its brands, Jones Soda, and Mary Jones to complement its existing business.
Current Investors
SOL Global Investments
Primary Industry
Consumer Products
Sub Industries
Non-Alcoholic Beverages, Accessories, Food & Beverage Distribution
Website
www.jonessoda.com
Verticals
E-commerce, Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Jones Soda Co. - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 13,555,000 | 13,591,000 | 15,667,000 | 13,345,000 | 12,558,000 | 11,508,000 | 11,895,000 | - | - | - |
| % Revenue Growth (YoY) | - | 0.3% | 15.3% | (14.8%) | (5.9%) | (8.4%) | 3.4% | - | - | - |
| EBITDA (USD) | (1,552,000) | (733,000) | (70,000) | (1,100,000) | (1,704,000) | (2,036,000) | (2,692,000) | - | - | - |
| Operating Income (USD) | (1,758,000) | (756,000) | (85,000) | (1,113,000) | (1,827,000) | (2,352,000) | (2,828,000) | - | - | - |
| Operating Margin | (13.0%) | (5.6%) | (0.5%) | (8.3%) | (14.5%) | (20.4%) | (23.8%) | - | - | - |
| % EBITDA Margin | (11.4%) | (5.4%) | (0.4%) | (8.2%) | (13.6%) | (17.7%) | (22.6%) | - | - | - |
| NET Income (USD) | (1,540,000) | (1,120,000) | (183,000) | (1,271,000) | (2,079,000) | (2,778,000) | (2,997,000) | - | - | - |
| % Net Margin | (11.4%) | (8.2%) | (1.2%) | (9.5%) | (16.6%) | (24.1%) | (25.2%) | - | - | - |
Jones Soda Co. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Jones Soda Co.'s THC beverage business | - | ||||||||
| Private Debt | Completed | Jones Soda Co. | - | ||||||||
| Buyout | Completed | Jones Soda Co. | - |
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